Expense in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Expense was 27.6% in 2023. ▲ Rising
Expense in Latin America & Caribbean (excluding high income), 2010–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, expense in Latin America & Caribbean (excluding high income) stood at 27.6%.
That represents a change of up 1.2% on the previous year and up 8.7% over ten years.
Over the whole period, expense in Latin America & Caribbean (excluding high income) peaked at 29.5% in 2020 and was at its lowest, 24.4%, in 2010.
Latin America & Caribbean (excluding high income) ranks 15th of 26 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Expense in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 24.4% | — |
| 2011 | 24.7% | +1.3% |
| 2012 | 24.6% | -0.4% |
| 2013 | 25.4% | +3.4% |
| 2014 | 25.8% | +1.2% |
| 2015 | 27.6% | +7.1% |
| 2016 | 27.5% | -0.4% |
| 2017 | 26.6% | -3.3% |
| 2018 | 26.5% | -0.1% |
| 2019 | 26.1% | -1.5% |
| 2020 | 29.5% | +12.9% |
| 2021 | 26.2% | -11.2% |
| 2022 | 27.3% | +4.3% |
| 2023 | 27.6% | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 25.9% | 24.4% | 27.6% | 10 |
| 2020s | 27.7% | 26.2% | 29.5% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 12 Slovenia 42.9% compare
- 13 Hungary 42.4% compare
- 14 Luxembourg 42.2% compare
- 15 United Kingdom of Great Britain and Northern Ireland 41.2% compare
- 16 San Marino 40.5% compare
- 17 Lesotho 40.2% compare
- 18 Netherlands 40.0% compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.11 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,436 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,076 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 1,706 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is expense in Latin America & Caribbean (excluding high income)?
- Expense in Latin America & Caribbean (excluding high income) was 27.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 29.5% in 2020.
- What is the lowest expense recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 24.4% in 2010.
- How does Latin America & Caribbean (excluding high income) rank for expense?
- Latin America & Caribbean (excluding high income) ranks 15th out of 26 groups with data for 2023.
- Is expense rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding 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.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.