Government Spending To GDP in European Union increased to 46.70 percent in 2019 from 46.60 percent in 2018. source: EUROSTAT

Government Spending To GDP in European Union averaged 48.24 percent from 1995 until 2019, reaching an all time high of 53.20 percent in 1995 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 April of 2021.

Government Spending To GDP in European Union is expected to reach 50.00 percent 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 46.00 percent in 2022 and 45.00 percent in 2023, according to our econometric models.

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European Union Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
46.70 46.60 53.20 45.60 1995 - 2019 percent Yearly

European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 90.70 77.50 90.70 62.20 percent [+]
Government Budget -6.90 -0.50 -0.40 -7.20 percent of GDP [+]
Asylum Applications 7090.00 31585.00 162050.00 7090.00 persons [+]
Government Spending 699.27 692.60 699.27 463.71 EUR Billion [+]
Government Spending To GDP 46.70 46.60 53.20 45.60 percent [+]
Government Debt 12078219.00 10838269.00 12078219.00 5221120.00 EUR Million [+]
Credit Rating 98.00 [+]