European Union Government Spending2022 Data - 2023 Forecast - 1995-2021 Historical

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

Government Spending in European Union decreased to 714.02 EUR Billion in the first quarter of 2022 from 716.38 EUR Billion in the fourth quarter of 2021. source: EUROSTAT

Government Spending in European Union averaged 587.87 EUR Billion from 1995 until 2022, reaching an all time high of 716.38 EUR Billion in the fourth quarter of 2021 and a record low of 463.83 EUR Billion in the first quarter of 1995. This page provides - European Union Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending - values, historical data and charts - was last updated on June of 2022.

Government Spending in European Union is expected to be 733.18 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Spending is projected to trend around 743.86 EUR Billion in 2023 and 759.48 EUR Billion in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt To GDP	88.10	90.00	percent of GDP	Dec 2021
Government Budget	-4.70	-6.80	percent of GDP	Dec 2021
Government Spending	714.02	716.38	EUR Billion	Mar 2022
Asylum Applications	54090.00	64055.00	persons	Dec 2021
Government Spending To GDP	53.40	46.60	percent of GDP	Dec 2020
Government Debt	12078219.00	10838269.00	EUR Million	Dec 2020

European Union 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.