Government Spending in Austria increased to 17493.54 EUR Million in the third quarter of 2019 from 17327.95 EUR Million in the second quarter of 2019. Government Spending in Austria averaged 12875.24 EUR Million from 1988 until 2019, reaching an all time high of 17493.54 EUR Million in the third quarter of 2019 and a record low of 7710 EUR Million in the third quarter of 1988.

Government Spending in Austria is expected to be 15769.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Austria to stand at 17773.00 in 12 months time. In the long-term, the Austria Government Spending is projected to trend around 18275.00 EUR Million in 2020, according to our econometric models.

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Austria Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
17493.54 17327.95 17493.54 7710.00 1988 - 2019 EUR Million Quarterly
Constant Prices, NSA

Austria 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.

Austria Government Last Previous Highest Lowest Unit
Government Debt to GDP 73.80 78.20 84.70 56.10 percent [+]
Government Budget 0.10 -0.80 0.10 -6.10 percent of GDP [+]
Government Budget Value 2048.00 -303.00 5384.00 -7614.00 EUR Million [+]
Government Spending 17493.54 17327.95 17493.54 7710.00 EUR Million [+]
Government Spending to GDP 48.50 49.20 56.40 47.30 percent [+]
Government Revenues 8774.00 5963.00 67515.00 1966.00 EUR Million [+]
Fiscal Expenditure 6726.00 6266.00 72598.00 3970.00 EUR Million [+]
Military Expenditure 3140.00 3138.00 3488.00 1178.00 USD Million [+]
Credit Rating 96.00 [+]
Asylum Applications 850.00 1000.00 12015.00 740.00 persons [+]
Government Debt 285287.00 289843.00 296203.00 27002.00 EUR Million [+]