Total Expenditure (highest government level) β€” Value US$ in Caribbean

Caribbean: Total Expenditure (highest government level) β€” Value US$ was 139,235 million USD in 2024. β–² Rising

Latest (2024)
139,235 million USD
Change on year
down 17.4%
World rank
2nd
of 5 countries
All-time high
168,665 million USD
in 2023
All-time low
40,577 million USD
in 2001
Years of data
24
2001–2024

Total Expenditure (highest government level) β€” Value US$ in Caribbean, 2001–2024

50.0k100.0k150.0k2001201220242001: 40.6k million USD2002: 47.3k million USD2003: 50.3k million USD2004: 55.8k million USD2005: 63.6k million USD2006: 68.2k million USD2007: 74.6k million USD2008: 82.7k million USD2009: 85.6k million USD2010: 89.3k million USD2011: 93.3k million USD2012: 101.2k million USD2013: 103.5k million USD2014: 108.2k million USD2015: 110.7k million USD2016: 114.4k million USD2017: 122.9k million USD2018: 122.4k million USD2019: 124.7k million USD2020: 129.9k million USD2021: 145.6k million USD2022: 147.2k million USD2023: 168.7k million USD2024: 139.2k million USD

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

In 2024, total expenditure (highest government level) β€” value us$ in Caribbean stood at 139,235 million USD.

That represents a change of down 17.4% on the previous year and up 28.6% over ten years.

Over the whole period, total expenditure (highest government level) β€” value us$ in Caribbean peaked at 168,665 million USD in 2023 and was at its lowest, 40,577 million USD, in 2001.

The long-run direction has been consistently rising across the 24 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 63,175 million USD 40,577 million USD 85,564 million USD 9
2010s 109,066 million USD 89,264 million USD 124,732 million USD 10
2020s 146,130 million USD 129,936 million USD 168,665 million USD 5

Countries ranked near Caribbean

  1. 1 Australia and New Zealand 781,451 million USD compare
  2. 3 Melanesia 13,588 million USD compare
  3. 4 Polynesia 873.23 million USD compare
  4. 5 Micronesia 872.12 million USD compare

See the full ranking of 41 places β†’

More economy & growth data for Caribbean

All data for Caribbean β†’

Frequently asked questions

What is total expenditure (highest government level) β€” value us$ in Caribbean?
Total expenditure (highest government level) β€” value us$ in Caribbean was 139,235 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest total expenditure (highest government level) β€” value us$ recorded in Caribbean?
The highest recorded value was 168,665 million USD in 2023.
What is the lowest total expenditure (highest government level) β€” value us$ recorded in Caribbean?
The lowest recorded value was 40,577 million USD in 2001.
How does Caribbean rank for total expenditure (highest government level) β€” value us$?
Caribbean ranks 2nd out of 5 countries with data for 2024.
Is total expenditure (highest government level) β€” value us$ rising or falling in Caribbean?
Over the last ten years it is up 28.6%. The long-run trend across the full record is rising.
Where does this 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) β€” Value US$. Statizoid updates them automatically from the source API.

Download this data

CSV Β· JSON β€” 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).

About this data

Indicator
Total Expenditure (highest government level) β€” Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
41 places, 984 data points, 2001–2024
Last refreshed

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.