San Marino: Expense (current LCU)

Key figures

What the numbers say

In 2023, San Marino's expense (current LCU) fell 2.2% on 2022 (from 776.49 million to 759.13 million).

Across the 20 yearly changes before that (2003 to 2022), the average change was +3% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 12.7% in 2004 and the biggest yearly fall was 6.8% in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 22.42 million a year. A straight line explains 86% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, San Marino had the 78th highest value of the 80 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to San Marino in the 2023 ranking

• Fiji — 75th of 80: 3.42 billion
• Bahamas, The — 76th of 80: 3.11 billion
• Samoa — 77th of 80: 761.33 million
• Tonga — 79th of 80: 483.79 million
• Kiribati — 80th of 80: 367.36 million

What this measures

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 23 values

Expense (current LCU) in nearby economies

• Albania — 601.38 billion (2023)
• Armenia — 1.99 trillion (2023)
• Austria — 219.95 billion (2023)
• Azerbaijan — 30.83 billion (2022)
• Belarus — 62.05 billion (2023)
• Belgium — 223.05 billion (2022)
• Bosnia and Herzegovina — 17.62 billion (2023)
• Bulgaria — 33.8 billion (2023)
• Croatia — 30.19 billion (2023)
• Cyprus — 12.48 billion (2023)
• Czechia — 2.43 trillion (2022)
• Denmark

More public sector data for San Marino

• Central government debt, total (current LCU) — 1.77 billion (2024)
• Grants and other revenue (current LCU) — 203.86 million (2024)
• Grants and other revenue (% of revenue) — 26.04% (2024)
• Social contributions (current LCU) — 240.73 million (2024)
• Social contributions (% of revenue) — 30.75% (2024)
• Revenue, excluding grants (current LCU) — 778.32 million (2024)
• Taxes on goods and services (current LCU) — 147.33 million (2024)
• Taxes on goods and services (% of revenue) — 18.82% (2024)
• Customs and other import duties (current LCU) — 2.33 million (2024)

Reading data like this

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Questions people ask

What is San Marino's expense (current LCU)?

759.13 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 99.81% from 400.2 billion in 1995 (20.06% a year on average, compounded). The highest value was 400.2 billion in 1995 and the lowest 407.25 million in 2003.

How does San Marino rank?

78th highest of 80 economies with data for 2023.

Is the latest change in expense (current LCU) unusual for San Marino?

In 2023, San Marino's expense (current LCU) fell 2.2% on 2022 (from 776.49 million to 759.13 million). Across the 20 yearly changes before that (2003 to 2022), the average change was +3% and a typical year strayed about 5.1% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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