Government Spending in European Union increased to 708.62 EUR Billion in the second quarter of 2021 from 701.78 EUR Billion in the first quarter of 2021. source: EUROSTAT

Government Spending in European Union averaged 584.49 EUR Billion from 1995 until 2021, reaching an all time high of 708.62 EUR Billion in the second quarter of 2021 and a record low of 464.06 EUR Billion in the first quarter of 1995. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending - values, historical data and charts - was last updated on October of 2021.

Government Spending in European Union is expected to be 722.69 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Spending is projected to trend around 755.50 EUR Billion in 2022 and 770.61 EUR Billion in 2023, according to our econometric models.

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European Union Government Spending

European Union Last Unit Reference Previous Highest Lowest
Government Debt To GDP 90.70 percent of GDP Dec/20 77.50 90.70 62.20
Government Budget -6.90 percent of GDP Dec/20 -0.50 -0.40 -7.20
Asylum Applications 38100.00 persons Jun/21 33280.00 162020.00 7990.00
Government Spending 708.62 EUR Billion Jun/21 701.78 708.62 464.06
Government Spending To GDP 53.40 percent of GDP Dec/20 46.60 53.40 45.60
Government Debt 12078219.00 EUR Million Dec/20 10838269.00 12078219.00 5221120.00

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.