Government Spending in Spain increased to 74896 EUR Million in the fourth quarter of 2023 from 73765 EUR Million in the third quarter of 2023. Government Spending in Spain averaged 45352.26 EUR Million from 1995 until 2023, reaching an all time high of 74896.00 EUR Million in the fourth quarter of 2023 and a record low of 19902.00 EUR Million in the first quarter of 1995. source: National Statistics Institute (INE)

Government Spending in Spain is expected to be 72002.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Spending is projected to trend around 77539.00 EUR Million in 2025 and 78625.00 EUR Million in 2026, according to our econometric models.

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Spain Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 111.60 116.80 percent of GDP Dec 2022
Government Budget -4.70 -6.70 percent of GDP Dec 2022
Government Budget Value -31381.00 -19886.00 EUR Million Nov 2023
Government Spending 74896.00 73765.00 EUR Million Dec 2023
Government Spending to GDP 47.40 50.00 percent of GDP Dec 2022
Government Debt 1577265529.00 1568742886.00 EUR Thousand Sep 2023
Credit Rating 71.00 Feb 2024
Asylum Applications 13705.00 10750.00 persons Jan 2024
Military Expenditure 20306.60 19544.50 USD Million Dec 2022

Spain 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
74896.00 73765.00 74896.00 19902.00 1995 - 2023 EUR Million Quarterly
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