Government Spending in Spain increased to 63689 EUR Million in the first quarter of 2021 from 63239 EUR Million in the fourth quarter of 2020. source: National Statistics Institute (INE)

Government Spending in Spain averaged 42823.80 EUR Million from 1995 until 2021, reaching an all time high of 63689 EUR Million in the first quarter of 2021 and a record low of 19902 EUR Million in the first quarter of 1995. This page provides - Spain Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Government Spending - values, historical data and charts - was last updated on June of 2021.

Government Spending in Spain is expected to be 66450.00 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 Spain to stand at 68200.00 in 12 months time. In the long-term, the Spain Government Spending is projected to trend around 66300.00 EUR Million in 2022 and 68400.00 EUR Million in 2023, according to our econometric models.

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Spain Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
63689.00 63239.00 63689.00 19902.00 1995 - 2021 EUR Million Quarterly
Current Prices, SA

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 120.00 95.50 120.00 16.60 percent of GDP [+]
Government Budget -11.00 -2.90 2.10 -11.30 percent of GDP [+]
Government Budget Value -16891.00 -11114.00 12365.00 -99130.00 EUR Million [+]
Government Spending 63689.00 63239.00 63689.00 19902.00 EUR Million [+]
Government Spending to GDP 52.30 42.10 52.30 38.40 percent of GDP [+]
Government Debt 1345569813.00 1308085199.00 1345569813.00 136774640.00 EUR Thousand [+]
Military Expenditure 17160.00 17189.00 19241.00 2451.00 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 3815.00 3915.00 14395.00 55.00 persons [+]

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.