Government expense in Micronesia (subregion) in 2020 — 55.83%. Since 2014, the indicator has risen by 12 pp.
2014–2020 · % of GDP
How the value compares with the world and the groups this territory belongs to: Micronesia (subregion)
| Year | % | Change, pp |
|---|---|---|
| 2020 | 55.83 | +5.58 pp |
| 2019 | 50.26 | +3.98 pp |
| 2018 | 46.28 | −1.71 pp |
| 2017 | 47.99 | +1.84 pp |
| 2016 | 46.15 | +1.37 pp |
| 2015 | 44.78 | +0.95 pp |
| 2014 | 43.84 | — |
Central government expense as a percent of GDP: compensation of public employees, purchases of goods and services, interest on debt, subsidies, grants and social benefits. The indicator is broader than government consumption from the national accounts, because it includes transfers — pensions and benefits — which the accounts record as household income. The quantity is closely tied to the level of income: in advanced countries it is usually twice as high as in the poorest ones.
Important: Central government only. In federations the spending of regions is not included here, so comparing unitary and federal states by this indicator calls for a caveat.
Source: World Development Indicators (World Bank), license CC BY 4.0.