Expense in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Expense was 27.6% in 2023. ▲ Rising
Expense in Latin America & the Caribbean (IDA & IBRD countries), 2010–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Latin America & the Caribbean (IDA & IBRD countries) recorded 27.6% for expense in 2023.
The figure is up 1.2% on the previous year and up 9.3% over ten years.
Over the whole period, expense in Latin America & the Caribbean (IDA & IBRD countries) peaked at 29.3% in 2020 and was at its lowest, 24.2%, in 2010.
That places Latin America & the Caribbean (IDA & IBRD countries) 16th out of 26 groups with data for 2023, putting it 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 24.2% | — |
| 2011 | 24.5% | +0.9% |
| 2012 | 24.4% | -0.1% |
| 2013 | 25.2% | +3.2% |
| 2014 | 25.5% | +0.9% |
| 2015 | 27.2% | +6.9% |
| 2016 | 27.2% | -0.1% |
| 2017 | 26.3% | -3.2% |
| 2018 | 26.3% | +0.1% |
| 2019 | 26.0% | -1.2% |
| 2020 | 29.3% | +12.7% |
| 2021 | 26.4% | -9.8% |
| 2022 | 27.3% | +3.1% |
| 2023 | 27.6% | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 25.7% | 24.2% | 27.2% | 10 |
| 2020s | 27.7% | 26.4% | 29.3% | 4 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 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
- 19 Slovakia 39.8% compare
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Households and NPISHs Final consumption expenditure (current US$) 0.6893 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.136 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,472 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.26 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.48 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,311 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5831 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,700 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,460 current US$ per person (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is expense in Latin America & the Caribbean (IDA & IBRD countries)?
- Expense in Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 29.3% in 2020.
- What is the lowest expense recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 24.2% in 2010.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for expense?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 16th out of 26 groups with data for 2023.
- Is expense rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 9.3%. The long-run trend across the full record is rising.
- Where does this Latin America & the Caribbean (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.
Download this data
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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.