St. Kitts and Nevis - Goods and services expense (% of expense)

Goods and services expense (% of expense) in St. Kitts and Nevis was 22.82 as of 2017. Its highest value over the past 27 years was 29.60 in 2011, while its lowest value was 7.97 in 2016.

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
1990 22.35
1991 19.28
1992 18.67
1993 26.48
2000 29.52
2001 25.90
2002 22.19
2003 21.26
2004 23.12
2005 21.50
2006 21.81
2007 19.72
2008 25.59
2009 23.68
2010 22.28
2011 29.60
2012 23.64
2013 28.30
2014 25.67
2015 26.18
2016 7.97
2017 22.82

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