Uruguay - Expense (% of GDP)

Expense (% of GDP) in Uruguay was 32.59 as of 2019. Its highest value over the past 47 years was 35.37 in 2016, while its lowest value was 15.92 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 24.95
1973 15.92
1974 21.93
1975 22.51
1976 22.93
1977 21.82
1978 21.47
1979 18.14
1980 20.18
1981 23.77
1982 27.79
1983 24.64
1984 24.50
1985 23.87
1986 24.13
1987 23.14
1988 22.44
1989 22.87
1990 21.91
1991 23.36
1992 25.03
1993 28.89
1994 30.17
1995 27.10
1996 27.81
1997 26.32
1998 26.08
1999 26.44
2000 26.55
2001 27.27
2002 27.89
2003 27.91
2004 26.59
2005 26.56
2006 26.86
2007 26.49
2008 25.60
2009 29.13
2010 29.42
2011 29.11
2012 30.51
2013 31.21
2014 31.78
2015 32.02
2016 35.37
2017 31.62
2018 32.32
2019 32.59

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