Government Spending in European Union increased to 749666.80 EUR Million in the second quarter of 2019 from 747016.90 EUR Million in the first quarter of 2019. Government Spending in European Union averaged 639131.96 EUR Million from 1995 until 2019, reaching an all time high of 749666.80 EUR Million in the second quarter of 2019 and a record low of 512306.60 EUR Million in the first quarter of 1995.

Government Spending in European Union is expected to be 742742.62 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 753106.00 in 12 months time. In the long-term, the European Union Government Spending is projected to trend around 774206.63 EUR Million in 2020, according to our econometric models.

European Union Government Spending
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European Union Government Last Previous Highest Lowest Unit
Government Debt To GDP 80.00 81.70 86.60 57.50 percent [+]
Government Budget -0.60 -1.00 -0.60 -6.60 percent of GDP [+]
Government Spending 749666.80 747016.90 749666.80 512306.60 EUR Million [+]
Government Spending To GDP 45.60 45.80 50.00 44.60 percent [+]
Government Debt 12715249.10 12579778.20 12715249.10 5804160.50 EUR Million [+]
Asylum Applications 1965.00 22790.00 167190.00 1965.00 persons [+]


European Union 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. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
749666.80 747016.90 749666.80 512306.60 1995 - 2019 EUR Million Quarterly
Constant Prices 2010, SA




Country Last Previous
Argentina 94555.00 Jun/19
Australia 91328.00 Jun/19
Brazil 120212.48 Jul/19
Canada 424534.00 Jun/19
China 220906.00 Dec/18
Euro Area 553.63 Jun/19
France 136971.00 Jun/19
Germany 163.06 Jun/19
India 4218.93 Jun/19
Indonesia 209394.41 Jun/19
Italy 78508.00 Jun/19
Japan 109084.50 Jun/19
Mexico 2168414.00 Jun/19
Netherlands 45100.00 Jun/19
Russia 4035.60 Mar/19
Saudi Arabia 151611.00 Mar/19
Singapore 12496.60 Jun/19
South Africa 651189.00 Jun/19
South Korea 75743.40 Jun/19
Spain 58162.00 Jun/19
Switzerland 19989.06 Jun/19
Turkey 62009834.30 Jun/19
United Kingdom 94259.00 Jun/19
United States 3293.82 Jun/19


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