Government Spending in Croatia decreased to 18789 HRK Million in the third quarter of 2020 from 19219 HRK Million in the second quarter of 2020. source: Croatian Bureau of Statistics

Government Spending in Croatia averaged 16337.52 HRK Million from 2000 until 2020, reaching an all time high of 19219 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 February of 2021.

Government Spending in Croatia is expected to be 18029.00 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 20255.00 in 12 months time. In the long-term, the Croatia Government Spending is projected to trend around 18534.00 HRK Million in 2021 and 18904.00 HRK Million in 2022, according to our econometric models.

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Croatia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
18789.00 19219.00 19219.00 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 -3875.00 -10591.00 5164.00 -10591.00 HRK Million [+]
Government Spending 18789.00 19219.00 19219.00 12514.00 HRK Million [+]
Government Spending to GDP 47.10 46.30 62.20 45.30 percent [+]
Government Revenues 45672.00 40803.00 49992.00 18203.00 HRK Million [+]
Government Debt 325923.80 325226.90 329086.90 26042.90 HRK Million [+]
Fiscal Expenditure 49548.00 51394.00 52342.00 19957.00 HRK Million [+]
Military Expenditure 827.00 784.00 2887.00 727.00 USD Million [+]
Credit Rating 51.00 [+]
Asylum Applications 265.00 50.00 395.00 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.