Bhutan - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Bhutan was 22.62 as of 2018. Its highest value over the past 36 years was 68.77 in 1984, while its lowest value was 22.62 in 2018.

Definition: Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1982 61.88
1983 62.16
1984 68.77
1988 45.15
1989 39.98
1990 43.12
1991 41.85
1992 45.18
1993 46.36
1994 39.35
1995 40.14
1996 37.16
1997 42.31
1998 46.88
1999 45.52
2000 46.48
2001 44.70
2002 44.77
2003 38.96
2004 44.12
2005 44.57
2006 44.44
2007 43.69
2008 35.22
2009 32.66
2010 37.02
2011 39.30
2012 35.67
2013 32.97
2014 31.80
2015 25.80
2016 25.43
2017 25.93
2018 22.62

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: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance