Government Spending In the Euro Area decreased to 601.39 EUR Billion in the first quarter of 2021 from 601.55 EUR Billion in the fourth quarter of 2020. source: EUROSTAT

Government Spending in the Euro Area averaged 502.41 EUR Billion from 1995 until 2021, reaching an all time high of 601.55 EUR Billion in the fourth quarter of 2020 and a record low of 401.24 EUR Billion in the first quarter of 1995. This page provides the latest reported value for - Euro Area Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Euro Area is expected to be 609.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Euro Area to stand at 602.00 in 12 months time. In the long-term, the Euro Area Government Spending is projected to trend around 600.00 EUR Billion in 2022 and 606.00 EUR Billion in 2023, according to our econometric models.

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Euro Area Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
601.39 601.55 601.55 401.24 1995 - 2021 EUR Billion Quarterly
Constant Prices 2015, SA

Euro Area Government Last Previous Highest Lowest Unit
Government Debt to GDP 98.00 83.90 98.00 66.00 percent of GDP [+]
Government Budget -7.20 -0.60 -0.50 -7.30 percent of GDP [+]
Government Spending 601.39 601.55 601.55 401.24 EUR Billion [+]
Government Spending to GDP 54.10 47.00 54.10 45.60 percent of GDP [+]
Government Debt 11107741.00 10027455.00 11107741.00 4102439.00 EUR Million [+]
Credit Rating 13.59 [+]

Euro Area 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.