China: Government spending, in dollars
* indicates monthly or quarterly data series
China |
Government spending, billion USD |
---|---|
Latest value | 2,870.05 |
Year | 2022 |
Measure | billion U.S. dollars |
Data availability | 1960 - 2022 |
Average | 485.31 |
Min - Max | 5.99 - 2,870.05 |
Source | The World Bank |
The latest value from 2022 is 2870.05 billion U.S. dollars, an increase from 2817.08 billion U.S. dollars in 2021. In comparison, the world average is 104.05 billion U.S. dollars, based on data from 155 countries. Historically, the average for China from 1960 to 2022 is 485.31 billion U.S. dollars. The minimum value, 5.99 billion U.S. dollars, was reached in 1962 while the maximum of 2870.05 billion U.S. dollars was recorded in 2022.
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* indicates monthly or quarterly data series
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Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 16.01 | 2022 | percent |
Government spending, in dollars | 2,870.05 | 2022 | billion U.S. dollars |
Fiscal balance, percent of GDP | -4.60 | 2023 | percent |
Government debt | 83.64 | 2023 | percent |
Long-term interest rate | 2.15 | 7/2024 | percent |
Tax revenue | 7.97 | 2021 | percent |
Commercial tax rate | 59.20 | 2019 | percent |
Tax preparation time | 138 | 2019 | hours |
Number of taxes | 7 | 2019 | taxes |
Taxes on goods and services | 31.23 | 2021 | percent |
Taxes on international trade | 1.67 | 2021 | percent |
Income and profits taxes | 20.39 | 2021 | percent |
Foreign aid | -565.36 | 2021 | million U.S. dollars |