Portugal - Expense (% of GDP)

Expense (% of GDP) in Portugal was 38.50 as of 2019. Its highest value over the past 44 years was 47.44 in 2014, while its lowest value was 23.72 in 1975.

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
1975 23.72
1976 25.93
1978 26.16
1979 25.98
1980 27.37
1981 29.58
1982 29.08
1983 30.80
1984 29.51
1985 33.58
1986 33.66
1987 30.13
1988 29.79
1989 31.15
1990 32.32
1991 34.73
1992 35.88
1993 37.24
1994 34.97
1995 36.78
1996 36.80
1997 35.84
1998 37.25
1999 37.09
2000 37.25
2001 38.09
2002 38.54
2003 39.82
2004 40.41
2005 41.40
2006 40.11
2007 39.26
2008 40.30
2009 43.68
2010 43.96
2011 44.27
2012 44.20
2013 45.37
2014 47.44
2015 43.76
2016 41.13
2017 41.42
2018 39.10
2019 38.50

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