Government Spending in Cyprus increased to 896.70 EUR Million in the fourth quarter of 2018 from 798.80 EUR Million in the third quarter of 2018. Government Spending in Cyprus averaged 617.61 EUR Million from 1995 until 2018, reaching an all time high of 896.70 EUR Million in the fourth quarter of 2018 and a record low of 357.30 EUR Million in the first quarter of 1995.

Government Spending in Cyprus is expected to be 692.70 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 Cyprus to stand at 828.36 in 12 months time. In the long-term, the Cyprus Government Spending is projected to trend around 882.22 EUR Million in 2020, according to our econometric models.

Cyprus Government Spending
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Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 102.50 95.80 108.00 45.60 percent [+]
Government Budget -4.80 1.80 3.20 -9.00 percent of GDP [+]
Government Budget Value -1050.00 -18.70 398.10 -1522.40 EUR Million [+]
Government Spending 896.70 798.80 896.70 357.30 EUR Million [+]
Government Spending to GDP 44.70 37.40 48.80 30.90 percent [+]
Government Revenues 2374.10 2163.60 2374.10 461.80 EUR Million [+]
Fiscal Expenditure 2485.90 1720.80 3097.40 475.10 EUR Million [+]
Military Expenditure 360.00 357.00 918.00 79.60 USD Million [+]
Credit Rating 36.25 [+]
Asylum Applications 680.00 980.00 1045.00 65.00 persons [+]


Cyprus 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. This page provides - Cyprus Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Spending - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
896.70 798.80 896.70 357.30 1995 - 2018 EUR Million Quarterly
Constant Prices 2005, SA




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Argentina 100173.00 Dec/18
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Canada 417805.00 Dec/18
China 220906.00 Dec/18
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Germany 143.97 Dec/18
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Spain 56820.00 Mar/19
Switzerland 19877.18 Dec/18
Turkey 69495065.30 Dec/18
United Kingdom 94208.00 Mar/19
United States 3207.68 Mar/19


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