Romania - Expense (% of GDP)

Expense (% of GDP) in Romania was 33.77 as of 2019. Its highest value over the past 38 years was 42.43 in 1986, while its lowest value was 26.00 in 1996.

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
1981 39.79
1982 31.81
1983 27.50
1984 28.83
1985 41.54
1986 42.43
1987 40.63
1988 36.59
1989 40.00
1990 33.34
1991 32.89
1992 38.25
1993 29.90
1994 29.77
1995 26.06
1996 26.00
1997 28.55
1998 30.68
1999 33.25
2000 33.48
2001 32.33
2002 30.98
2003 30.95
2004 30.76
2005 30.73
2006 31.26
2007 32.75
2008 31.96
2009 34.43
2010 35.34
2011 35.01
2012 33.51
2013 31.62
2014 32.37
2015 33.20
2016 31.94
2017 31.56
2018 33.00
2019 33.77

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