Government Spending in Spain increased to 63980 EUR Million in the second quarter of 2021 from 63167 EUR Million in the first quarter of 2021. source: National Statistics Institute (INE)

Government Spending in Spain averaged 42993.51 EUR Million from 1995 until 2021, reaching an all time high of 63980 EUR Million in the second quarter of 2021 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 2021.

Government Spending in Spain is expected to be 67613.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Spending is projected to trend around 70047.00 EUR Million in 2022 and 71448.00 EUR Million in 2023, according to our econometric models.

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Spain Government Spending

Spain Last Unit Reference Previous Highest Lowest
Government Spending 63980.00 EUR Million Jun/21 63167.00 63980.00 19902.00

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.