Italy - Expense (% of GDP)

Expense (% of GDP) in Italy was 42.38 as of 2019. Its highest value over the past 46 years was 48.18 in 1995, while its lowest value was 26.58 in 1974.

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
1973 26.62
1974 26.58
1975 31.03
1976 30.01
1977 30.16
1978 33.89
1979 35.73
1980 38.57
1986 46.15
1987 46.99
1988 42.42
1989 43.31
1990 43.24
1991 44.08
1992 47.08
1993 48.13
1994 45.88
1995 48.18
1996 47.42
1997 45.09
1998 41.21
1999 41.00
2000 39.48
2001 40.01
2002 39.47
2003 39.62
2004 38.84
2005 39.14
2006 39.76
2007 39.21
2008 40.60
2009 44.03
2010 42.75
2011 41.89
2012 43.61
2013 43.71
2014 43.65
2015 43.62
2016 43.27
2017 42.90
2018 42.53
2019 42.38

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