Government Spending in Cyprus increased to 1087.90 EUR Million in the third quarter of 2020 from 1067.80 EUR Million in the second quarter of 2020. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus averaged 742.14 EUR Million from 1995 until 2020, reaching an all time high of 1087.90 EUR Million in the third quarter of 2020 and a record low of 414.70 EUR Million in the first quarter of 1995. This page provides - Cyprus Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Spending - values, historical data and charts - was last updated on February of 2021.

Government Spending in Cyprus is expected to be 1000.00 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 Cyprus to stand at 1124.00 in 12 months time. In the long-term, the Cyprus Government Spending is projected to trend around 1155.00 EUR Million in 2022 and 1188.00 EUR Million in 2023, according to our econometric models.

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Cyprus Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1087.90 1067.80 1087.90 414.70 1995 - 2020 EUR Million Quarterly
Constant Prices 2010, SA

Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 95.50 100.60 109.20 45.60 percent [+]
Government Budget 1.70 -3.70 3.20 -8.70 percent of GDP [+]
Government Budget Value -72.40 -795.10 417.30 -1522.40 EUR Million [+]
Government Spending 1087.90 1067.80 1087.90 414.70 EUR Million [+]
Government Spending to GDP 39.50 43.40 49.40 30.90 percent [+]
Government Revenues 2216.00 1415.80 2534.90 461.80 EUR Million [+]
Fiscal Expenditure 2288.40 2374.50 3445.80 475.10 EUR Million [+]
Credit Rating 50.00 [+]
Military Expenditure 360.00 357.00 918.00 79.60 USD Million [+]
Asylum Applications 790.00 30.00 1340.00 30.00 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.