Annual government expenditure by function (COFOG) — Gross fixed in Euro area (20 countries)

Euro area (20 countries): Annual government expenditure by function (COFOG) — Gross fixed was 526,721 National currency in 2024. ▲ Rising

Latest (2024)
526,721 National currency
Change on year
up 8.1%
Rank
2nd
of 8 regions
All-time high
526,721 National currency
in 2024
All-time low
301,720 National currency
in 2014
Years of data
15
2010–2024

Annual government expenditure by function (COFOG) — Gross fixed in Euro area (20 countries), 2010–2024

0200.0k400.0k600.0k2010201720242010: 352.3k National currency2011: 332.1k National currency2012: 316.5k National currency2013: 309.7k National currency2014: 301.7k National currency2015: 313.0k National currency2016: 307.5k National currency2017: 318.7k National currency2018: 338.8k National currency2019: 362.2k National currency2020: 377.5k National currency2021: 402.6k National currency2022: 432.5k National currency2023: 487.4k National currency2024: 526.7k National currency

Source: Organisation for Economic Co-operation and Development. Measured in National currency.

Analysis

The most recent figure for annual government expenditure by function (cofog) — gross fixed in Euro area (20 countries) is 526,721 National currency, measured in 2024. That is the highest value across all 15 years on record.

Compared with earlier readings it is up 8.1% on the previous year and up 74.6% over ten years.

Over the whole period, annual government expenditure by function (cofog) — gross fixed in Euro area (20 countries) peaked at 526,721 National currency in 2024 and was at its lowest, 301,720 National currency, in 2014.

The long-run direction has been consistently rising across the 15 years of available data.

Annual government expenditure by function (COFOG) — Gross fixed in Euro area (20 countries), year by year

Annual values for Annual government expenditure by function (COFOG) — Gross fixed capital formation in Euro area (20 countries), 2010 to 2024.
Year National currency Change
2010 352,291 National currency
2011 332,097 National currency -5.7%
2012 316,545 National currency -4.7%
2013 309,738 National currency -2.2%
2014 301,720 National currency -2.6%
2015 312,959 National currency +3.7%
2016 307,504 National currency -1.7%
2017 318,747 National currency +3.7%
2018 338,790 National currency +6.3%
2019 362,151 National currency +6.9%
2020 377,544 National currency +4.3%
2021 402,621 National currency +6.6%
2022 432,526 National currency +7.4%
2023 487,412 National currency +12.7%
2024 526,721 National currency +8.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 325,254 National currency 301,720 National currency 362,151 National currency 10
2020s 445,365 National currency 377,544 National currency 526,721 National currency 5

Countries ranked near Euro area (20 countries)

  1. 1 Colombia 48.74 million National currency compare
  2. 2 Japan 24.54 million National currency compare
  3. 3 Hungary 3.46 million National currency compare
  4. 4 United States 985,722 National currency compare
  5. 5 Czechia 376,546 National currency compare

See the full ranking of 38 places →

More public sector data for Euro area (20 countries)

All data for Euro area (20 countries) →

Frequently asked questions

What is annual government expenditure by function (cofog) — gross fixed in Euro area (20 countries)?
Annual government expenditure by function (cofog) — gross fixed in Euro area (20 countries) was 526,721 National currency in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest annual government expenditure by function (cofog) — gross fixed recorded in Euro area (20 countries)?
The highest recorded value was 526,721 National currency in 2024.
What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Euro area (20 countries)?
The lowest recorded value was 301,720 National currency in 2014.
How does Euro area (20 countries) rank for annual government expenditure by function (cofog) — gross fixed?
Euro area (20 countries) ranks 2nd out of 8 regions with data for 2024.
Is annual government expenditure by function (cofog) — gross fixed rising or falling in Euro area (20 countries)?
Over the last ten years it is up 74.6%. The long-run trend across the full record is rising.
Where does this Euro area (20 countries) data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 15 observations, free to reuse under OECD Terms and Conditions (attribution required).

Share, cite or embed this page

Cite this page

Annual government expenditure by function (COFOG) — Gross fixed in Euro area (20 countries). Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 27 August 2026, from https://public-sector.statizoid.com/stat/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/euro-area-20-countries/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under OECD Terms and Conditions (attribution required); please keep the attribution.

<a href="https://public-sector.statizoid.com/stat/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/euro-area-20-countries/">Annual government expenditure by function (COFOG) — Gross fixed in Euro area (20 countries)</a> — Statizoid

About this data

Indicator
Annual government expenditure by function (COFOG) — Gross fixed capital formation
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
38 places, 1,116 data points, 1970–2025
Last refreshed

This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org