United Kingdom - Goods and services expense (% of expense)

Goods and services expense (% of expense) in United Kingdom was 14.37 as of 2019. Its highest value over the past 47 years was 20.19 in 1994, while its lowest value was 10.01 in 1997.

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 17.84
1973 17.45
1974 17.28
1975 16.17
1976 16.74
1977 17.46
1978 17.48
1979 17.55
1980 18.28
1981 17.91
1982 18.32
1983 18.67
1984 18.50
1985 17.71
1986 17.71
1987 16.50
1988 16.78
1989 17.27
1990 15.83
1991 16.07
1992 16.28
1993 17.62
1994 20.19
1995 10.02
1996 10.32
1997 10.01
1998 10.51
1999 11.22
2000 11.38
2001 11.52
2002 11.89
2003 11.55
2004 12.17
2005 12.36
2006 12.53
2007 12.71
2008 13.05
2009 13.63
2010 13.13
2011 13.05
2012 12.94
2013 13.89
2014 14.07
2015 13.83
2016 13.76
2017 13.42
2018 13.57
2019 14.37

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