Singapore - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Singapore was 34.23 as of 2019. Its highest value over the past 47 years was 43.51 in 2007, while its lowest value was 16.70 in 1987.

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 31.81
1973 30.37
1974 30.62
1975 36.88
1976 37.65
1977 39.87
1978 34.45
1979 34.80
1980 36.07
1981 43.05
1982 39.29
1983 32.76
1984 33.84
1985 27.88
1986 20.28
1987 16.70
1988 23.40
1989 24.59
1990 28.37
1991 24.97
1992 27.78
1993 29.19
1994 37.11
1995 38.22
1996 27.67
1997 33.34
1998 32.76
1999 35.46
2000 32.87
2001 30.60
2002 34.38
2003 34.27
2004 34.56
2005 39.58
2006 36.14
2007 43.51
2008 39.74
2009 35.57
2010 35.75
2011 32.45
2012 32.63
2013 33.01
2014 32.68
2015 28.62
2016 32.59
2017 33.83
2018 33.75
2019 34.23

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