Government Spending in European Union increased to 762849.10 EUR Billion in the third quarter of 2024 from 758519.20 EUR Billion in the second quarter of 2024. Government Spending in European Union averaged 238584.21 EUR Billion from 1995 until 2024, reaching an all time high of 762849.10 EUR Billion in the third quarter of 2024 and a record low of 466.33 EUR Billion in the first quarter of 1995. source: EUROSTAT

Government Spending in European Union is expected to be 762381.00 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 789782.00 EUR Billion in 2026 and 803998.00 EUR Billion in 2027, according to our econometric models.




Related Last Previous Unit Reference
Asylum Applications 86920.00 76805.00 persons Oct 2024
Government Budget -3.50 -3.20 percent of GDP Dec 2023
Government Debt 12732445.20 12268150.00 EUR Million Dec 2023
Government Debt to GDP 80.80 82.50 percent of GDP Dec 2023
Government Spending 762849.10 758519.20 EUR Billion Sep 2024
Government Spending to GDP 49.00 49.20 percent of GDP Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
762849.10 758519.20 762849.10 466.33 1995 - 2024 EUR Billion Quarterly
Constant Prices 2015, SA