Government Spending in Estonia increased to 1109.77 EUR Million in the second quarter of 2020 from 1045.77 EUR Million in the first quarter of 2020.

Government Spending in Estonia averaged 885.48 EUR Million from 1995 until 2020, reaching an all time high of 1315.19 EUR Million in the fourth quarter of 2019 and a record low of 599.64 EUR Million in the third quarter of 1997. This page provides - Estonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Estonia is expected to be 971.00 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 Estonia to stand at 1252.00 in 12 months time. In the long-term, the Estonia Government Spending is projected to trend around 1289.00 EUR Million in 2021 and 1340.00 EUR Million in 2022, according to our econometric models.

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Estonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1109.77 1045.77 1315.19 599.64 1995 - 2020 EUR Million Quarterly
Constant Prices, NSA

Estonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 8.40 8.40 10.60 3.80 percent [+]
Government Budget -0.30 -0.60 2.90 -3.30 percent of GDP [+]
Government Budget Value -424.30 -69.30 259.00 -424.30 EUR Million [+]
Government Spending 1109.77 1045.77 1315.19 599.64 EUR Million [+]
Government Spending to GDP 39.00 39.10 45.60 33.50 percent [+]
Government Revenues 2246.90 3034.40 3034.40 501.20 EUR Million [+]
Fiscal Expenditure 2671.10 3103.70 3103.70 513.90 EUR Million [+]
Military Expenditure 571.00 537.00 571.00 48.40 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 5.00 0.00 45.00 0.00 persons [+]

Estonia 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.