Government Spending in Guatemala increased to 52932.50 GTQ Million in 2019 from 27370.10 GTQ Million in 2018.

Government Spending in Guatemala averaged 22113.98 GTQ Million from 2001 until 2019, reaching an all time high of 52932.50 GTQ Million in 2019 and a record low of 13587 GTQ Million in 2004. This page provides - Guatemala Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Guatemala is expected to reach 50762.00 GTQ Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala Government Spending is projected to trend around 52590.00 GTQ Million in 2021 and 54378.00 GTQ Million in 2022, according to our econometric models.

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Guatemala Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
52932.50 27370.10 52932.50 13587.00 2001 - 2019 GTQ Million Yearly
Constant Prices, NSA

Guatemala Government Last Previous Highest Lowest Unit
Government Debt to GDP 27.88 26.04 50.45 20.04 percent [+]
Government Budget -2.30 -1.80 0.24 -3.30 percent of GDP [+]
Government Budget Value -4435.30 -1907.20 1704.90 -5318.00 GTQ Million [+]
Government Spending 52932.50 27370.10 52932.50 13587.00 GTQ Million [+]
Government Revenues 4055.10 3847.10 7490.40 451.00 GTQ Million [+]
Fiscal Expenditure 8490.30 8132.70 9915.20 228.60 GTQ Million [+]
Military Expenditure 275.00 275.00 654.00 109.00 USD Million [+]
Credit Rating 45.00 [+]

Guatemala 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.