Expense in Least developed countries
Least developed countries: Expense was 13.1% in 2019. ▼ Falling
Expense in Least developed countries, 2009–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2019, expense in Least developed countries stood at 13.1%.
Compared with earlier readings it is up 9.4% on the previous year and down 12.8% over ten years.
Over the whole period, expense in Least developed countries peaked at 15.5% in 2014 and was at its lowest, 11.9%, in 2018.
Least developed countries ranks 24th of 24 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 10 years of available data.
Expense in Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 15.0% | — |
| 2010 | 15.0% | +0.2% |
| 2012 | 14.2% | -5.7% |
| 2013 | 15.2% | +7.1% |
| 2014 | 15.5% | +2.1% |
| 2015 | 14.1% | -8.7% |
| 2016 | 13.4% | -5.4% |
| 2017 | 13.5% | +1.3% |
| 2018 | 11.9% | -11.9% |
| 2019 | 13.1% | +9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.0% | 15.0% | 15.0% | 1 |
| 2010s | 14.0% | 11.9% | 15.5% | 9 |
Countries ranked near Least developed countries
More economy & growth data for Least developed countries
- Manufacturing, value added 185.44 billion constant 2015 US$ (2025)
- Imports of goods and services 6.4% (2025)
- Imports of goods and services 28.5% (2025)
- Trade in services 8.6% (2024)
- Trade 43.7% (2025)
- Agriculture, forestry, and fishing, value added 260.34 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 4.0% (2025)
- Manufacturing, value added 233.76 billion current US$ (2025)
- Industry (including construction), value added 29.7% (2025)
- Industry (including construction), value added 4.9% (2025)
Frequently asked questions
- What is expense in Least developed countries?
- Expense in Least developed countries was 13.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Least developed countries?
- The highest recorded value was 15.5% in 2014.
- What is the lowest expense recorded in Least developed countries?
- The lowest recorded value was 11.9% in 2018.
- How does Least developed countries rank for expense?
- Least developed countries ranks 24th out of 24 groups with data for 2019.
- Is expense rising or falling in Least developed countries?
- Over the last ten years it is down 12.8%. The long-run trend across the full record is falling.
- Where does this Least developed 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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CSV · JSON — 10 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.