Thailand - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Thailand was 24.73 as of 2019. Its highest value over the past 47 years was 42.33 in 1978, while its lowest value was 18.55 in 1999.

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 39.87
1973 38.06
1974 35.24
1975 30.04
1976 32.63
1977 37.35
1978 42.33
1979 40.81
1980 41.42
1981 39.47
1982 37.41
1983 34.99
1984 38.18
1985 36.36
1986 34.15
1987 32.90
1988 32.74
1989 30.51
1990 30.49
1991 31.94
1992 35.35
1993 35.33
1994 39.88
1995 33.42
1996 34.60
1997 30.98
1998 23.24
1999 18.55
2000 26.85
2001 27.77
2002 19.21
2003 27.48
2004 21.26
2005 21.71
2006 20.88
2007 26.53
2008 27.00
2009 30.83
2010 32.23
2011 25.25
2012 25.19
2013 24.75
2014 25.23
2015 25.54
2016 26.31
2017 24.65
2018 26.19
2019 24.73

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