Government Spending in Cyprus increased to 899.30 EUR Million in the second quarter of 2019 from 854.60 EUR Million in the first quarter of 2019. Government Spending in Cyprus averaged 622.91 EUR Million from 1995 until 2019, reaching an all time high of 899.30 EUR Million in the second quarter of 2019 and a record low of 357.30 EUR Million in the first quarter of 1995.

Government Spending in Cyprus is expected to be 828.62 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 Cyprus to stand at 880.24 in 12 months time. In the long-term, the Cyprus Government Spending is projected to trend around 990.34 EUR Million in 2020, according to our econometric models.

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Cyprus Government Spending
Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 102.50 95.80 108.00 45.60 percent [+]
Government Budget -4.80 1.80 3.20 -9.00 percent of GDP [+]
Government Budget Value 371.80 94.10 478.20 -1522.40 EUR Million [+]
Government Spending 899.30 854.60 899.30 357.30 EUR Million [+]
Government Spending to GDP 44.70 37.40 48.80 30.90 percent [+]
Government Revenues 2435.80 1990.70 2435.80 461.80 EUR Million [+]
Fiscal Expenditure 2064.00 1896.60 3445.80 475.10 EUR Million [+]
Military Expenditure 360.00 357.00 918.00 79.60 USD Million [+]
Credit Rating 36.25 [+]
Asylum Applications 1125.00 1185.00 1220.00 65.00 persons [+]


Cyprus 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. This page provides - Cyprus Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Spending - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
899.30 854.60 899.30 357.30 1995 - 2019 EUR Million Quarterly
Constant Prices 2005, SA




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Euro Area 577.08 Jun/19 575
France 137592.00 Sep/19 136971
Germany 163.06 Jun/19 162
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Japan 109716.40 Sep/19 109125
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Singapore 12496.60 Jun/19 12430
South Africa 651189.00 Jun/19 646677
South Korea 76683.40 Sep/19 75743
Spain 58969.00 Sep/19 58422
Switzerland 19989.06 Jun/19 19966
Turkey 62009834.30 Jun/19 58333949
United Kingdom 99745.00 Sep/19 99449
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