Government Spending in European Union increased to 739661.10 EUR Million in the fourth quarter of 2018 from 733935.40 EUR Million in the third quarter of 2018. Government Spending in European Union averaged 635494.96 EUR Million from 1995 until 2018, reaching an all time high of 739661.10 EUR Million in the fourth quarter of 2018 and a record low of 513369.30 EUR Million in the first quarter of 1995.
Government Spending in European Union is expected to be 744418.00 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 European Union to stand at 752599.00 in 12 months time. In the long-term, the European Union Government Spending is projected to trend around 787617.00 EUR Million in 2020, according to our econometric models.