Greece - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Greece was 7.03 as of 2019. Its highest value over the past 47 years was 34.46 in 1995, while its lowest value was 5.92 in 2013.

Definition: Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 20.54
1973 28.56
1974 27.12
1975 26.07
1976 29.94
1977 28.03
1980 18.37
1981 17.11
1982 12.80
1983 17.67
1984 17.29
1985 16.13
1986 17.35
1987 16.76
1988 17.10
1989 15.29
1990 11.39
1995 34.46
1996 34.32
1997 9.69
1998 9.82
1999 10.77
2000 10.18
2001 11.87
2002 11.15
2003 11.49
2004 12.14
2005 10.98
2006 12.04
2007 12.62
2008 10.60
2009 10.32
2010 9.41
2011 7.16
2012 7.17
2013 5.92
2014 7.67
2015 7.35
2016 8.17
2017 8.14
2018 6.91
2019 7.03

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: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance