Thailand | Expense (% of GDP)

Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Kingdom of Thailand
Records
63
Source
Thailand | Expense (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 12.48383313
1973 11.92165709
1974 10.33488516
1975 12.52357462
1976 13.04675302
1977 12.31053261
1978 13.02990546
1979 13.97334083
1980 15.36373833
1981 15.42764155
1982 16.33757879
1983 16.18347219
1984 16.34651359
1985 17.0144814
1986 16.31220105
1987 14.90145899
1988 13.10196678
1989 12.51459315
1990 11.77777441
1991 11.66009372
1992 11.50328116
1993 11.33771687
1994 11.22488202
1995 10.80686853
1996 11.18508931
1997 13.23199535
1998 16.45603059
1999 19.54922788
2000 13.50392124
2001 15.74345695
2002 20.19145549
2003 14.85436669
2004 15.49155952
2005 15.31498103
2006 15.06489621
2007 16.55114139
2008 17.0589483
2009 18.41180589
2010 17.41141537
2011 19.41745836
2012 18.62161962
2013 19.09372653
2014 19.30478212
2015 18.68254991
2016 18.92919635
2017 18.3813209
2018 18.34251413
2019 17.92148697
2020 22.08645129
2021 24.40925518
2022

Thailand | Expense (% of GDP)

Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Kingdom of Thailand
Records
63
Source