How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Luxembourg?

14 years are reported by both, from 2010 to 2023.

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.

Latin America & the Caribbean (IDA & IBRD countries) vs Luxembourg: Expense

Latin America & the Caribbean (IDA & IBRD countries)

27.6%

in 2023

Luxembourg

42.2%

in 2023

Latin America & the Caribbean (IDA & IBRD countries) rank

16th

Luxembourg rank

14th

Expense over time

Latin America & the Caribbean (IDA & IBRD countries)
Luxembourg

How they compare

Luxembourg currently reports 42.2% against 27.6% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 14.6%.

That makes Luxembourg's figure about 1.5 times Latin America & the Caribbean (IDA & IBRD countries)'s.

Across all 14 years both countries report, Luxembourg has been ahead every year.

Latin America & the Caribbean (IDA & IBRD countries) ranks 16th 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 & the Caribbean (IDA & IBRD countries)	Luxembourg	Difference	Ahead
2010s	25.7%	38.0%	12.3%	Luxembourg
2020s	27.7%	41.3%	13.6%	Luxembourg

Averages of every year both report within each decade.

Frequently asked questions

Which has higher expense, Latin America & the Caribbean (IDA & IBRD countries) or Luxembourg?: Luxembourg, at 42.2% against 27.6% in Latin America & the Caribbean (IDA & IBRD countries) as of 2023.
What is the difference in expense between Latin America & the Caribbean (IDA & IBRD countries) and Luxembourg?: 14.6%, with Luxembourg ahead.
How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Luxembourg?: 14 years are reported by both, from 2010 to 2023.
How do Latin America & the Caribbean (IDA & IBRD countries) and Luxembourg rank globally for expense?: Latin America & the Caribbean (IDA & IBRD countries) ranks 16th 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.

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Latin America & the Caribbean (IDA & IBRD countries) vs Luxembourg: Expense. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 17 September 2026, from https://economy.statizoid.com/compare/expense-percent-of-gdp/latin-america-and-the-caribbean-ida-and-ibrd-countries/luxembourg/

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About this data

Indicator: Expense (% of GDP)
Unit: % of GDP
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 183 places, 5,211 data points, 1972–2024
Last refreshed: 17 September 2026

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.