Government Spending in Greece decreased to 8684.50 EUR Million in the first quarter of 2021 from 10004.80 EUR Million in the fourth quarter of 2020. source: National Statistical Service of Greece

Government Spending in Greece averaged 9225.86 EUR Million from 1995 until 2021, reaching an all time high of 12142 EUR Million in the fourth quarter of 2007 and a record low of 7037.20 EUR Million in the first quarter of 1995. This page provides the latest reported value for - Greece Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Government Spending - values, historical data and charts - was last updated on June of 2021.

Government Spending in Greece is expected to be 10750.00 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 Greece to stand at 10540.00 in 12 months time. In the long-term, the Greece Government Spending is projected to trend around 9980.00 EUR Million in 2022 and 10500.00 EUR Million in 2023, according to our econometric models.

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Greece Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
8684.50 10004.80 12142.00 7037.20 1995 - 2021 EUR Million Quarterly
Constant 2015 Prices, NSA

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 205.60 180.50 205.60 22.60 percent of GDP [+]
Government Budget -9.70 1.10 1.10 -15.10 percent of GDP [+]
Government Budget Value -3083.50 -2446.00 22737.60 -30872.00 EUR Million [+]
Government Spending 8684.50 10004.80 12142.00 7037.20 EUR Million [+]
Government Spending to GDP 60.70 47.90 62.90 43.70 percent of GDP [+]
Government Revenues 15115.00 11497.00 60352.00 244.00 EUR Million [+]
Government Debt 380795.05 374005.73 380795.05 215415.74 EUR Million [+]
Fiscal Expenditure 23922.00 17222.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 5237.00 5472.00 9155.00 785.00 USD Million [+]
Credit Rating 38.00 [+]
Asylum Applications 1525.00 1740.00 10315.00 0.00 persons [+]

Greece 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.