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

Goods and services expense (% of expense) in United States was 5.76 as of 2020. Its highest value over the past 48 years was 23.02 in 1972, while its lowest value was 5.76 in 2020.

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 23.02
1973 21.58
1974 20.08
1975 19.52
1976 16.65
1977 17.41
1978 17.89
1979 17.56
1980 18.39
1981 18.67
1982 19.16
1983 20.29
1984 20.54
1985 20.65
1986 20.98
1987 20.56
1988 20.35
1989 20.15
1990 17.85
1991 17.69
1992 17.33
1993 15.87
1994 15.20
1995 13.98
1996 13.08
1997 13.12
1998 12.84
1999 12.78
2000 12.80
2001 7.32
2002 8.14
2003 9.03
2004 9.70
2005 9.59
2006 9.69
2007 9.37
2008 9.79
2009 9.51
2010 9.79
2011 9.42
2012 9.21
2013 8.29
2014 7.76
2015 7.45
2016 7.36
2017 7.25
2018 7.58
2019 7.81
2020 5.76

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