Government Spending To GDP in European Union increased to 46.70 percent in 2019 from 46.60 percent in 2018. source: EUROSTAT

Government Spending To GDP in European Union averaged 48.24 percent from 1995 until 2019, reaching an all time high of 53.20 percent in 1995 and a record low of 45.60 percent in 2007. This page provides - European Union Government Spending To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending To GDP - values, historical data and charts - was last updated on February of 2021.

Government Spending To GDP in European Union is expected to reach 55.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Spending To GDP is projected to trend around 50.00 percent in 2021 and 46.00 percent in 2022, according to our econometric models.

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European Union Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
46.70 46.60 53.20 45.60 1995 - 2019 percent Yearly

European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 79.30 80.40 87.00 58.10 percent [+]
Government Budget -0.50 -0.40 -0.40 -7.20 percent of GDP [+]
Government Spending 692.60 664.95 692.60 463.71 EUR Billion [+]
Government Spending To GDP 46.70 46.60 53.20 45.60 percent [+]
Government Debt 10837934.00 10746456.00 10837934.00 5215364.00 EUR Million [+]
Credit Rating 98.00 [+]
Asylum Applications 7090.00 31585.00 162050.00 7090.00 persons [+]