Government Spending in European Union increased to 766147.70 EUR Million in the fourth quarter of 2019 from 760031.40 EUR Million in the third quarter of 2019.

Government Spending in European Union averaged 644107.44 EUR Million from 1995 until 2019, reaching an all time high of 766147.70 EUR Million in the fourth quarter of 2019 and a record low of 512028 EUR Million in the first quarter of 1995. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in European Union is expected to be 816000.00 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 European Union to stand at 831000.00 in 12 months time. In the long-term, the European Union Government Spending is projected to trend around 825200.00 EUR Million in 2021 and 826000.00 EUR Million in 2022, according to our econometric models.

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European Union Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
766147.70 760031.40 766147.70 512028.00 1995 - 2019 EUR Million Quarterly
Constant Prices 2015, SA

European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 79.30 80.40 87.00 58.10 percent [+]
Government Budget -0.80 -0.70 -0.70 -6.90 percent of GDP [+]
Government Spending 766147.70 760031.40 766147.70 512028.00 EUR Million [+]
Government Spending To GDP 45.80 45.80 51.10 44.80 percent [+]
Government Debt 13053825.90 12791055.80 13053825.90 5860726.10 EUR Million [+]
Credit Rating 98.00 [+]
Asylum Applications 66885.00 53155.00 167190.00 10785.00 persons [+]

European Union 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.