Barbados—Government Expense (% of GDP)
Barbados's government expense (% of GDP) was 28.8% in 2016. This represents a -1.5% change from 2015. Over the past 14 years, the highest recorded value was 34.0% (2009) and the lowest was 25.8% (2004). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2016 | 28.8% | -1.5% |
| 2015 | 29.2% | +5.6% |
| 2014 | 27.6% | -5.8% |
| 2013 | 29.3% | -1.7% |
| 2012 | 29.8% | +10.5% |
| 2011 | 27.0% | -5.7% |
| 2010 | 28.7% | -15.6% |
| 2009 | 34.0% | +10.1% |
| 2008 | 30.9% | +5.5% |
| 2007 | 29.2% | +8.7% |
| 2006 | 26.9% | -4.3% |
| 2005 | 28.1% | +9.0% |
| 2004 | 25.8% | -4.4% |
| 2003 | 27.0% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 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