Government spending in European Union was last recorded at 53.4 percent of GDP in 2020 . source: EUROSTAT
Government Spending To GDP in European Union averaged 48.43 percent from 1995 until 2020, reaching an all time high of 53.40 percent in 2020 and a record low of 45.60 percent in 2007. This page provides - European Union Government Spending To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Government Spending To GDP - values, historical data and charts - was last updated on December of 2021.
Government Spending To GDP in European Union is expected to reach 53.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Government Spending To GDP is projected to trend around 49.00 percent of GDP in 2022 and 47.00 percent of GDP in 2023, according to our econometric models.