Government Spending in European Union decreased to 662.58 EUR Billion in the second quarter of 2020 from 677.88 EUR Billion in the first quarter of 2020. source: Eurostat

Government Spending in European Union averaged 579.75 EUR Billion from 1995 until 2020, reaching an all time high of 683.60 EUR Billion in the fourth quarter of 2019 and a record low of 463.73 EUR Billion in the first quarter of 1995. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending - values, historical data and charts - was last updated on December of 2020.

Government Spending in European Union is expected to be 829000.00 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 European Union to stand at 828000.00 in 12 months time. In the long-term, the European Union Government Spending is projected to trend around 825200.00 EUR Billion in 2021 and 826000.00 EUR Billion in 2022, according to our econometric models.

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European Union Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
662.58 677.88 683.60 463.73 1995 - 2020 EUR Billion Quarterly
Constant Prices 2015, SA

European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 79.30 80.40 87.00 58.10 percent [+]
Government Budget -0.50 -0.40 -0.40 -7.20 percent of GDP [+]
Government Spending 662.58 677.88 683.60 463.73 EUR Billion [+]
Government Spending To GDP 46.70 46.60 53.20 45.60 percent [+]
Government Debt 10837934.00 10746456.00 10837934.00 5215364.00 EUR Million [+]
Credit Rating 98.00 [+]
Asylum Applications 7090.00 31585.00 162050.00 7090.00 persons [+]


European Union 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.