Annual government expenditure by function (COFOG) — Gross fixed in European Union (27 countries from 01/02/2020)

European Union (27 countries from 01/02/2020): Annual government expenditure by function (COFOG) — Gross fixed was 658,534 National currency in 2024. ▲ Rising

Latest (2024)
658,534 National currency
Change on year
up 7.4%
Rank
1st
of 8 regions
All-time high
658,534 National currency
in 2024
All-time low
370,300 National currency
in 2016
Years of data
15
2010–2024

Annual government expenditure by function (COFOG) — Gross fixed in European Union (27 countries from 01/02/2020), 2010–2024

0200.0k400.0k600.0k2010201720242010: 418.3k National currency2011: 400.6k National currency2012: 383.0k National currency2013: 374.7k National currency2014: 372.7k National currency2015: 390.1k National currency2016: 370.3k National currency2017: 387.7k National currency2018: 419.5k National currency2019: 447.8k National currency2020: 469.0k National currency2021: 496.9k National currency2022: 533.3k National currency2023: 613.4k National currency2024: 658.5k 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 European Union (27 countries from 01/02/2020) is 658,534 National currency, measured in 2024. That is the highest value across all 15 years on record.

Compared with earlier readings it is up 7.4% on the previous year and up 76.7% over ten years.

Over the whole period, annual government expenditure by function (cofog) — gross fixed in European Union (27 countries from 01/02/2020) peaked at 658,534 National currency in 2024 and was at its lowest, 370,300 National currency, in 2016.

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

Annual government expenditure by function (COFOG) — Gross fixed in European Union (27 countries from 01/02/2020), year by year

Annual values for Annual government expenditure by function (COFOG) — Gross fixed capital formation in European Union (27 countries from 01/02/2020), 2010 to 2024.
Year National currency Change
2010 418,283 National currency
2011 400,590 National currency -4.2%
2012 383,013 National currency -4.4%
2013 374,662 National currency -2.2%
2014 372,746 National currency -0.5%
2015 390,088 National currency +4.7%
2016 370,300 National currency -5.1%
2017 387,728 National currency +4.7%
2018 419,501 National currency +8.2%
2019 447,804 National currency +6.7%
2020 468,994 National currency +4.7%
2021 496,948 National currency +6.0%
2022 533,323 National currency +7.3%
2023 613,431 National currency +15.0%
2024 658,534 National currency +7.4%

Averages by decade

DecadeAverage LowestHighest Years
2010s 396,472 National currency 370,300 National currency 447,804 National currency 10
2020s 554,246 National currency 468,994 National currency 658,534 National currency 5

Countries ranked near European Union (27 countries from 01/02/2020)

  1. 1 Colombia 48.74 million National currency compare
  2. 2 Japan 24.54 million National currency compare
  3. 3 Poland 176,359 National currency compare
  4. 3 Hungary 3.46 million National currency compare
  5. 3 Croatia 4,494 National currency compare
  6. 4 Netherlands 36,895 National currency compare
  7. 4 United States of America 985,722 National currency compare

See the full ranking of 38 places →

More public sector data for European Union (27 countries from 01/02/2020)

All data for European Union (27 countries from 01/02/2020) →

Frequently asked questions

What is annual government expenditure by function (cofog) — gross fixed in European Union (27 countries from 01/02/2020)?
Annual government expenditure by function (cofog) — gross fixed in European Union (27 countries from 01/02/2020) was 658,534 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 European Union (27 countries from 01/02/2020)?
The highest recorded value was 658,534 National currency in 2024.
What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in European Union (27 countries from 01/02/2020)?
The lowest recorded value was 370,300 National currency in 2016.
How does European Union (27 countries from 01/02/2020) rank for annual government expenditure by function (cofog) — gross fixed?
European Union (27 countries from 01/02/2020) ranks 1st out of 8 regions with data for 2024.
Is annual government expenditure by function (cofog) — gross fixed rising or falling in European Union (27 countries from 01/02/2020)?
Over the last ten years it is up 76.7%. The long-run trend across the full record is rising.
Where does this European Union (27 countries from 01/02/2020) 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.

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Annual government expenditure by function (COFOG) — Gross fixed in European Union (27 countries from 01/02/2020). Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 05 September 2026, from https://public-sector.statizoid.com/stat/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/european-union-27-countries-from-01-02-2020/

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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