Luxembourg recorded a Government Budget deficit equal to 4.10 percent of the country's Gross Domestic Product in 2020. source: STATEC, Luxembourg

Government Budget in Luxembourg averaged 1.68 percent of GDP from 1995 until 2020, reaching an all time high of 5.60 percent of GDP in 2001 and a record low of -4.10 percent of GDP in 2020. This page provides - Luxembourg Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Luxembourg is expected to reach -1.70 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Budget is projected to trend around -0.60 percent of GDP in 2022 and -0.40 percent of GDP in 2023, according to our econometric models.

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Luxembourg Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.10 2.40 5.60 -4.10 1995 - 2020 percent of GDP Yearly

Luxembourg Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.90 22.00 24.90 7.40 percent of GDP [+]
Government Budget -4.10 2.40 5.60 -4.10 percent of GDP [+]
Government Budget Value 1542.70 1841.40 1841.40 -358.40 EUR Million [+]
Government Spending 2487.00 2396.70 2487.00 958.10 EUR Million [+]
Government Spending to GDP 47.80 42.30 47.80 37.80 percent of GDP [+]
Government Revenues 28353.50 27202.10 28353.50 6838.20 EUR Million [+]
Fiscal Expenditure 26810.70 25360.80 26810.70 6417.20 EUR Million [+]
Military Expenditure 479.00 429.00 479.00 25.70 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 75.00 85.00 430.00 25.00 persons [+]


Luxembourg Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.