St. Vincent and the Grenadines: Primary government expenditures as a proportion of original approved budget (%)

Key figures

Over five years it is up 26.94 percentage points from 75.31% in 2017. Since 2008 it is up 13.3 percentage points from 88.95% in 2008. The World Bank has no value for 5 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

On record, the biggest yearly rise was 27.67 percentage points in 2019 and the biggest yearly fall was 10.97 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

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

How it compares

In 2022, St. Vincent and the Grenadines had the 21st highest value of the 46 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 St. Vincent and the Grenadines in the 2022 ranking

• El Salvador — 17th of 46: 104.92%
• Tunisia — 18th of 46: 103.18%
• South Africa — 19th of 46: 102.9%
• Belize — 21st of 46: 101.14%
• Kiribati — 22nd of 46: 100.77%
• Ecuador — 23rd of 46: 100.67%

What this measures

Primary government expenditures as a proportion of original approved budget measures the extent to which aggregate budget expenditure outturn reflects the amount originally approved, as defined in government budget documentation and fiscal reports. The coverage is budgetary central government (BCG) and the time period covered is the last three completed fiscal years.

Limitations: Although not all countries have used the PEFA methodology on an annual basis for the PEFA PI-1 indicator, the methodology relies on standard data sets for approved and final budget outturns which are commonly produced at least annually in every country. The countries that have not used the methodology to date are primarily highly developed countries which would have less difficulty in providing the necessary data than those in the lower and middle income categories that have been primary users of Public Expenditure and Financial Accountability (PEFA) to date. (As of: 2024-07-29) One limitation of the indicator is that it is an aggregate indicator of budget reliability.

All 10 values

Primary government expenditures as a proportion of original approved budget (%) in nearby economies

• Antigua and Barbuda — 95.49% (2019)
• Argentina — 128.21% (2021)
• Belize — 101.14% (2022)
• Bolivia — 82.65% (2022)
• Brazil — 100.83% (2021)
• Chile — 100.6% (2022)
• Colombia — 88.98% (2022)
• Costa Rica — 95.59% (2021)

More public sector data for St. Vincent and the Grenadines

• Intentional homicides (per 100,000 people) — 51.32 (2023)
• Grants and other revenue (current LCU) — 68.92 million (2017)
• Grants and other revenue (% of revenue) — 11.27% (2017)
• Revenue, excluding grants (current LCU) — 582.62 million (2017)
• Revenue, excluding grants (% of GDP) — 25.57% (2017)
• Taxes on goods and services (current LCU) — 265.65 million (2017)
• Taxes on goods and services (% of revenue) — 43.46% (2017)
• Taxes on goods and services (% of industry and services value added) — 14.92% (2017)

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Questions people ask

What is St. Vincent and the Grenadines's primary government expenditures as a proportion of original approved budget (%)?

102.26% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 13.3 percentage points from 88.95% in 2008. The highest value was 113.22% in 2021 and the lowest 65.31% in 2016.

How does St. Vincent and the Grenadines rank?

21st highest of 46 economies with data for 2022.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Public Expenditure and Financial Accountability (PEFA), World Bank (WB), uri: https://www.pefa.org/node/5239, note: The raw data collected in order to calculate this indicator are the initially Approved and Executed Budgets..

Source

World Bank, World Development Indicators, indicator GF.XPD.BUDG.ZS, licensed CC BY 4.0. Original source: Public Expenditure and Financial Accountability (PEFA), World Bank (WB), uri: https://www.pefa.org/node/5239, note: The raw data collected in order to calculate this indicator are the initially Approved and Executed Budgets. 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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