Luxembourg recorded a Government Budget surplus equal to 2.20 percent of the country's Gross Domestic Product in 2019.

Government Budget in Luxembourg averaged 1.89 percent of GDP from 1995 until 2019, reaching an all time high of 5.70 percent of GDP in 2001 and a record low of -1.40 percent of GDP in 2004. 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 October of 2020.

Government Budget in Luxembourg is expected to reach -2.80 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Budget is projected to trend around -3.60 percent of GDP in 2021 and -2.40 percent of GDP in 2022, according to our econometric models.

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Luxembourg Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
2.20 3.10 5.70 -1.40 1995 - 2019 percent of GDP Yearly

Luxembourg Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.10 21.00 23.70 7.40 percent [+]
Government Budget 2.20 3.10 5.70 -1.40 percent of GDP [+]
Government Budget Value 1600.00 768.50 1600.00 -358.40 EUR Million [+]
Government Spending 2261.90 2268.70 2268.70 958.10 EUR Million [+]
Government Spending to GDP 42.60 42.30 45.70 37.90 percent [+]
Government Revenues 26788.30 24525.60 26788.30 6838.20 EUR Million [+]
Fiscal Expenditure 25188.30 23757.00 25188.30 6417.20 EUR Million [+]
Military Expenditure 393.00 358.00 393.00 24.90 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 110.00 60.00 430.00 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.