Latin America & Caribbean vs Luxembourg: Expense
Latin America & Caribbean
27.6%
in 2023
Luxembourg
42.2%
in 2023
Latin America & Caribbean rank
17th
Luxembourg rank
14th
Expense over time
- Latin America & Caribbean
- Luxembourg
How they compare
Luxembourg currently reports 42.2% against 27.6% in Latin America & Caribbean, a difference of 14.6%.
That makes Luxembourg's figure about 1.5 times Latin America & Caribbean's.
Across all 14 years both countries report, Luxembourg has been ahead every year.
Latin America & Caribbean ranks 17th and Luxembourg ranks 14th of 26 groups.
Luxembourg has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 25.7% | 38.0% | 12.4% | Luxembourg |
| 2020s | 27.6% | 41.3% | 13.6% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expense, Latin America & Caribbean or Luxembourg?
- Luxembourg, at 42.2% against 27.6% in Latin America & Caribbean as of 2023.
- What is the difference in expense between Latin America & Caribbean and Luxembourg?
- 14.6%, with Luxembourg ahead.
- How many years of comparable data are there for Latin America & Caribbean and Luxembourg?
- 14 years are reported by both, from 2010 to 2023.
- How do Latin America & Caribbean and Luxembourg rank globally for expense?
- Latin America & Caribbean ranks 17th and Luxembourg ranks 14th of 26 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Expense (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.