Government spending in European Union was last recorded at 45.8 percent of GDP in 2019 .
Government Spending To GDP in European Union averaged 47 percent from 1995 until 2019, reaching an all time high of 51.10 percent in 1995 and a record low of 44.80 percent in 2007. This page provides - European Union Government Spending To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending To GDP - values, historical data and charts - was last updated on August of 2020.
Government Spending To GDP in European Union is expected to reach 55.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Spending To GDP is projected to trend around 50.00 percent in 2021 and 46.00 percent in 2022, according to our econometric models.