Government Spending in Albania increased to 47207.85 ALL Million in the second quarter of 2021 from 42459.57 ALL Million in the first quarter of 2021. source: Instituti i Statistikave (INSTAT)

Government Spending in Albania averaged 49716.96 ALL Million from 1996 until 2021, reaching an all time high of 445792.55 ALL Million in the fourth quarter of 2019 and a record low of 30548 ALL Million in the fourth quarter of 1997. This page provides - Albania Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Government Spending - values, historical data and charts - was last updated on October of 2021.

Government Spending in Albania is expected to be 49662.00 ALL Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Government Spending is projected to trend around 52145.00 ALL Million in 2022 and 54231.00 ALL Million in 2023, according to our econometric models.

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Albania Government Spending

Albania Last Unit Reference Previous Highest Lowest
Government Spending 47207.85 ALL Million Jun/21 42459.57 445792.55 30548.00

Albania 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.