Expense in Europe & Central Asia (IDA & IBRD countries)
Europe & Central Asia (IDA & IBRD countries): Expense was 32.3% in 2023. ▲ Rising
Expense in Europe & Central Asia (IDA & IBRD countries), 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Europe & Central Asia (IDA & IBRD countries) recorded 32.3% for expense in 2023.
Compared with earlier readings it is up 2.6% on the previous year and up 17.1% over ten years.
Over the whole period, expense in Europe & Central Asia (IDA & IBRD countries) peaked at 34.5% in 2020 and was at its lowest, 18.9%, in 1995.
Europe & Central Asia (IDA & IBRD countries) ranks 6th of 26 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Expense in Europe & Central Asia (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 27.7% | — |
| 1995 | 18.9% | -31.8% |
| 1998 | 26.3% | +39.2% |
| 1999 | 24.9% | -5.2% |
| 2000 | 25.4% | +2.0% |
| 2001 | 26.5% | +4.3% |
| 2002 | 26.2% | -1.0% |
| 2003 | 26.7% | +2.1% |
| 2004 | 25.5% | -4.4% |
| 2007 | 27.3% | +6.7% |
| 2008 | 27.3% | +0.3% |
| 2009 | 33.9% | +24.0% |
| 2010 | 30.3% | -10.8% |
| 2011 | 27.0% | -10.6% |
| 2012 | 27.4% | +1.3% |
| 2013 | 27.6% | +0.5% |
| 2014 | 28.6% | +3.8% |
| 2015 | 30.0% | +4.8% |
| 2016 | 30.5% | +1.7% |
| 2017 | 30.6% | +0.2% |
| 2018 | 29.8% | -2.6% |
| 2019 | 30.7% | +3.2% |
| 2020 | 34.5% | +12.2% |
| 2021 | 31.0% | -10.0% |
| 2022 | 31.4% | +1.3% |
| 2023 | 32.3% | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.4% | 18.9% | 27.7% | 4 |
| 2000s | 27.3% | 25.4% | 33.9% | 8 |
| 2010s | 29.2% | 27.0% | 30.7% | 10 |
| 2020s | 32.3% | 31.0% | 34.5% | 4 |
Countries ranked near Europe & Central Asia (IDA & IBRD countries)
More economy & growth data for Europe & Central Asia (IDA & IBRD countries)
- General government final consumption expenditure (current US$) 17.34 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 5.09 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.562 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 17.66 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 1,688 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1103 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.86 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 2,789 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1823 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 57.17 BoP, current US$ per person (2025)
Frequently asked questions
- What is expense in Europe & Central Asia (IDA & IBRD countries)?
- Expense in Europe & Central Asia (IDA & IBRD countries) was 32.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Europe & Central Asia (IDA & IBRD countries)?
- The highest recorded value was 34.5% in 2020.
- What is the lowest expense recorded in Europe & Central Asia (IDA & IBRD countries)?
- The lowest recorded value was 18.9% in 1995.
- How does Europe & Central Asia (IDA & IBRD countries) rank for expense?
- Europe & Central Asia (IDA & IBRD countries) ranks 6th out of 26 groups with data for 2023.
- Is expense rising or falling in Europe & Central Asia (IDA & IBRD countries)?
- Over the last ten years it is up 17.1%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (IDA & IBRD countries) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.