Government Spending in Spain increased to 61391 EUR Million in the second quarter of 2020 from 60844 EUR Million in the first quarter of 2020.

Government Spending in Spain averaged 42232.84 EUR Million from 1995 until 2020, reaching an all time high of 61391 EUR Million in the second quarter of 2020 and a record low of 19902 EUR Million in the first quarter of 1995. This page provides - Spain Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Government Spending - values, historical data and charts - was last updated on October of 2020. source: National Statistics Institute (INE)

Government Spending in Spain is expected to be 69170.00 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 73450.00 in 12 months time. In the long-term, the Spain Government Spending is projected to trend around 71900.00 EUR Million in 2021 and 69300.00 EUR Million in 2022, according to our econometric models.

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Spain Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
61391.00 60844.00 61391.00 19902.00 1995 - 2020 EUR Million Quarterly
Current Prices, SA

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 95.50 97.60 100.40 16.60 percent [+]
Government Budget -2.80 -2.50 2.10 -11.30 percent of GDP [+]
Government Budget Value -60295.00 -60413.00 12365.00 -99130.00 EUR Million [+]
Government Spending 61391.00 60844.00 61391.00 19902.00 EUR Million [+]
Government Spending to GDP 41.90 41.70 48.70 38.40 percent [+]
Government Debt 1290656882.00 1224160712.00 1290656882.00 136774640.00 EUR Thousand [+]
Military Expenditure 17039.00 16044.00 18833.00 2399.00 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 7095.00 55.00 14395.00 55.00 persons [+]

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.