Dominican Republic - Expense (% of GDP)

Expense (% of GDP) in Dominican Republic was 15.86 as of 2019. Its highest value over the past 47 years was 16.15 in 2016, while its lowest value was 5.56 in 1991.

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 11.36
1973 10.67
1974 11.27
1975 9.36
1976 10.39
1978 10.85
1979 14.84
1980 13.80
1981 12.65
1982 10.99
1983 11.37
1984 9.98
1985 10.70
1986 11.27
1987 8.48
1988 9.45
1989 8.49
1990 6.90
1991 5.56
1992 7.02
1993 8.56
1994 7.98
1995 7.72
1996 8.08
1997 10.24
1998 10.20
1999 10.75
2000 10.99
2001 12.17
2002 12.41
2003 10.71
2004 13.33
2005 13.60
2006 13.76
2007 13.59
2008 15.40
2009 15.09
2010 14.21
2011 14.02
2012 15.83
2013 15.45
2014 15.64
2015 15.21
2016 16.15
2017 16.02
2018 15.70
2019 15.86

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