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

Oceania: Total Expenditure (highest government level) β€” Value US$ was 796,784 million USD in 2024. β–² Rising

Latest (2024)
796,784 million USD
Change on year
up 7.0%
Rank
21st
of 36 groups
All-time high
802,786 million USD
in 2021
All-time low
155,857 million USD
in 2001
Years of data
24
2001–2024

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

200.0k400.0k600.0k800.0k2001201220242001: 155.9k million USD2002: 172.4k million USD2003: 217.2k million USD2004: 264.6k million USD2005: 295.3k million USD2006: 294.1k million USD2007: 353.4k million USD2008: 377.4k million USD2009: 399.8k million USD2010: 488.2k million USD2011: 588.8k million USD2012: 621.6k million USD2013: 623.1k million USD2014: 614.7k million USD2015: 529.2k million USD2016: 539.0k million USD2017: 578.9k million USD2018: 592.2k million USD2019: 587.3k million USD2020: 674.4k million USD2021: 802.8k million USD2022: 752.7k million USD2023: 744.3k million USD2024: 796.8k million USD

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

Analysis

The most recent figure for total expenditure (highest government level) β€” value us$ in Oceania is 796,784 million USD, measured in 2024.

That represents a change of up 7.0% on the previous year and up 29.6% over ten years.

Over the whole period, total expenditure (highest government level) β€” value us$ in Oceania peaked at 802,786 million USD in 2021 and was at its lowest, 155,857 million USD, in 2001.

Oceania ranks 21st of 36 groups on this measure, in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 281,124 million USD 155,857 million USD 399,781 million USD 9
2010s 576,290 million USD 488,208 million USD 623,062 million USD 10
2020s 754,205 million USD 674,388 million USD 802,786 million USD 5

More economy & growth data for Oceania

All data for Oceania β†’

Frequently asked questions

What is total expenditure (highest government level) β€” value us$ in Oceania?
Total expenditure (highest government level) β€” value us$ in Oceania was 796,784 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 Oceania?
The highest recorded value was 802,786 million USD in 2021.
What is the lowest total expenditure (highest government level) β€” value us$ recorded in Oceania?
The lowest recorded value was 155,857 million USD in 2001.
How does Oceania rank for total expenditure (highest government level) β€” value us$?
Oceania ranks 21st out of 36 groups with data for 2024.
Is total expenditure (highest government level) β€” value us$ rising or falling in Oceania?
Over the last ten years it is up 29.6%. 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) 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.