Expense in High income
High income: Expense was 30.1% in 2023. ▲ Rising
Expense in High income, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in High income is 30.1%, measured in 2023.
That represents a change of up 2.1% on the previous year and up 7.4% over ten years.
Over the whole period, expense in High income peaked at 34.5% in 2020 and was at its lowest, 19.3%, in 1972.
High income ranks 10th of 24 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Expense in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 19.3% | — |
| 1973 | 19.8% | +3.0% |
| 1974 | 20.6% | +3.9% |
| 1975 | 22.6% | +9.5% |
| 1976 | 22.9% | +1.6% |
| 1977 | 23.0% | +0.2% |
| 1978 | 23.3% | +1.3% |
| 1979 | 23.4% | +0.6% |
| 1980 | 24.6% | +5.2% |
| 1981 | 24.9% | +1.1% |
| 1982 | 25.9% | +4.0% |
| 1983 | 26.2% | +1.0% |
| 1984 | 25.6% | -2.3% |
| 1985 | 25.9% | +1.2% |
| 1986 | 26.6% | +2.9% |
| 1987 | 26.1% | -1.9% |
| 1988 | 25.3% | -3.3% |
| 1989 | 24.9% | -1.4% |
| 1990 | 25.2% | +1.0% |
| 1991 | 28.7% | +13.9% |
| 1992 | 28.5% | -0.4% |
| 1993 | 28.6% | +0.3% |
| 1994 | 26.7% | -6.7% |
| 1995 | 27.3% | +2.3% |
| 1996 | 26.9% | -1.6% |
| 1997 | 25.9% | -3.9% |
| 1998 | 25.8% | -0.1% |
| 1999 | 25.0% | -3.1% |
| 2000 | 24.8% | -0.8% |
| 2001 | 25.6% | +3.1% |
| 2002 | 26.0% | +1.5% |
| 2003 | 26.3% | +1.3% |
| 2004 | 25.9% | -1.6% |
| 2005 | 25.9% | -0.1% |
| 2006 | 25.6% | -1.1% |
| 2007 | 25.5% | -0.3% |
| 2008 | 26.8% | +4.7% |
| 2009 | 29.8% | +11.3% |
| 2010 | 29.6% | -0.5% |
| 2011 | 28.6% | -3.5% |
| 2012 | 28.6% | -0.1% |
| 2013 | 28.0% | -2.0% |
| 2014 | 27.7% | -1.0% |
| 2015 | 27.6% | -0.6% |
| 2016 | 27.3% | -0.8% |
| 2017 | 27.0% | -1.1% |
| 2018 | 26.9% | -0.6% |
| 2019 | 27.1% | +0.7% |
| 2020 | 34.5% | +27.4% |
| 2021 | 32.9% | -4.5% |
| 2022 | 29.5% | -10.5% |
| 2023 | 30.1% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.9% | 19.3% | 23.4% | 8 |
| 1980s | 25.6% | 24.6% | 26.6% | 10 |
| 1990s | 26.9% | 25.0% | 28.7% | 10 |
| 2000s | 26.2% | 24.8% | 29.8% | 10 |
| 2010s | 27.8% | 26.9% | 29.6% | 10 |
| 2020s | 31.7% | 29.5% | 34.5% | 4 |
Countries ranked near High income
More economy & growth data for High income
- Gross capital formation 13.68 trillion constant 2015 US$ (2024)
- Gross fixed capital formation 16.03 trillion current US$ (2024)
- Gross fixed capital formation 13.45 trillion constant 2015 US$ (2024)
- Gross fixed capital formation 1.4% (2024)
- Gross fixed capital formation 22.2% (2024)
- Gross capital formation 16.34 trillion current US$ (2024)
- Imports of goods and services 23.69 trillion current US$ (2025)
- Imports of goods and services 5.2% (2025)
- Imports of goods and services 19.90 trillion constant 2015 US$ (2025)
- Exports of goods and services 31.7% (2025)
Frequently asked questions
- What is expense in High income?
- Expense in High income was 30.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in High income?
- The highest recorded value was 34.5% in 2020.
- What is the lowest expense recorded in High income?
- The lowest recorded value was 19.3% in 1972.
- How does High income rank for expense?
- High income ranks 10th out of 24 groups with data for 2023.
- Is expense rising or falling in High income?
- Over the last ten years it is up 7.4%. The long-run trend across the full record is rising.
- Where does this High income 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.