Annual growth of general government final consumption expenditure in Luxembourg
Luxembourg: Annual growth of general government final consumption expenditure was 2.53 in 2023. ◆ Volatile
Latest (2023)
2.53
Change on year
down 3.4%
World rank
69th
of 167 countries
All-time high
7.28
in 2020
All-time low
0.09
in 2006
Years of data
24
2000–2023
Annual growth of general government final consumption expenditure in Luxembourg, 2000–2023
Source: Our World in Data.
Analysis
Luxembourg recorded 2.53 for annual growth of general government final consumption expenditure in 2023.
The figure is down 3.4% on the previous year and down 37.5% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Luxembourg peaked at 7.28 in 2020 and was at its lowest, 0.09, in 2006.
That places Luxembourg 69th out of 167 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of general government final consumption expenditure in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.71 | — |
| 2001 | 6.83 | +84.1% |
| 2002 | 3.28 | -52.0% |
| 2003 | 2.36 | -28.0% |
| 2004 | 3.19 | +35.2% |
| 2005 | 2.99 | -6.3% |
| 2006 | 0.09 | -97.0% |
| 2007 | 0.41 | +355.6% |
| 2008 | 3.21 | +682.9% |
| 2009 | 4.61 | +43.6% |
| 2010 | 3.78 | -18.0% |
| 2011 | 2.81 | -25.7% |
| 2012 | 3.84 | +36.7% |
| 2013 | 4.05 | +5.5% |
| 2014 | 1.13 | -72.1% |
| 2015 | 1.93 | +70.8% |
| 2016 | 1.11 | -42.5% |
| 2017 | 4.04 | +264.0% |
| 2018 | 5.42 | +34.2% |
| 2019 | 2.77 | -48.9% |
| 2020 | 7.28 | +162.8% |
| 2021 | 5.08 | -30.2% |
| 2022 | 2.62 | -48.4% |
| 2023 | 2.53 | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.07 | 0.09 | 6.83 | 10 |
| 2010s | 3.09 | 1.11 | 5.42 | 10 |
| 2020s | 4.38 | 2.53 | 7.28 | 4 |
Countries ranked near Luxembourg
- 67 Togo 2.56 compare
- 68 Cape Verde 2.54 compare
- 70 India 2.45 compare
- 71 Türkiye 2.43 compare
- 72 Bolivia, Plurinational State of 2.39 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 1.8 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 1.15 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 169,223 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 6.26 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 1.78 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.15 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0021 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 302.6 current LCU per person (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Luxembourg?
- Annual growth of general government final consumption expenditure in Luxembourg was 2.53 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Luxembourg?
- The highest recorded value was 7.28 in 2020.
- What is the lowest annual growth of general government final consumption expenditure recorded in Luxembourg?
- The lowest recorded value was 0.09 in 2006.
- How does Luxembourg rank for annual growth of general government final consumption expenditure?
- Luxembourg ranks 69th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Luxembourg?
- Over the last ten years it is down 37.5%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
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