Government Spending In the Euro Area increased to 620.03 EUR Billion in the fourth quarter of 2022 from 615.50 EUR Billion in the third quarter of 2022. source: EUROSTAT

Government Spending in Euro Area averaged 509.49 EUR Billion from 1995 until 2022, reaching an all time high of 620.03 EUR Billion in the fourth quarter of 2022 and a record low of 401.40 EUR Billion in the first quarter of 1995. This page provides the latest reported value for - Euro Area Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Government Spending - values, historical data and charts - was last updated on March of 2023.

Government Spending in Euro Area is expected to be 623.41 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Spending is projected to trend around 629.98 EUR Billion in 2024 and 639.43 EUR Billion in 2025, according to our econometric models.

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Euro Area Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 95.60 97.20 percent of GDP Dec 2021
Government Budget -5.10 -7.10 percent of GDP Dec 2021
Government Spending 620.03 615.50 EUR Billion Dec 2022
Government Spending to GDP 52.40 53.60 percent of GDP Dec 2021
Government Debt 11720340.20 11094715.90 EUR Million Dec 2021

Euro Area 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
620.03 615.50 620.03 401.40 1995 - 2022 EUR Billion Quarterly
Constant Prices 2015, SA