Government Spending in Greece increased to 10004.80 EUR Million in the fourth quarter of 2020 from 8674.50 EUR Million in the third quarter of 2020. source: National Statistical Service of Greece

Government Spending in Greece averaged 9231.07 EUR Million from 1995 until 2020, reaching an all time high of 12142 EUR Million in the fourth quarter of 2007 and a record low of 7037.20 EUR Million in the first quarter of 1995. This page provides the latest reported value for - Greece Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Government Spending - values, historical data and charts - was last updated on April of 2021.

Government Spending in Greece is expected to be 10980.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Greece to stand at 11820.00 in 12 months time. In the long-term, the Greece Government Spending is projected to trend around 9980.00 EUR Million in 2022 and 10500.00 EUR Million in 2023, according to our econometric models.

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Greece Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
10004.80 8674.50 12142.00 7037.20 1995 - 2020 EUR Million Quarterly
Constant 2015 Prices, NSA

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 205.60 180.50 205.60 22.60 percent [+]
Government Budget -9.70 1.10 1.10 -15.10 percent of GDP [+]
Government Budget Value -1706.40 -1561.20 22737.60 -30872.00 EUR Million [+]
Government Spending 10004.80 8674.50 12142.00 7037.20 EUR Million [+]
Government Spending to GDP 46.30 46.90 62.40 43.70 percent [+]
Government Revenues 11497.00 8528.00 60352.00 244.00 EUR Million [+]
Government Debt 374005.73 364864.58 374005.73 215415.74 EUR Million [+]
Fiscal Expenditure 17222.00 11801.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 5732.00 5757.00 9628.00 825.00 USD Million [+]
Credit Rating 37.00 [+]
Asylum Applications 4705.00 3380.00 10315.00 0.00 persons [+]


Greece 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.