Total Expenditure (highest government level) — Value US$ in South America
South America: Total Expenditure (highest government level) — Value US$ was 1.42 million million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$ in South America, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
South America recorded 1.42 million million USD for total expenditure (highest government level) — value us$ in 2024.
Compared with earlier readings it is down 0.5% on the previous year and down 14.2% over ten years.
Over the whole period, total expenditure (highest government level) — value us$ in South America peaked at 1.65 million million USD in 2014 and was at its lowest, 293,386 million USD, in 2002.
South America ranks 16th of 33 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.
Total Expenditure (highest government level) — Value US$ in South America, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 398,369 million USD | — |
| 2002 | 293,386 million USD | -26.4% |
| 2003 | 319,761 million USD | +9.0% |
| 2004 | 405,010 million USD | +26.7% |
| 2005 | 513,035 million USD | +26.7% |
| 2006 | 703,008 million USD | +37.0% |
| 2007 | 839,741 million USD | +19.4% |
| 2008 | 1.05 million million USD | +24.8% |
| 2009 | 1.12 million million USD | +6.6% |
| 2010 | 1.30 million million USD | +16.3% |
| 2011 | 1.56 million million USD | +20.1% |
| 2012 | 1.53 million million USD | -1.9% |
| 2013 | 1.63 million million USD | +6.3% |
| 2014 | 1.65 million million USD | +1.6% |
| 2015 | 1.19 million million USD | -28.2% |
| 2016 | 1.18 million million USD | -0.6% |
| 2017 | 1.31 million million USD | +10.6% |
| 2018 | 1.23 million million USD | -6.0% |
| 2019 | 1.17 million million USD | -4.5% |
| 2020 | 1.04 million million USD | -11.5% |
| 2021 | 1.09 million million USD | +4.8% |
| 2022 | 1.27 million million USD | +16.7% |
| 2023 | 1.43 million million USD | +12.4% |
| 2024 | 1.42 million million USD | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 626,434 million USD | 293,386 million USD | 1.12 million million USD | 9 |
| 2010s | 1.37 million million USD | 1.17 million million USD | 1.65 million million USD | 10 |
| 2020s | 1.25 million million USD | 1.04 million million USD | 1.43 million million USD | 5 |
More economy & growth data for South America
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 110.42 USD (2024)
- Gross Fixed Capital Formation — Value US$ 753,486 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 682,399 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 17.32 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 17.35 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.51 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.12 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 1.83 % (2024)
- Gross Domestic Product — Annual growth US$ 2.44 % (2024)
- Gross Domestic Product — Value US$ per capita 9,997 USD (2024)
Frequently asked questions
- What is total expenditure (highest government level) — value us$ in South America?
- Total expenditure (highest government level) — value us$ in South America was 1.42 million 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 South America?
- The highest recorded value was 1.65 million million USD in 2014.
- What is the lowest total expenditure (highest government level) — value us$ recorded in South America?
- The lowest recorded value was 293,386 million USD in 2002.
- How does South America rank for total expenditure (highest government level) — value us$?
- South America ranks 16th out of 33 groups with data for 2024.
- Is total expenditure (highest government level) — value us$ rising or falling in South America?
- Over the last ten years it is down 14.2%. The long-run trend across the full record is rising.
- Where does this South America 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.
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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.