Government Spending In the Euro Area increased to 613.24 EUR Billion in the third quarter of 2021 from 607.33 EUR Billion in the second quarter of 2021. source: EUROSTAT

Government Spending in the Euro Area averaged 504.22 EUR Billion from 1995 until 2021, reaching an all time high of 613.24 EUR Billion in the third quarter of 2021 and a record low of 401.06 EUR Billion in the first quarter of 1995. This page provides the latest reported value for - Euro Area Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Government Spending - values, historical data and charts - was last updated on January of 2022.

Government Spending in Euro Area is expected to be 625.11 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Spending is projected to trend around 639.27 EUR Billion in 2023 and 652.05 EUR Billion in 2024, according to our econometric models.

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Euro Area Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 98.00 83.90 percent of GDP Dec/20
Government Budget -7.20 -0.60 percent of GDP Dec/20
Government Spending 613.24 607.33 EUR Billion Sep/21
Government Spending to GDP 54.10 47.00 percent of GDP Dec/20
Government Debt 11107741.00 10027455.00 EUR Million Dec/20
Euro Area 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.