Expense in Luxembourg
Luxembourg: Expense was 42.2% in 2023. ▲ Rising
Expense in Luxembourg, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Luxembourg recorded 42.2% for expense in 2023.
The figure is up 3.3% on the previous year and up 9.5% over ten years.
Over the whole period, expense in Luxembourg peaked at 42.9% in 2020 and was at its lowest, 21.6%, in 1974.
That places Luxembourg 14th out of 157 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 52 years of available data.
Expense in Luxembourg, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 23.0% | — |
| 1973 | 22.0% | -4.3% |
| 1974 | 21.6% | -2.0% |
| 1975 | 29.8% | +37.8% |
| 1976 | 30.3% | +1.8% |
| 1977 | 33.0% | +9.1% |
| 1978 | 31.9% | -3.5% |
| 1979 | 32.8% | +2.8% |
| 1980 | 33.3% | +1.7% |
| 1981 | 35.1% | +5.4% |
| 1982 | 35.7% | +1.7% |
| 1983 | 35.5% | -0.5% |
| 1984 | 33.5% | -5.6% |
| 1985 | 32.0% | -4.5% |
| 1986 | 30.8% | -4.0% |
| 1987 | 32.0% | +4.1% |
| 1988 | 30.9% | -3.7% |
| 1989 | 28.1% | -9.0% |
| 1990 | 30.2% | +7.5% |
| 1991 | 30.2% | +0.2% |
| 1992 | 32.9% | +8.7% |
| 1993 | 32.3% | -1.6% |
| 1994 | 32.5% | +0.5% |
| 1995 | 37.6% | +15.8% |
| 1996 | 37.7% | +0.3% |
| 1997 | 37.5% | -0.5% |
| 1998 | 37.1% | -1.0% |
| 1999 | 35.7% | -3.8% |
| 2000 | 34.1% | -4.5% |
| 2001 | 35.2% | +3.3% |
| 2002 | 36.7% | +4.1% |
| 2003 | 38.2% | +4.2% |
| 2004 | 38.8% | +1.5% |
| 2005 | 38.2% | -1.6% |
| 2006 | 35.7% | -6.4% |
| 2007 | 34.0% | -4.8% |
| 2008 | 34.6% | +1.9% |
| 2009 | 38.7% | +11.7% |
| 2010 | 37.6% | -2.8% |
| 2011 | 37.8% | +0.5% |
| 2012 | 38.6% | +2.3% |
| 2013 | 38.6% | -0.2% |
| 2014 | 37.7% | -2.1% |
| 2015 | 37.2% | -1.4% |
| 2016 | 36.8% | -1.0% |
| 2017 | 37.8% | +2.5% |
| 2018 | 38.8% | +2.8% |
| 2019 | 39.5% | +1.7% |
| 2020 | 42.9% | +8.7% |
| 2021 | 39.0% | -9.1% |
| 2022 | 40.9% | +4.8% |
| 2023 | 42.2% | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.0% | 21.6% | 33.0% | 8 |
| 1980s | 32.7% | 28.1% | 35.7% | 10 |
| 1990s | 34.4% | 30.2% | 37.7% | 10 |
| 2000s | 36.4% | 34.0% | 38.8% | 10 |
| 2010s | 38.0% | 36.8% | 39.5% | 10 |
| 2020s | 41.3% | 39.0% | 42.9% | 4 |
Countries ranked near Luxembourg
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.31 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8014 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 118,006 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.5683 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6311 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 92,937 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 0.5682 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.615 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is expense in Luxembourg?
- Expense in Luxembourg was 42.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Luxembourg?
- The highest recorded value was 42.9% in 2020.
- What is the lowest expense recorded in Luxembourg?
- The lowest recorded value was 21.6% in 1974.
- How does Luxembourg rank for expense?
- Luxembourg ranks 14th out of 157 countries with data for 2023.
- Is expense rising or falling in Luxembourg?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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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.