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SpainGovernment Expense (% of GDP)

Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #39 of 138Series years: 20042023
Latest Value
34.0%
2023
YoY Change
-3.7%
20222023
Global Rank
#39
of 138 countries
Maximum
40.4%
2020
Minimum
27.2%
2006
CAGR
+0.9%
20 years
Last
34.0%
Previous
35.3%
Highest
40.4%
Lowest
27.2%
Unit
% of GDP
Source
World Bank World Development Indicators

Spain's government expense (% of GDP) was 34.0% in 2023, ranking #39 out of 138 countries. This represents a -3.7% change from 2022. Over the past 20 years, the highest recorded value was 40.4% (2020) and the lowest was 27.2% (2006). Data sourced from the World Bank World Development Indicators.

Spain — Government Expense (% of GDP): 34.0441499010857 % of GDP for reference year 2023. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators

Historical Data

YearValueChange
202334.0%-3.7%
202235.3%-7.9%
202138.4%-5.0%
202040.4%+25.7%
201932.1%+1.2%
201831.7%+1.2%
201731.4%-3.3%
201632.4%-0.7%
201532.7%-5.4%
201434.5%-2.3%
201335.3%-7.1%
201238.0%+21.9%
201131.2%-0.9%
201031.5%-2.9%
200932.4%+13.3%
200828.6%+4.3%
200727.4%+0.8%
200627.2%-0.3%
200527.3%-5.5%
200428.9%

Top Countries — Government Expense (% of GDP)

#CountryValueYear
1Naoero103.6%2020
2Kiribati83.7%2023
3Ukraine65.6%2023
4Marshall Islands59.4%2020
5Palau59.0%2020
6Timor-Leste52.5%2022
7Greece47.3%2023
8Italy47.3%2023
9France47.3%2023
10Austria46.0%2023
View all 138 countries →

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

Source: World Bank (World Development Indicators)View original source →