Total Expenditure (highest government level) — Value US$ in Caribbean
Caribbean: Total Expenditure (highest government level) — Value US$ was 139,235 million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$ in 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$ 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) — value us$ in Caribbean peaked at 168,665 million USD in 2023 and was at its lowest, 40,577 million USD, in 2001.
That places Caribbean 29th out of 33 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (highest government level) — Value US$ in Caribbean, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 40,577 million USD | — |
| 2002 | 47,292 million USD | +16.5% |
| 2003 | 50,275 million USD | +6.3% |
| 2004 | 55,774 million USD | +10.9% |
| 2005 | 63,589 million USD | +14.0% |
| 2006 | 68,221 million USD | +7.3% |
| 2007 | 74,609 million USD | +9.4% |
| 2008 | 82,670 million USD | +10.8% |
| 2009 | 85,564 million USD | +3.5% |
| 2010 | 89,264 million USD | +4.3% |
| 2011 | 93,312 million USD | +4.5% |
| 2012 | 101,230 million USD | +8.5% |
| 2013 | 103,505 million USD | +2.2% |
| 2014 | 108,240 million USD | +4.6% |
| 2015 | 110,712 million USD | +2.3% |
| 2016 | 114,384 million USD | +3.3% |
| 2017 | 122,922 million USD | +7.5% |
| 2018 | 122,364 million USD | -0.5% |
| 2019 | 124,732 million USD | +1.9% |
| 2020 | 129,936 million USD | +4.2% |
| 2021 | 145,608 million USD | +12.1% |
| 2022 | 147,207 million USD | +1.1% |
| 2023 | 168,665 million USD | +14.6% |
| 2024 | 139,235 million USD | -17.4% |
Averages by decade
| Decade | Average | Lowest | Highest | 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 |
More economy & growth data for Caribbean
- Gross Domestic Product, GDP in millions constant 2021 international $ 828,667 (2027)
- Gross Domestic Product — Value US$ per capita 13,606 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita 6.36 % (2024)
- Gross Domestic Product — Annual growth US$ 6.85 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 382,272 million USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 8,773 USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 16.77 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 0.3236 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.13 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 2.13 % change on previous year (2024)
Frequently asked questions
- What is total expenditure (highest government level) — value us$ in Caribbean?
- Total expenditure (highest government level) — 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) — 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) — 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) — value us$?
- Caribbean ranks 29th out of 33 countries with data for 2024.
- Is total expenditure (highest government level) — value us$ 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) — Value US$. 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.