Government Spending in Guatemala increased to 55259.20 GTQ Million in 2020 from 52932.50 GTQ Million in 2019. source: Banco de Guatemala

Government Spending in Guatemala averaged 23771.25 GTQ Million from 2001 until 2020, reaching an all time high of 55259.20 GTQ Million in 2020 and a record low of 13587 GTQ Million in 2004. This page provides - Guatemala Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Guatemala is expected to reach 57470.00 GTQ Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala Government Spending is projected to trend around 59653.00 GTQ Million in 2022 and 61682.00 GTQ Million in 2023, according to our econometric models.

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Guatemala Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
55259.20 52932.50 55259.20 13587.00 2001 - 2020 GTQ Million Yearly
Constant Prices, NSA

Guatemala Government Last Previous Highest Lowest Unit
Government Debt to GDP 31.26 27.88 50.45 20.04 percent of GDP [+]
Government Budget -4.90 -2.30 0.24 -4.90 percent of GDP [+]
Government Budget Value 484.20 -1395.50 1704.90 -6931.70 GTQ Million [+]
Government Spending 55259.20 52932.50 55259.20 13587.00 GTQ Million [+]
Government Revenues 9180.30 5598.80 9180.30 451.00 GTQ Million [+]
Fiscal Expenditure 8696.10 6994.20 12499.80 228.60 GTQ Million [+]
Military Expenditure 337.00 332.00 671.00 111.90 USD Million [+]
Credit Rating 43.00 [+]

Guatemala 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.