Government Spending In the Euro Area increased to 594.98 EUR Billion in the third quarter of 2020 from 567.98 EUR Billion in the second quarter of 2020. source: EUROSTAT

Government Spending in the Euro Area averaged 500.40 EUR Billion from 1995 until 2020, reaching an all time high of 594.98 EUR Billion in the third quarter of 2020 and a record low of 400.93 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 2021.

Government Spending in Euro Area is expected to be 605.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Euro Area to stand at 607.00 in 12 months time. In the long-term, the Euro Area Government Spending is projected to trend around 605.00 EUR Billion in 2021 and 606.00 EUR Billion in 2022, according to our econometric models.

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Euro Area Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
594.98 567.98 594.98 400.93 1995 - 2020 EUR Billion Quarterly
Constant Prices 2015, SA

Euro Area Government Last Previous Highest Lowest Unit
Government Debt to GDP 77.60 79.50 86.60 62.20 percent [+]
Government Budget -0.60 -0.50 -0.50 -7.30 percent of GDP [+]
Government Spending 594.98 567.98 594.98 400.93 EUR Billion [+]
Government Spending to GDP 47.10 46.90 52.90 45.60 percent [+]
Government Debt 10027177.00 9937018.00 10027177.00 4102429.00 EUR Million [+]
Credit Rating 13.59 [+]

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.