Expense in Lower middle income
Lower middle income: Expense was 15.7% in 2018. ▼ Falling
Expense in Lower middle income, 2002–2018
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Lower middle income is 15.7%, measured in 2018.
Compared with earlier readings it is down 0.8% on the previous year and down 16.5% over ten years.
Over the whole period, expense in Lower middle income peaked at 18.8% in 2008 and was at its lowest, 15.6%, in 2016.
Lower middle income ranks 20th of 24 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Expense in Lower middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 17.5% | — |
| 2003 | 17.0% | -2.5% |
| 2004 | 16.4% | -4.0% |
| 2005 | 16.9% | +3.0% |
| 2006 | 17.4% | +3.3% |
| 2007 | 17.3% | -0.9% |
| 2008 | 18.8% | +9.0% |
| 2009 | 18.5% | -1.9% |
| 2010 | 18.1% | -2.0% |
| 2011 | 17.0% | -6.2% |
| 2012 | 17.8% | +5.1% |
| 2013 | 18.3% | +2.6% |
| 2014 | 17.4% | -5.0% |
| 2015 | 17.1% | -1.9% |
| 2016 | 15.6% | -8.3% |
| 2017 | 15.8% | +1.2% |
| 2018 | 15.7% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.5% | 16.4% | 18.8% | 8 |
| 2010s | 17.0% | 15.6% | 18.3% | 9 |
Countries ranked near Lower middle income
More economy & growth data for Lower middle income
- Industry (including construction), value added 31.3% (2025)
- Agriculture, forestry, and fishing, value added 2.7% (2025)
- Manufacturing, value added 1.24 trillion current US$ (2025)
- Trade in services 14.1% (2025)
- Manufacturing, value added 16.9% (2025)
- Industry (including construction), value added 2.29 trillion current US$ (2025)
- Industry (including construction), value added 2.30 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 7.0% (2025)
- Gross value added at basic prices (GVA) 7.04 trillion current US$ (2025)
- Inflation, GDP deflator 5.0% (2025)
Frequently asked questions
- What is expense in Lower middle income?
- Expense in Lower middle income was 15.7% in 2018, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Lower middle income?
- The highest recorded value was 18.8% in 2008.
- What is the lowest expense recorded in Lower middle income?
- The lowest recorded value was 15.6% in 2016.
- How does Lower middle income rank for expense?
- Lower middle income ranks 20th out of 24 groups with data for 2018.
- Is expense rising or falling in Lower middle income?
- Over the last ten years it is down 16.5%. The long-run trend across the full record is falling.
- Where does this Lower middle 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 — 17 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.