In 2024, Italy leads with the highest government expenditure on housing and community amenities, standing out significantly with a value of 4.49% of GDP. Chile, Latvia, and the United Kingdom follow, although they remain under 1%. The United States records a 3% increase, reaching 0.58%. Israel marks a notable negative value at -0.82%, reflecting unique fiscal dynamics. Over the past year, Italy experienced a dramatic rise of 60.17%, while Latvia and Poland faced declines, highlighting regional contrasts. Over the last five years, expenditures show varied CAGR, with Italy's leading growth and others stagnating or declining.
Future trends to watch include potential shifts in government priorities, economic conditions, and policy adjustments which might influence these expenditures. Italy's sharp increase suggests potential volatility, while emerging markets like Colombia and significant countries like the United States indicate stable yet minimal changes. Monitoring such dynamics will be crucial for assessing future strategic government spending globally.
Top countries in General Government Expenditure on Housing and Community Amenities by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4.49 | 2023 | +36.64% | +60.17% | View data |
| 2 | 2 Chile | 0.91 | 2023 | +0.73% | +1.51% | View data |
| 3 | 3 Latvia | 0.88 | 2023 | +5.77% | -4.74% | View data |
| 4 | 4 United Kingdom | 0.87 | 2023 | +2.68% | +5.29% | View data |
| 5 | 5 Costa Rica | 0.71 | 2023 | -1.5% | -1.86% | View data |
| 6 | 6 Sweden | 0.68 | 2023 | -0.97% | -1.16% | View data |
| 7 | 7 Australia | 0.67 | 2023 | +0.12% | +2.02% | View data |
| 8 | 8 Norway | 0.63 | 2023 | -0.032% | -4.28% | View data |
| 9 | 9 Lithuania | 0.62 | 2023 | -0.81% | +4.39% | View data |
| 10 | 10 United States | 0.58 | 2023 | +8.93% | +3% | View data |
