Total Expenditure (general government) — Value Standard Local Currency in China, Hong Kong SAR
China, Hong Kong SAR: Total Expenditure (general government) — Value Standard Local Currency was 766,000 million SLC in 2023. ▲ Rising
Total Expenditure (general government) — Value Standard Local Currency in China, Hong Kong SAR, 2002–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, total expenditure (general government) — value standard local currency in China, Hong Kong SAR stood at 766,000 million SLC.
Compared with earlier readings it is down 10.7% on the previous year and up 72.3% over ten years.
Over the whole period, total expenditure (general government) — value standard local currency in China, Hong Kong SAR peaked at 862,600 million SLC in 2020 and was at its lowest, 248,181 million SLC, in 2006.
China, Hong Kong SAR ranks 49th of 114 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Total Expenditure (general government) — Value Standard Local Currency in China, Hong Kong SAR, year by year
| Year | million SLC | Change |
|---|---|---|
| 2002 | 277,274 million SLC | — |
| 2003 | 276,834 million SLC | -0.2% |
| 2004 | 259,416 million SLC | -6.3% |
| 2005 | 257,707 million SLC | -0.7% |
| 2006 | 248,181 million SLC | -3.7% |
| 2007 | 260,712 million SLC | +5.0% |
| 2008 | 319,595 million SLC | +22.6% |
| 2009 | 317,658 million SLC | -0.6% |
| 2010 | 322,328 million SLC | +1.5% |
| 2011 | 386,819 million SLC | +20.0% |
| 2012 | 407,828 million SLC | +5.4% |
| 2013 | 444,458 million SLC | +9.0% |
| 2014 | 436,332 million SLC | -1.8% |
| 2015 | 486,800 million SLC | +11.6% |
| 2016 | 495,700 million SLC | +1.8% |
| 2017 | 518,600 million SLC | +4.6% |
| 2018 | 575,200 million SLC | +10.9% |
| 2019 | 608,500 million SLC | +5.8% |
| 2020 | 862,600 million SLC | +41.8% |
| 2021 | 722,900 million SLC | -16.2% |
| 2022 | 858,000 million SLC | +18.7% |
| 2023 | 766,000 million SLC | -10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 277,172 million SLC | 248,181 million SLC | 319,595 million SLC | 8 |
| 2010s | 468,256 million SLC | 322,328 million SLC | 608,500 million SLC | 10 |
| 2020s | 802,375 million SLC | 722,900 million SLC | 862,600 million SLC | 4 |
Countries ranked near China, Hong Kong SAR
More economy & growth data for China, Hong Kong SAR
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 18.59 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 336,715 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 45,410 USD (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.61 million million SLC (2024)
- Gross Domestic Product — Value US$ per capita 54,867 USD (2024)
- Gross Domestic Product — Value US$ 406,835 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 16.04 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.42 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 2.42 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 1.87 % (2024)
Frequently asked questions
- What is total expenditure (general government) — value standard local currency in China, Hong Kong SAR?
- Total expenditure (general government) — value standard local currency in China, Hong Kong SAR was 766,000 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value standard local currency recorded in China, Hong Kong SAR?
- The highest recorded value was 862,600 million SLC in 2020.
- What is the lowest total expenditure (general government) — value standard local currency recorded in China, Hong Kong SAR?
- The lowest recorded value was 248,181 million SLC in 2006.
- How does China, Hong Kong SAR rank for total expenditure (general government) — value standard local currency?
- China, Hong Kong SAR ranks 49th out of 114 countries with data for 2023.
- Is total expenditure (general government) — value standard local currency rising or falling in China, Hong Kong SAR?
- Over the last ten years it is up 72.3%. The long-run trend across the full record is rising.
- Where does this China, Hong Kong SAR data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (general government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.