Dominican Republic - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Dominican Republic was 18.33 as of 2019. Its highest value over the past 47 years was 20.41 in 1985, while its lowest value was 10.81 in 1997.

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
1972 15.06
1973 14.98
1974 17.07
1975 17.27
1976 16.17
1978 16.20
1979 12.42
1980 12.47
1981 14.46
1982 14.01
1983 13.82
1984 18.45
1985 20.41
1986 16.33
1987 19.16
1988 15.39
1989 17.24
1990 17.70
1991 13.79
1992 16.68
1993 17.55
1994 19.18
1995 16.45
1996 14.10
1997 10.81
1998 14.86
1999 14.33
2000 14.01
2001 14.63
2002 15.42
2003 16.11
2004 13.77
2005 16.65
2006 17.80
2007 19.56
2008 14.57
2009 17.25
2010 18.75
2011 17.40
2012 17.42
2013 16.42
2014 17.07
2015 17.65
2016 16.67
2017 17.71
2018 17.12
2019 18.33

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