Peru - Expense (% of GDP)

Expense (% of GDP) in Peru was 20.48 as of 2019. Its highest value over the past 47 years was 20.57 in 2015, while its lowest value was 11.75 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
1972 12.65
1973 13.16
1974 11.75
1975 13.61
1976 14.23
1977 13.22
1978 15.67
1979 13.33
1980 18.76
1981 17.39
1982 16.44
1983 18.31
1984 17.42
1985 17.03
1986 16.94
1987 15.85
1988 13.21
1989 12.98
1990 19.46
1991 14.57
1992 17.16
1993 15.31
1994 15.43
1995 17.50
1996 17.05
1997 16.63
1998 16.92
1999 17.82
2000 18.42
2001 18.24
2002 17.61
2003 17.77
2004 17.38
2005 18.02
2006 17.08
2007 18.14
2008 17.82
2009 18.48
2010 17.82
2011 17.63
2012 17.92
2013 18.96
2014 20.51
2015 20.57
2016 19.19
2017 20.02
2018 19.72
2019 20.48

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