Government Spending in European Union increased to 719.60 EUR Billion in the third quarter of 2022 from 718.61 EUR Billion in the second quarter of 2022. source: EUROSTAT

Government Spending in European Union averaged 590.60 EUR Billion from 1995 until 2022, reaching an all time high of 719.76 EUR Billion in the fourth quarter of 2021 and a record low of 466.07 EUR Billion 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 February of 2023.

Government Spending in European Union is expected to be 719.99 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Spending is projected to trend around 734.77 EUR Billion in 2024 and 748.00 EUR Billion in 2025, according to our econometric models.

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European Union Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 88.10 90.00 percent of GDP Dec 2021
Government Budget -4.60 -6.70 percent of GDP Dec 2021
Government Spending 719.60 718.61 EUR Billion Sep 2022
Asylum Applications 77595.00 66545.00 persons Aug 2022
Government Spending to GDP 51.60 53.00 percent of GDP Dec 2021
Government Debt 12740563.40 12065668.20 EUR Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
719.60 718.61 719.76 466.07 1995 - 2022 EUR Billion Quarterly
Constant Prices 2015, SA