Czech Republic - Expense (% of GDP)

Expense (% of GDP) in Czech Republic was 32.54 as of 2019. Its highest value over the past 26 years was 47.26 in 1995, while its lowest value was 30.48 in 1994.

Definition: 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.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1993 30.99
1994 30.48
1995 47.26
1996 37.51
1997 35.08
1998 35.96
1999 34.81
2000 33.59
2001 36.68
2002 37.01
2003 38.29
2004 34.64
2005 33.48
2006 32.60
2007 32.36
2008 32.08
2009 35.04
2010 34.99
2011 34.93
2012 36.61
2013 34.73
2014 34.47
2015 33.26
2016 32.84
2017 31.81
2018 32.22
2019 32.54

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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance