Argentina—Government Expense (% of GDP)
Argentina's government expense (% of GDP) was 21.0% in 2023, ranking #92 out of 138 countries. This represents a -3.9% change from 2022. Over the past 15 years, the highest recorded value was 26.2% (2016) and the lowest was 16.8% (2000). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 21.0% | -3.9% |
| 2022 | 21.9% | -4.5% |
| 2021 | 22.9% | -11.4% |
| 2020 | 25.8% | +17.3% |
| 2019 | 22.0% | -2.8% |
| 2018 | 22.7% | -6.6% |
| 2017 | 24.3% | -7.2% |
| 2016 | 26.2% | +4.7% |
| 2015 | 25.0% | +1.8% |
| 2014 | 24.6% | +45.6% |
| 2004 | 16.9% | -14.9% |
| 2003 | 19.8% | +0.8% |
| 2002 | 19.7% | +15.8% |
| 2001 | 17.0% | +0.9% |
| 2000 | 16.8% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP