Government Spending in Croatia increased to 19386 HRK Million in the fourth quarter of 2020 from 18789 HRK Million in the third quarter of 2020. source: Croatian Bureau of Statistics

Government Spending in Croatia averaged 16373.81 HRK Million from 2000 until 2020, reaching an all time high of 19386 HRK Million in the fourth quarter of 2020 and a record low of 12514 HRK Million in the third quarter of 2001. This page provides - Croatia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Croatia is expected to be 17250.00 HRK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Croatia to stand at 20549.00 in 12 months time. In the long-term, the Croatia Government Spending is projected to trend around 20919.00 HRK Million in 2022 and 21337.00 HRK Million in 2023, according to our econometric models.

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Croatia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
19386.00 18789.00 19386.00 12514.00 2000 - 2020 HRK Million Quarterly
Constant Prices, NSA

Croatia Government Last Previous Highest Lowest Unit
Government Debt to GDP 88.70 72.80 88.70 22.40 percent [+]
Government Budget -7.40 0.30 2.00 -8.00 percent of GDP [+]
Government Budget Value -3875.00 -10591.00 5164.00 -10591.00 HRK Million [+]
Government Spending 19386.00 18789.00 19386.00 12514.00 HRK Million [+]
Government Spending to GDP 47.10 46.30 62.20 45.30 percent [+]
Government Revenues 45672.00 40803.00 49992.00 18203.00 HRK Million [+]
Government Debt 329683.90 329158.00 329683.90 26042.90 HRK Million [+]
Fiscal Expenditure 49548.00 51394.00 52342.00 19957.00 HRK Million [+]
Military Expenditure 1054.00 966.00 3103.00 877.00 USD Million [+]
Credit Rating 51.00 [+]
Asylum Applications 265.00 50.00 395.00 5.00 persons [+]

Croatia 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.