Government Spending in Croatia increased to 19060 HRK Million in the second quarter of 2020 from 18172 HRK Million in the first quarter of 2020.

Government Spending in Croatia averaged 16286.29 HRK Million from 2000 until 2020, reaching an all time high of 19060 HRK Million in the second quarter of 2020 and a record low of 12514 HRK Million in the third quarter of 2001. This page provides - Croatia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Croatia is expected to be 17104.00 HRK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Croatia to stand at 22681.00 in 12 months time. In the long-term, the Croatia Government Spending is projected to trend around 18990.00 HRK Million in 2021 and 19370.00 HRK Million in 2022, according to our econometric models.

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Croatia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
19060.00 18172.00 19060.00 12514.00 2000 - 2020 HRK Million Quarterly
Constant Prices, NSA

Croatia Government Last Previous Highest Lowest Unit
Government Debt to GDP 73.20 74.70 84.70 22.60 percent [+]
Government Budget 0.40 0.20 2.00 -7.90 percent of GDP [+]
Government Budget Value -3712.00 -2692.00 5129.00 -9374.00 HRK Million [+]
Government Spending 19060.00 18172.00 19060.00 12514.00 HRK Million [+]
Government Spending to GDP 47.10 46.30 62.20 45.30 percent [+]
Government Revenues 41930.00 49948.00 49948.00 21287.00 HRK Million [+]
Government Debt 304937.30 298803.50 304937.30 26042.90 HRK Million [+]
Fiscal Expenditure 45642.00 52640.00 52640.00 25454.00 HRK Million [+]
Military Expenditure 827.00 784.00 2887.00 727.00 USD Million [+]
Credit Rating 51.00 [+]
Asylum Applications 30.00 80.00 395.00 5.00 persons [+]

Croatia 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.