Total Expenditure (highest government level) — Value US$, 2015 prices in Melanesia
Melanesia: Total Expenditure (highest government level) — Value US$, 2015 prices was 11,360 million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$, 2015 prices in Melanesia, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Melanesia recorded 11,360 million USD for total expenditure (highest government level) — value us$, 2015 prices in 2024.
Compared with earlier readings it is down 0.4% on the previous year and up 14.5% over ten years.
Over the whole period, total expenditure (highest government level) — value us$, 2015 prices in Melanesia peaked at 11,630 million USD in 2020 and was at its lowest, 5,578 million USD, in 2003.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (highest government level) — Value US$, 2015 prices in Melanesia, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 5,822 million USD | — |
| 2002 | 5,949 million USD | +2.2% |
| 2003 | 5,578 million USD | -6.2% |
| 2004 | 6,357 million USD | +14.0% |
| 2005 | 7,614 million USD | +19.8% |
| 2006 | 6,955 million USD | -8.7% |
| 2007 | 7,349 million USD | +5.7% |
| 2008 | 7,654 million USD | +4.1% |
| 2009 | 7,863 million USD | +2.7% |
| 2010 | 8,137 million USD | +3.5% |
| 2011 | 9,760 million USD | +19.9% |
| 2012 | 8,941 million USD | -8.4% |
| 2013 | 9,853 million USD | +10.2% |
| 2014 | 9,922 million USD | +0.7% |
| 2015 | 10,432 million USD | +5.1% |
| 2016 | 9,840 million USD | -5.7% |
| 2017 | 10,527 million USD | +7.0% |
| 2018 | 10,595 million USD | +0.7% |
| 2019 | 11,351 million USD | +7.1% |
| 2020 | 11,630 million USD | +2.5% |
| 2021 | 10,645 million USD | -8.5% |
| 2022 | 11,313 million USD | +6.3% |
| 2023 | 11,406 million USD | +0.8% |
| 2024 | 11,360 million USD | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6,793 million USD | 5,578 million USD | 7,863 million USD | 9 |
| 2010s | 9,936 million USD | 8,137 million USD | 11,351 million USD | 10 |
| 2020s | 11,271 million USD | 10,645 million USD | 11,630 million USD | 5 |
More economy & growth data for Melanesia
- Gross Domestic Product — Annual growth US$, 2015 prices 3.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 2.11 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 15.03 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 13.74 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,546 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 7,131 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.97 % (2024)
- Gross Domestic Product — Value US$ per capita 4,008 USD (2024)
- Gross Domestic Product — Value US$ 51,880 million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 43,564 million USD (2024)
Frequently asked questions
- What is total expenditure (highest government level) — value us$, 2015 prices in Melanesia?
- Total expenditure (highest government level) — value us$, 2015 prices in Melanesia was 11,360 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (highest government level) — value us$, 2015 prices recorded in Melanesia?
- The highest recorded value was 11,630 million USD in 2020.
- What is the lowest total expenditure (highest government level) — value us$, 2015 prices recorded in Melanesia?
- The lowest recorded value was 5,578 million USD in 2003.
- How does Melanesia rank for total expenditure (highest government level) — value us$, 2015 prices?
- Melanesia ranks 5th out of 7 regions with data for 2024.
- Is total expenditure (highest government level) — value us$, 2015 prices rising or falling in Melanesia?
- Over the last ten years it is up 14.5%. The long-run trend across the full record is rising.
- Where does this Melanesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (highest government level) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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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.