Government Spending in Greece increased to 10200.40 EUR Million in the second quarter of 2020 from 9591.30 EUR Million in the first quarter of 2020.

Government Spending in Greece averaged 10658.22 EUR Million from 1995 until 2020, reaching an all time high of 14069.70 EUR Million in the fourth quarter of 2007 and a record low of 8175.90 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 October of 2020.

Government Spending in Greece is expected to be 10500.00 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 10750.00 in 12 months time. In the long-term, the Greece Government Spending is projected to trend around 11820.00 EUR Million in 2021 and 12500.00 EUR Million in 2022, according to our econometric models.

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Greece Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
10200.40 9591.30 14069.70 8175.90 1995 - 2020 EUR Million Quarterly
Constant 2010 Prices, NSA

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 176.60 181.20 181.20 22.60 percent [+]
Government Budget 1.50 1.00 1.50 -15.10 percent of GDP [+]
Government Budget Value 1234.60 -1684.00 22737.60 -30872.00 EUR Million [+]
Government Spending 10200.40 9591.30 14069.70 8175.90 EUR Million [+]
Government Spending to GDP 46.30 46.90 62.40 43.70 percent [+]
Government Revenues 33501.00 28930.00 60352.00 244.00 EUR Million [+]
Government Debt 362871.42 361828.74 367978.00 215415.74 EUR Million [+]
Fiscal Expenditure 44766.00 39735.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 4934.00 5094.00 9095.00 779.00 USD Million [+]
Credit Rating 37.00 [+]
Asylum Applications 0.00 2320.00 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.