Luxembourg vs North America: Expense
Luxembourg
42.2%
in 2023
North America
24.0%
in 2023
Luxembourg rank
14th
North America rank
19th
Expense over time
- Luxembourg
- North America
How they compare
Luxembourg currently reports 42.2% against 24.0% in North America, a difference of 18.2%.
That makes Luxembourg's figure about 1.8 times North America's.
Across all 52 years both countries report, Luxembourg has been ahead every year.
Luxembourg ranks 14th and North America ranks 19th of 157 countries.
Luxembourg has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Luxembourg | North America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 28.0% | 18.8% | 9.2% | Luxembourg |
| 1980s | 32.7% | 21.6% | 11.1% | Luxembourg |
| 1990s | 34.4% | 20.7% | 13.7% | Luxembourg |
| 2000s | 36.4% | 20.7% | 15.8% | Luxembourg |
| 2010s | 38.0% | 22.8% | 15.3% | Luxembourg |
| 2020s | 41.3% | 27.5% | 13.7% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expense, Luxembourg or North America?
- Luxembourg, at 42.2% against 24.0% in North America as of 2023.
- What is the difference in expense between Luxembourg and North America?
- 18.2%, with Luxembourg ahead.
- How many years of comparable data are there for Luxembourg and North America?
- 52 years are reported by both, from 1972 to 2023.
- How do Luxembourg and North America rank globally for expense?
- Luxembourg ranks 14th and North America ranks 19th of 157 countries.
- 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.