Spain recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2018. Government Budget in Spain averaged -3.77 percent of GDP from 1995 until 2018, reaching an all time high of 2.20 percent of GDP in 2006 and a record low of -11 percent of GDP in 2009. source: Bank of Spain

Government Budget in Spain is expected to be -2.30 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Budget is projected to trend around -2.40 percent of GDP in 2020, according to our econometric models.


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Spain Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -3.00 2.20 -11.00 1995 - 2018 percent of GDP Yearly


Spain Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 97.60 98.60 100.40 16.60 percent [+]
Government Budget -2.50 -3.00 2.20 -11.00 percent of GDP [+]
Government Budget Value -10987.00 -6303.00 12365.00 -99130.00 EUR Million [+]
Government Spending 58423.00 58063.00 58423.00 19902.00 EUR Million [+]
Government Spending to GDP 41.30 41.00 48.10 38.30 percent [+]
Government Debt 1207754952.00 1210915185.00 1210915185.00 136774640.00 EUR Thousand [+]
Military Expenditure 17039.00 16044.00 18833.00 2399.00 USD Million [+]
Credit Rating 70.00 [+]
Asylum Applications 10490.00 13850.00 13850.00 145.00 persons [+]