Government Spending in Estonia decreased to 1122.10 EUR Million in the first quarter of 2021 from 1374 EUR Million in the fourth quarter of 2020. source: Statistics Estonia

Government Spending in Estonia averaged 894.27 EUR Million from 1995 until 2021, reaching an all time high of 1374 EUR Million in the fourth quarter of 2020 and a record low of 599.64 EUR Million in the third quarter of 1997. This page provides - Estonia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Government Spending - values, historical data and charts - was last updated on August of 2021.

Government Spending in Estonia is expected to be 1141.00 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 Estonia to stand at 1463.00 in 12 months time. In the long-term, the Estonia Government Spending is projected to trend around 1479.00 EUR Million in 2022 and 1538.00 EUR Million in 2023, according to our econometric models.

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Estonia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1122.10 1374.00 1374.00 599.64 1995 - 2021 EUR Million Quarterly
Constant Prices, NSA

Estonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 18.20 8.40 18.20 3.80 percent of GDP [+]
Government Budget -4.90 0.10 2.90 -4.90 percent of GDP [+]
Government Budget Value -368.10 -35.00 259.00 -519.20 EUR Million [+]
Government Spending 1122.10 1374.00 1374.00 599.64 EUR Million [+]
Government Spending to GDP 45.10 38.90 45.60 33.50 percent of GDP [+]
Government Revenues 3109.10 2903.70 3109.10 501.20 EUR Million [+]
Fiscal Expenditure 3470.90 2938.70 3470.90 513.90 EUR Million [+]
Military Expenditure 687.00 637.00 687.00 51.10 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 0.00 0.00 45.00 0.00 persons [+]

Estonia 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.