Africa's Development: Public finances General government … 16 in Luxembourg
Luxembourg: Africa's Development: Public finances General government … 16 was 50.23 Percentage of GDP in 2029. ▲ Rising
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Luxembourg, 2000–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Luxembourg recorded 50.23 Percentage of GDP for africa's development dynamics (afdd) table 16 - public finances in 2029. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 0.8% on the previous year and up 16.5% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Luxembourg peaked at 50.23 Percentage of GDP in 2029 and was at its lowest, 37.39 Percentage of GDP, in 2007.
Luxembourg ranks 9th of 166 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Africa's Development: Public finances General government … 16 in Luxembourg, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 37.97 Percentage of GDP | — |
| 2001 | 38.14 Percentage of GDP | +0.4% |
| 2002 | 41.76 Percentage of GDP | +9.5% |
| 2003 | 43.34 Percentage of GDP | +3.8% |
| 2004 | 43.67 Percentage of GDP | +0.8% |
| 2005 | 43.44 Percentage of GDP | -0.5% |
| 2006 | 39.4 Percentage of GDP | -9.3% |
| 2007 | 37.39 Percentage of GDP | -5.1% |
| 2008 | 37.93 Percentage of GDP | +1.4% |
| 2009 | 42.7 Percentage of GDP | +12.6% |
| 2010 | 41.96 Percentage of GDP | -1.7% |
| 2011 | 41.5 Percentage of GDP | -1.1% |
| 2012 | 41.81 Percentage of GDP | +0.7% |
| 2013 | 41.24 Percentage of GDP | -1.4% |
| 2014 | 40.61 Percentage of GDP | -1.5% |
| 2015 | 40.37 Percentage of GDP | -0.6% |
| 2016 | 40.04 Percentage of GDP | -0.8% |
| 2017 | 41.28 Percentage of GDP | +3.1% |
| 2018 | 42.3 Percentage of GDP | +2.5% |
| 2019 | 43.11 Percentage of GDP | +1.9% |
| 2020 | 46.96 Percentage of GDP | +8.9% |
| 2021 | 42.86 Percentage of GDP | -8.7% |
| 2022 | 43.89 Percentage of GDP | +2.4% |
| 2023 | 47.79 Percentage of GDP | +8.9% |
| 2024 | 49.1 Percentage of GDP | +2.7% |
| 2025 | 49.28 Percentage of GDP | +0.4% |
| 2026 | 49.18 Percentage of GDP | -0.2% |
| 2027 | 49.51 Percentage of GDP | +0.7% |
| 2028 | 49.83 Percentage of GDP | +0.6% |
| 2029 | 50.23 Percentage of GDP | +0.8% |
Luxembourg compared with similar countries
- Luxembourg's 50.23 Percentage of GDP is above the median for high income countries, which is 37.73 Percentage of GDP, 1.3× the median. (52 countries reporting)
- Luxembourg's 50.23 Percentage of GDP is above the median for Europe & Central Asia, which is 42.09 Percentage of GDP, 1.2× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.57 Percentage of GDP | 37.39 Percentage of GDP | 43.67 Percentage of GDP | 10 |
| 2010s | 41.42 Percentage of GDP | 40.04 Percentage of GDP | 43.11 Percentage of GDP | 10 |
| 2020s | 47.86 Percentage of GDP | 42.86 Percentage of GDP | 50.23 Percentage of GDP | 10 |
Countries ranked near Luxembourg
- 6 France 55.73 Percentage of GDP compare
- 6 Slovenia 45.79 Percentage of GDP compare
- 7 Estonia 43.22 Percentage of GDP compare
- 7 Finland 53.73 Percentage of GDP compare
- 8 Austria 51.15 Percentage of GDP compare
- 10 Italy 50 Percentage of GDP compare
- 10 Latvia 38.69 Percentage of GDP compare
- 10 Fiji 30.19 Percentage of GDP compare
- 11 Denmark 49.73 Percentage of GDP compare
- 11 Eswatini 29.21 Percentage of GDP compare
- 12 Lithuania 36.84 Percentage of GDP compare
- 12 Kuwait 48.68 Percentage of GDP compare
More economy & growth data for Luxembourg
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 3,041 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.1234 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0151 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 2,220 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.62 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0133 units per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Luxembourg?
- Africa's development dynamics (afdd) table 16 - public finances in Luxembourg was 50.23 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Luxembourg?
- The highest recorded value was 50.23 Percentage of GDP in 2029.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Luxembourg?
- The lowest recorded value was 37.39 Percentage of GDP in 2007.
- How does Luxembourg rank for africa's development dynamics (afdd) table 16 - public finances?
- Luxembourg ranks 9th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Luxembourg?
- Over the last ten years it is up 16.5%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.