Government Spending in Spain increased to 58423 EUR Million in the third quarter of 2019 from 58063 EUR Million in the second quarter of 2019. Government Spending in Spain averaged 41653.78 EUR Million from 1995 until 2019, reaching an all time high of 58423 EUR Million in the third quarter of 2019 and a record low of 19902 EUR Million in the first quarter of 1995. source: National Statistics Institute (INE)

Government Spending in Spain is expected to be 57818.00 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 Spain to stand at 59299.00 in 12 months time. In the long-term, the Spain Government Spending is projected to trend around 60971.00 EUR Million in 2020, according to our econometric models.

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Spain Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
58423.00 58063.00 58423.00 19902.00 1995 - 2019 EUR Million Quarterly
Current Prices, SA

Spain 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.

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 97.60 98.60 100.40 16.60 percent [+]
Government Budget -2.50 -3.00 2.20 -11.00 percent of GDP [+]
Government Budget Value -10987.00 -6303.00 12365.00 -99130.00 EUR Million [+]
Government Spending 58423.00 58063.00 58423.00 19902.00 EUR Million [+]
Government Spending to GDP 41.30 41.00 48.10 38.30 percent [+]
Government Debt 1207754952.00 1210915185.00 1210915185.00 136774640.00 EUR Thousand [+]
Military Expenditure 17039.00 16044.00 18833.00 2399.00 USD Million [+]
Credit Rating 70.00 [+]
Asylum Applications 10490.00 13850.00 13850.00 145.00 persons [+]