Total Expenditure (highest government level) — Value US$, 2015 prices in Latin America and the Caribbean
Latin America and the Caribbean: Total Expenditure (highest government level) — Value US$, 2015 prices was 1.78 million million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$, 2015 prices in Latin America and the Caribbean, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, total expenditure (highest government level) — value us$, 2015 prices in Latin America and the Caribbean stood at 1.78 million million USD.
The figure is down 1.9% on the previous year and down 3.2% over ten years.
Over the whole period, total expenditure (highest government level) — value us$, 2015 prices in Latin America and the Caribbean peaked at 1.84 million million USD in 2014 and was at its lowest, 940,868 million USD, in 2002.
Latin America and the Caribbean ranks 12th of 33 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (highest government level) — Value US$, 2015 prices in Latin America and the Caribbean, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 985,272 million USD | — |
| 2002 | 940,868 million USD | -4.5% |
| 2003 | 965,708 million USD | +2.6% |
| 2004 | 1.06 million million USD | +10.2% |
| 2005 | 1.11 million million USD | +4.1% |
| 2006 | 1.27 million million USD | +14.5% |
| 2007 | 1.31 million million USD | +3.3% |
| 2008 | 1.40 million million USD | +7.3% |
| 2009 | 1.49 million million USD | +6.1% |
| 2010 | 1.46 million million USD | -1.9% |
| 2011 | 1.57 million million USD | +7.7% |
| 2012 | 1.60 million million USD | +1.4% |
| 2013 | 1.78 million million USD | +11.5% |
| 2014 | 1.84 million million USD | +3.7% |
| 2015 | 1.63 million million USD | -11.4% |
| 2016 | 1.62 million million USD | -0.7% |
| 2017 | 1.61 million million USD | -0.7% |
| 2018 | 1.63 million million USD | +1.1% |
| 2019 | 1.63 million million USD | -0.1% |
| 2020 | 1.68 million million USD | +3.3% |
| 2021 | 1.66 million million USD | -1.5% |
| 2022 | 1.75 million million USD | +5.5% |
| 2023 | 1.82 million million USD | +4.1% |
| 2024 | 1.78 million million USD | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.17 million million USD | 940,868 million USD | 1.49 million million USD | 9 |
| 2010s | 1.64 million million USD | 1.46 million million USD | 1.84 million million USD | 10 |
| 2020s | 1.74 million million USD | 1.66 million million USD | 1.82 million million USD | 5 |
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 32.96 Percentage of GDP (2028)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
Frequently asked questions
- What is total expenditure (highest government level) — value us$, 2015 prices in Latin America and the Caribbean?
- Total expenditure (highest government level) — value us$, 2015 prices in Latin America and the Caribbean was 1.78 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (highest government level) — value us$, 2015 prices recorded in Latin America and the Caribbean?
- The highest recorded value was 1.84 million million USD in 2014.
- What is the lowest total expenditure (highest government level) — value us$, 2015 prices recorded in Latin America and the Caribbean?
- The lowest recorded value was 940,868 million USD in 2002.
- How does Latin America and the Caribbean rank for total expenditure (highest government level) — value us$, 2015 prices?
- Latin America and the Caribbean ranks 12th out of 33 groups with data for 2024.
- Is total expenditure (highest government level) — value us$, 2015 prices rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (highest government level) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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.