Government spending in European Union was last recorded at 53.4 percent of GDP in 2020 . source: EUROSTAT

Government Spending To GDP in European Union averaged 48.43 percent from 1995 until 2020, reaching an all time high of 53.40 percent in 2020 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 September of 2021.

Government Spending To GDP in European Union is expected to reach 53.00 percent of GDP by the end of 2021, 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 49.00 percent of GDP in 2022 and 47.00 percent of GDP in 2023, according to our econometric models.

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European Union Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
53.40 46.60 53.40 45.60 1995 - 2020 percent of GDP Yearly

European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 90.70 77.50 90.70 62.20 percent of GDP [+]
Government Budget -6.90 -0.50 -0.40 -7.20 percent of GDP [+]
Government Debt 12078219.00 10838269.00 12078219.00 5221120.00 EUR Million [+]
Government Spending 708.62 701.78 708.62 464.06 EUR Billion [+]
Government Spending To GDP 53.40 46.60 53.40 45.60 percent of GDP [+]
Credit Rating 98.00 [+]
Asylum Applications 31035.00 32935.00 162020.00 7990.00 persons [+]