The Government expenditure in China attained a value of USD 4,787,156.70 million in 2023
The indicator recorded a historical growth (CAGR) of 10% between 2020 to 2023, and is expected to grow by...
GlobalData projects the figure to grow at a CAGR of ...
The government expenditure in China was $4.0 trillion in 2021. Between 2018 and 2021, the government expenditure was highest in 2021 at $4.0 trillion and lowest in 2018 at $3.3 billion. The government expenditure increased by 9.3% on a YoY basis in 2021 and increased by 20.1% between 2018 and 2021.
Government expenditure in the country increased in recent years due to the impact of COVID-19 on the economy. Chinese government expenditure on healthcare increased from 4.2% of GDP in 2010 to 5.6% of GDP in 2021, according to GlobalData.
Government expenditure refers to the general government sector, which is a consolidation of accounts for the central, state, and local governments plus social security. Total outlays are defined as current outlays plus capital outlays.
Government spending is the total amount of public sector expenditure at any level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
The defense segment includes all military and civil defense spending, foreign military aid, research and development, and other defense related expenditure.
The education segment includes all spending on pre-primary, primary, secondary, and tertiary education, as well as education not definable by level, subsidiary services, research and development, and other education-related expenditure.
The social protection segment includes all spending on sickness and disability, old age, survivors, family and children, unemployment, housing, social exclusion, research and development, and other social protection expenditure.
The health segment includes all spending on medical products, appliances, and equipment, as well as outpatient, hospital, and public health services, research and development, and other health expenditure.
The other segment includes spending on general public services, public order and safety, economic affairs, environmental protection, housing and community amenities, and recreation, culture and religion, and other government expenditure.
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