Australia and New Zealand vs Least Developed Countries (LDCs): Total Expenditure (highest government level) — Value US$, 2015 prices
Total Expenditure (highest government level) — Value US$, 2015 prices over time
- Australia and New Zealand
- Least Developed Countries (LDCs)
How they compare
Australia and New Zealand currently reports 648,980 million USD against 248,289 million USD in Least Developed Countries (LDCs), a difference of 400,691 million USD.
That makes Australia and New Zealand's figure about 2.6 times Least Developed Countries (LDCs)'s.
Across all 24 years both countries report, Australia and New Zealand has been ahead every year.
Australia and New Zealand ranks 1st and Least Developed Countries (LDCs) ranks 2nd of 1 countries.
Australia and New Zealand has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia and New Zealand | Least Developed Countries (LDCs) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 355,493 million USD | 94,599 million USD | 260,894 million USD | Australia and New Zealand |
| 2010s | 493,117 million USD | 182,093 million USD | 311,024 million USD | Australia and New Zealand |
| 2020s | 631,737 million USD | 234,719 million USD | 397,018 million USD | Australia and New Zealand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total expenditure (highest government level) — value us$, 2015 prices, Australia and New Zealand or Least Developed Countries (LDCs)?
- Australia and New Zealand, at 648,980 million USD against 248,289 million USD in Least Developed Countries (LDCs) as of 2024.
- What is the difference in total expenditure (highest government level) — value us$, 2015 prices between Australia and New Zealand and Least Developed Countries (LDCs)?
- 400,691 million USD, with Australia and New Zealand ahead.
- How many years of comparable data are there for Australia and New Zealand and Least Developed Countries (LDCs)?
- 24 years are reported by both, from 2001 to 2024.
- How do Australia and New Zealand and Least Developed Countries (LDCs) rank globally for total expenditure (highest government level) — value us$, 2015 prices?
- Australia and New Zealand ranks 1st and Least Developed Countries (LDCs) ranks 2nd of 1 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Total Expenditure (highest government level) — Value US$, 2015 prices. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.