Government Spending in Guatemala increased to 27370.10 GTQ Million in 2018 from 26287.20 GTQ Million in 2017. Government Spending in Guatemala averaged 20401.84 GTQ Million from 2001 until 2018, reaching an all time high of 27370.10 GTQ Million in 2018 and a record low of 13587 GTQ Million in 2004.

Government Spending in Guatemala is expected to be 28219.00 GTQ Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala Government Spending is projected to trend around 30141.00 GTQ Million in 2020, according to our econometric models.

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Guatemala Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
27370.10 26287.20 27370.10 13587.00 2001 - 2018 GTQ Million Yearly
Constant Prices, NSA

Guatemala 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.

Guatemala Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.26 24.70 50.45 20.04 percent [+]
Government Budget -1.80 -1.30 0.24 -3.30 percent of GDP [+]
Government Budget Value -1780.50 508.40 1704.90 -5318.00 GTQ Million [+]
Government Spending 27370.10 26287.20 27370.10 13587.00 GTQ Million [+]
Government Revenues 4881.80 7437.60 7437.60 451.00 GTQ Million [+]
Fiscal Expenditure 6662.30 6929.20 9915.20 228.60 GTQ Million [+]
Military Expenditure 275.00 275.00 654.00 109.00 USD Million [+]
Credit Rating 45.00 [+]