Total Expenditure (highest government level) — Value US$, 2015 prices in Oceania
Oceania: Total Expenditure (highest government level) — Value US$, 2015 prices was 661,750 million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$, 2015 prices in Oceania, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total expenditure (highest government level) — value us$, 2015 prices in Oceania is 661,750 million USD, measured in 2024. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 29.5% over ten years.
Over the whole period, total expenditure (highest government level) — value us$, 2015 prices in Oceania peaked at 661,750 million USD in 2024 and was at its lowest, 333,018 million USD, in 2001.
That places Oceania 21st out of 33 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (highest government level) — Value US$, 2015 prices in Oceania, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 333,018 million USD | — |
| 2002 | 340,022 million USD | +2.1% |
| 2003 | 345,527 million USD | +1.6% |
| 2004 | 357,617 million USD | +3.5% |
| 2005 | 366,536 million USD | +2.5% |
| 2006 | 355,946 million USD | -2.9% |
| 2007 | 367,528 million USD | +3.3% |
| 2008 | 375,536 million USD | +2.2% |
| 2009 | 426,055 million USD | +13.5% |
| 2010 | 420,466 million USD | -1.3% |
| 2011 | 445,897 million USD | +6.0% |
| 2012 | 466,225 million USD | +4.6% |
| 2013 | 486,604 million USD | +4.4% |
| 2014 | 510,886 million USD | +5.0% |
| 2015 | 529,177 million USD | +3.6% |
| 2016 | 526,353 million USD | -0.5% |
| 2017 | 538,530 million USD | +2.3% |
| 2018 | 547,064 million USD | +1.6% |
| 2019 | 569,549 million USD | +4.1% |
| 2020 | 642,923 million USD | +12.9% |
| 2021 | 657,094 million USD | +2.2% |
| 2022 | 629,794 million USD | -4.2% |
| 2023 | 630,328 million USD | +0.1% |
| 2024 | 661,750 million USD | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 363,087 million USD | 333,018 million USD | 426,055 million USD | 9 |
| 2010s | 504,075 million USD | 420,466 million USD | 569,549 million USD | 10 |
| 2020s | 644,378 million USD | 629,794 million USD | 661,750 million USD | 5 |
More economy & growth data for Oceania
- Gross Domestic Product — Value US$, 2015 prices 1.79 million million USD (2024)
- Gross Fixed Capital Formation — Value US$ 538,945 million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.3 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.09 % (2024)
- Gross Domestic Product — Annual growth US$ 3.27 % (2024)
- Gross Domestic Product — Value US$ per capita 47,045 USD (2024)
- Gross Domestic Product — Value US$ 2.16 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4.38 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.1357 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 39,068 USD (2024)
Frequently asked questions
- What is total expenditure (highest government level) — value us$, 2015 prices in Oceania?
- Total expenditure (highest government level) — value us$, 2015 prices in Oceania was 661,750 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$, 2015 prices recorded in Oceania?
- The highest recorded value was 661,750 million USD in 2024.
- What is the lowest total expenditure (highest government level) — value us$, 2015 prices recorded in Oceania?
- The lowest recorded value was 333,018 million USD in 2001.
- How does Oceania rank for total expenditure (highest government level) — value us$, 2015 prices?
- Oceania ranks 21st out of 33 groups with data for 2024.
- Is total expenditure (highest government level) — value us$, 2015 prices rising or falling in Oceania?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is rising.
- Where does this Oceania 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.