Euro Area Government Spending2022 Data - 2023 Forecast - 1995-2021 Historical

Name: Euro Area Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Euro Area,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending In the Euro Area decreased to 611.79 EUR Billion in the first quarter of 2022 from 613.88 EUR Billion in the fourth quarter of 2021. source: EUROSTAT

Government Spending in the Euro Area averaged 506.12 EUR Billion from 1995 until 2022, reaching an all time high of 613.88 EUR Billion in the fourth quarter of 2021 and a record low of 401.09 EUR Billion in the first quarter of 1995. This page provides the latest reported value for - Euro Area Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Government Spending - values, historical data and charts - was last updated on July of 2022.

Government Spending in Euro Area is expected to be 626.45 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Spending is projected to trend around 638.04 EUR Billion in 2023 and 652.08 EUR Billion in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt to GDP	95.60	97.20	percent of GDP	Dec 2021
Government Budget	-5.10	-7.10	percent of GDP	Dec 2021
Government Spending	611.79	613.88	EUR Billion	Mar 2022
Government Spending to GDP	54.10	47.00	percent of GDP	Dec 2020
Government Debt	11107741.00	10027455.00	EUR Million	Dec 2020

Euro Area 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.