Macao SAR, China - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Macao SAR, China was 17.64 as of 2019. Its highest value over the past 23 years was 24.55 in 1999, while its lowest value was 14.97 in 2017.

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
1996 20.29
1997 19.77
1998 20.78
1999 24.55
2000 22.29
2001 21.89
2002 19.09
2003 21.07
2004 20.46
2005 22.14
2006 22.03
2007 23.32
2008 16.63
2009 16.21
2010 15.06
2011 16.44
2012 18.44
2013 17.53
2014 17.59
2015 17.35
2016 16.07
2017 14.97
2018 15.37
2019 17.64

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