Government Spending in Greece increased to 10959.20 EUR Million in the fourth quarter of 2019 from 9575.40 EUR Million in the third quarter of 2019.

Government Spending in Greece averaged 10673.47 EUR Million from 1995 until 2019, reaching an all time high of 14069.70 EUR Million in the fourth quarter of 2007 and a record low of 8175.90 EUR Million in the first quarter of 1995. This page provides the latest reported value for - Greece Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Government Spending - values, historical data and charts - was last updated on May of 2020.

Government Spending in Greece is expected to be 9881.00 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 Greece to stand at 10674.00 in 12 months time. In the long-term, the Greece Government Spending is projected to trend around 11080.00 EUR Million in 2021 and 11324.00 EUR Million in 2022, according to our econometric models.

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Greece Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
10959.20 9575.40 14069.70 8175.90 1995 - 2019 EUR Million Quarterly
Constant 2010 Prices, NSA

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 176.60 181.20 181.20 22.60 percent [+]
Government Budget 1.50 1.00 1.50 -15.10 percent of GDP [+]
Government Budget Value -715.30 -338.60 22737.60 -30872.00 EUR Million [+]
Government Spending 10959.20 9575.40 14069.70 8175.90 EUR Million [+]
Government Spending to GDP 46.30 46.90 62.40 43.70 percent [+]
Government Revenues 14110.00 11204.00 60352.00 244.00 EUR Million [+]
Government Debt 361828.74 356014.92 367978.00 215415.74 EUR Million [+]
Fiscal Expenditure 18172.00 12926.00 86355.00 1369.00 EUR Million [+]
Credit Rating 37.00 [+]
Military Expenditure 4934.00 5094.00 9095.00 779.00 USD Million [+]
Asylum Applications 8220.00 10315.00 10315.00 390.00 persons [+]


Greece 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.