Uruguay - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Uruguay was 11.06 as of 2019. Its highest value over the past 47 years was 19.65 in 1987, while its lowest value was 7.93 in 1972.

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 7.93
1973 12.94
1974 12.18
1975 9.15
1976 18.19
1977 11.36
1978 15.70
1979 15.84
1980 17.44
1981 16.50
1982 10.21
1983 14.13
1984 16.42
1985 15.01
1986 18.14
1987 19.65
1988 19.47
1989 14.18
1990 15.82
1991 16.68
1992 17.67
1993 13.94
1994 15.24
1995 12.75
1996 14.15
1997 12.86
1998 17.77
1999 18.30
2000 11.96
2001 13.51
2002 11.88
2003 12.94
2004 14.18
2005 14.45
2006 15.40
2007 15.50
2008 14.95
2009 12.45
2010 12.56
2011 11.77
2012 11.59
2013 11.76
2014 11.63
2015 11.71
2016 10.13
2017 10.76
2018 10.89
2019 11.06

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