Spain recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2017. Government Budget in Spain averaged -3.84 percent of GDP from 1995 until 2017, reaching an all time high of 2.20 percent of GDP in 2006 and a record low of -11 percent of GDP in 2009.

Government Budget in Spain is expected to be -2.50 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Budget is projected to trend around -1.10 percent of GDP in 2020, according to our econometric models.

Spain Government Budget
Forecast Data Chart
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Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 98.30 99.00 100.40 16.60 percent [+]
Government Budget -3.10 -4.50 2.20 -11.00 percent of GDP [+]
Government Budget Value -13245.00 -18895.00 12365.00 -99130.00 EUR Million [+]
Government Spending 56107.00 54951.00 56107.00 19910.00 EUR Million [+]
Government Spending to GDP 41.00 42.20 48.10 38.30 percent [+]
Government Debt 1163885055.00 1160613351.00 1163885055.00 136774640.00 EUR Thousand [+]
Military Expenditure 15686.00 14014.40 18206.70 2319.30 USD Million [+]
Credit Rating 62.25 [+]
Asylum Applications 3800.00 4340.00 6515.00 145.00 persons [+]

Spain Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides the latest reported value for - Spain Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Government Budget - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -4.50 2.20 -11.00 1995 - 2017 percent of GDP Yearly

Country Last
Argentina -3.90 Dec/17
Australia -1.90 Dec/17
Brazil -7.80 Dec/17
Canada -0.90 Dec/17
China -3.50 Dec/17
Euro Area -0.90 Dec/17
France -2.60 Dec/17
Germany 1.30 Dec/17
India -3.53 Dec/17
Indonesia -2.50 Dec/17
Italy -2.30 Dec/17
Japan -4.50 Dec/17
Mexico -2.90 Dec/17
Netherlands 1.10 Dec/17
Russia -1.50 Dec/17
Saudi Arabia -8.90 Dec/17
Singapore 0.30 Dec/17
South Africa -4.60 Dec/17
South Korea -2.00 Dec/17
Spain -3.10 Dec/17
Switzerland 1.20 Dec/17
Turkey -1.50 Dec/17
United Kingdom -2.30 Dec/17
United States -3.50 Dec/17