Nicaragua—Government Expense (% of GDP)
Nicaragua's government expense (% of GDP) was 16.3% in 2023, ranking #116 out of 138 countries. This represents a -2.4% change from 2022. Over the past 24 years, the highest recorded value was 17.2% (2021) and the lowest was 12.2% (2002). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 16.3% | -2.4% |
| 2022 | 16.7% | -2.8% |
| 2021 | 17.2% | +4.6% |
| 2020 | 16.4% | -0.2% |
| 2019 | 16.5% | -2.3% |
| 2018 | 16.8% | +2.0% |
| 2017 | 16.5% | +0.8% |
| 2016 | 16.4% | +2.9% |
| 2015 | 15.9% | +3.2% |
| 2014 | 15.4% | +2.2% |
| 2013 | 15.1% | -0.9% |
| 2012 | 15.2% | +1.7% |
| 2011 | 15.0% | -0.1% |
| 2010 | 15.0% | -3.3% |
| 2009 | 15.5% | +1.9% |
| 2008 | 15.2% | +3.5% |
| 2007 | 14.7% | -2.5% |
| 2006 | 15.1% | +9.9% |
| 2005 | 13.7% | +6.1% |
| 2004 | 12.9% | -1.7% |
| 2003 | 13.2% | +7.8% |
| 2002 | 12.2% | -15.4% |
| 2001 | 14.4% | +13.6% |
| 2000 | 12.7% |
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