Denmark - Expense (% of GDP)

Expense (% of GDP) in Denmark was 35.94 as of 2019. Its highest value over the past 47 years was 43.52 in 2012, while its lowest value was 26.81 in 1973.

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
1972 29.08
1973 26.81
1974 30.17
1975 31.02
1976 29.98
1977 30.45
1978 31.37
1979 32.87
1980 35.98
1981 38.05
1982 39.15
1983 39.66
1984 39.16
1985 37.48
1986 35.14
1987 34.99
1988 36.51
1989 36.84
1990 37.00
1991 36.59
1992 37.58
1993 40.29
1994 40.71
1995 42.32
1996 40.99
1997 39.33
1998 38.98
1999 38.18
2000 36.79
2001 36.63
2002 36.64
2003 37.08
2004 36.81
2005 34.90
2006 33.23
2007 36.07
2008 36.76
2009 41.94
2010 42.27
2011 42.39
2012 43.52
2013 41.41
2014 40.91
2015 40.44
2016 38.38
2017 37.02
2018 36.80
2019 35.94

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