Government Spending in Armenia increased to 201203.20 AMD Million in the third quarter of 2019 from 176345.50 AMD Million in the second quarter of 2019. Armenia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Armenia averaged 105908.78 AMD Million from 2000 until 2019, reaching an all time high of 263855.40 AMD Million in the fourth quarter of 2017 and a record low of 15855.90 AMD Million in the first quarter of 2000. This page provides - Armenia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Armenia is expected to be 142814.00 AMD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Armenia to stand at 207642.00 in 12 months time. In the long-term, the Armenia Government Spending is projected to trend around 216778.00 AMD Million in 2021 and 226099.00 AMD Million in 2022, according to our econometric models.

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Armenia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
201203.20 176345.50 263855.40 15855.90 2000 - 2019 AMD Million Quarterly
Current Prices, NSA

Armenia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.