Sweden - Expense (% of GDP)

Expense (% of GDP) in Sweden was 31.19 as of 2019. Its highest value over the past 47 years was 44.22 in 1993, while its lowest value was 22.95 in 1973.

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 23.01
1973 22.95
1974 24.17
1975 24.52
1976 26.65
1977 29.71
1978 31.88
1979 33.48
1980 33.68
1981 36.43
1982 37.10
1983 38.89
1984 37.68
1985 38.81
1986 37.32
1987 35.74
1988 34.53
1989 33.99
1990 35.17
1991 36.63
1992 39.71
1993 44.22
1994 41.95
1995 42.59
1996 40.12
1997 38.32
1998 37.47
1999 36.42
2000 34.53
2001 33.24
2002 33.64
2003 33.73
2004 32.57
2005 33.07
2006 31.84
2007 31.15
2008 31.56
2009 33.64
2010 33.04
2011 32.16
2012 32.76
2013 33.52
2014 33.03
2015 32.16
2016 31.99
2017 31.67
2018 31.71
2019 31.19

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