The Bahamas - Goods and services expense (% of expense)

Goods and services expense (% of expense) in The Bahamas was 24.10 as of 2019. Its highest value over the past 29 years was 24.10 in 2019, while its lowest value was 18.26 in 1994.

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 20.92
1991 20.47
1992 21.61
1993 18.91
1994 18.26
1995 19.17
1996 22.26
1997 21.70
1998 22.30
1999 21.47
2000 20.23
2001 21.31
2002 21.84
2003 23.34
2004 19.49
2005 19.70
2006 20.12
2007 20.92
2008 21.16
2009 22.45
2010 20.74
2011 22.90
2012 21.82
2013 23.15
2014 20.53
2015 19.44
2016 20.34
2017 23.43
2018 20.14
2019 24.10

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