Marshall Islands—Government Expense (% of GDP)
Marshall Islands's government expense (% of GDP) was 59.4% in 2020, ranking #4 out of 138 countries. This represents a -8.9% change from 2019. Over the past 13 years, the highest recorded value was 65.3% (2019) and the lowest was 49.2% (2014). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2020 | 59.4% | -8.9% |
| 2019 | 65.3% | +5.7% |
| 2018 | 61.7% | +1.6% |
| 2017 | 60.8% | +7.7% |
| 2016 | 56.4% | +1.8% |
| 2015 | 55.4% | +12.6% |
| 2014 | 49.2% | -9.3% |
| 2013 | 54.2% | +1.6% |
| 2012 | 53.4% | -2.0% |
| 2011 | 54.4% | +0.1% |
| 2010 | 54.4% | -9.1% |
| 2009 | 59.8% | -3.6% |
| 2008 | 62.0% |
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