Spain recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019. source: Bank of Spain

Government Budget in Spain averaged -3.77 percent of GDP from 1995 until 2019, reaching an all time high of 2.10 percent of GDP in 2006 and a record low of -11.30 percent of GDP in 2009. 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 - values, historical data and charts - was last updated on October of 2020.

Government Budget in Spain is expected to reach -10.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Budget is projected to trend around -7.00 percent of GDP in 2021 and -3.20 percent of GDP in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Spain Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -2.50 2.10 -11.30 1995 - 2019 percent of GDP Yearly

Spain Government Last Previous Highest Lowest Unit
Government Debt to GDP 95.50 97.60 100.40 16.60 percent [+]
Government Budget -2.80 -2.50 2.10 -11.30 percent of GDP [+]
Government Budget Value -60295.00 -60413.00 12365.00 -99130.00 EUR Million [+]
Government Spending 61391.00 60844.00 61391.00 19902.00 EUR Million [+]
Government Spending to GDP 41.90 41.70 48.70 38.40 percent [+]
Government Debt 1290656882.00 1224160712.00 1290656882.00 136774640.00 EUR Thousand [+]
Military Expenditure 17039.00 16044.00 18833.00 2399.00 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 7095.00 55.00 14395.00 55.00 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.