Total Expenditure (highest government level) — Value US$, 2015 prices in Least Developed Countries (LDCs)
Least Developed Countries (LDCs): Total Expenditure (highest government level) — Value US$, 2015 prices was 248,289 million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$, 2015 prices in Least Developed Countries (LDCs), 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, total expenditure (highest government level) — value us$, 2015 prices in Least Developed Countries (LDCs) stood at 248,289 million USD. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 5.3% on the previous year and up 24.3% over ten years.
Over the whole period, total expenditure (highest government level) — value us$, 2015 prices in Least Developed Countries (LDCs) peaked at 248,289 million USD in 2024 and was at its lowest, 65,074 million USD, in 2001.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (highest government level) — Value US$, 2015 prices in Least Developed Countries (LDCs), year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 65,074 million USD | — |
| 2002 | 71,968 million USD | +10.6% |
| 2003 | 82,265 million USD | +14.3% |
| 2004 | 74,986 million USD | -8.8% |
| 2005 | 88,557 million USD | +18.1% |
| 2006 | 96,998 million USD | +9.5% |
| 2007 | 108,668 million USD | +12.0% |
| 2008 | 129,997 million USD | +19.6% |
| 2009 | 132,877 million USD | +2.2% |
| 2010 | 148,410 million USD | +11.7% |
| 2011 | 157,456 million USD | +6.1% |
| 2012 | 160,960 million USD | +2.2% |
| 2013 | 184,194 million USD | +14.4% |
| 2014 | 199,764 million USD | +8.5% |
| 2015 | 185,491 million USD | -7.1% |
| 2016 | 183,881 million USD | -0.9% |
| 2017 | 189,998 million USD | +3.3% |
| 2018 | 196,284 million USD | +3.3% |
| 2019 | 214,488 million USD | +9.3% |
| 2020 | 231,097 million USD | +7.7% |
| 2021 | 223,840 million USD | -3.1% |
| 2022 | 234,606 million USD | +4.8% |
| 2023 | 235,763 million USD | +0.5% |
| 2024 | 248,289 million USD | +5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 94,599 million USD | 65,074 million USD | 132,877 million USD | 9 |
| 2010s | 182,093 million USD | 148,410 million USD | 214,488 million USD | 10 |
| 2020s | 234,719 million USD | 223,840 million USD | 248,289 million USD | 5 |
Countries ranked near Least Developed Countries (LDCs)
- 1 Australia and New Zealand 648,980 million USD compare
More economy & growth data for Least Developed Countries (LDCs)
- Gross Fixed Capital Formation — Share of GDP US$ 25.21 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 6.33 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.46 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 31.16 % (2024)
- Gross Domestic Product — Value US$ 1.51 million million USD (2024)
- Gross Domestic Product — Value US$ per capita 1,271 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 1,183 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.41 million million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita 3.54 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 437,904 million USD (2024)
Frequently asked questions
- What is total expenditure (highest government level) — value us$, 2015 prices in Least Developed Countries (LDCs)?
- Total expenditure (highest government level) — value us$, 2015 prices in Least Developed Countries (LDCs) was 248,289 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (highest government level) — value us$, 2015 prices recorded in Least Developed Countries (LDCs)?
- The highest recorded value was 248,289 million USD in 2024.
- What is the lowest total expenditure (highest government level) — value us$, 2015 prices recorded in Least Developed Countries (LDCs)?
- The lowest recorded value was 65,074 million USD in 2001.
- How does Least Developed Countries (LDCs) rank for total expenditure (highest government level) — value us$, 2015 prices?
- Least Developed Countries (LDCs) ranks 2nd out of 7 regions with data for 2024.
- Is total expenditure (highest government level) — value us$, 2015 prices rising or falling in Least Developed Countries (LDCs)?
- Over the last ten years it is up 24.3%. The long-run trend across the full record is rising.
- Where does this Least Developed Countries (LDCs) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (highest government level) — Value US$, 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.