Government Spending in Luxembourg increased to 2487 EUR Million in the first quarter of 2021 from 2396.70 EUR Million in the fourth quarter of 2020. source: STATEC, Luxembourg

Government Spending in Luxembourg averaged 1611.33 EUR Million from 1995 until 2021, reaching an all time high of 2487 EUR Million in the first quarter of 2021 and a record low of 958.10 EUR Million in the first quarter of 1995. This page provides - Luxembourg Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Luxembourg is expected to be 2446.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Spending is projected to trend around 2538.00 EUR Million in 2022 and 2601.00 EUR Million in 2023, according to our econometric models.

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Luxembourg Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2487.00 2396.70 2487.00 958.10 1995 - 2021 EUR Million Quarterly
Constant Prices 2010, SA

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 -2620.20 1504.20 1841.40 -2620.20 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 28033.50 28381.20 28381.20 6838.20 EUR Million [+]
Fiscal Expenditure 30653.70 26877.00 30653.70 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 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.