Government Spending in Cyprus increased to 1008 EUR Million in the third quarter of 2019 from 899.30 EUR Million in the second quarter of 2019. Cyprus Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Cyprus averaged 626.79 EUR Million from 1995 until 2019, reaching an all time high of 1008 EUR Million in the third quarter of 2019 and a record low of 357.30 EUR Million in the first quarter of 1995. This page provides - Cyprus Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Cyprus is expected to be 862.00 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 Cyprus to stand at 1033.00 in 12 months time. In the long-term, the Cyprus Government Spending is projected to trend around 1059.00 EUR Million in 2021 and 1093.00 EUR Million in 2022, according to our econometric models.

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Cyprus Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1008.00 899.30 1008.00 357.30 1995 - 2019 EUR Million Quarterly
Constant Prices 2005, SA

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.