The data for 2023 indicates a significant variance in government expenditures on general economic, commercial, and labour affairs among countries. France led with the highest expenditure, followed by Spain and Germany, while Ireland showed the largest decline. France also experienced the highest growth rate at 5.78%, contrasting with sharp decreases in Ireland and Japan. Over the last five years, compound annual growth rates reveal a mixed landscape, with some countries showing positive trends like France and Luxembourg, while others displayed negative trajectories such as Japan and Ireland.
Future trends to watch for include:
- Potential recovery in Japan and Ireland's expenditures as regions recover from significant declines.
- Continued growth in emerging markets like Poland and Romania, possibly closing the gap with Western European countries.
- Global economic shifts due to political or economic events impacting allocations in economic and commercial affairs sectors.
Top countries in Government Expenditures on General Economic, Commercial and Labour Affairs Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 31.88 | 2023 | +3.72% | +5.78% | View data |
| 2 | 2 Spain | 9.44 | 2023 | -0.33% | +0.45% | View data |
| 3 | 3 Germany | 9.34 | 2023 | -2.49% | -5.73% | View data |
| 4 | 4 United Kingdom | 9.32 | 2023 | +0.53% | +1.31% | View data |
| 5 | 5 Belgium | 9.16 | 2023 | +1.6% | +1.89% | View data |
| 6 | 6 Italy | 4.27 | 2023 | +1.84% | +1.35% | View data |
| 7 | 7 Poland | 3.36 | 2023 | +1.72% | +4.75% | View data |
| 8 | 8 Austria | 3.11 | 2023 | -1% | -0.73% | View data |
| 9 | 9 Sweden | 3.06 | 2023 | +2.5% | +2.96% | View data |
| 10 | 10 Australia | 2.51 | 2023 | +1.79% | +1.63% | View data |
