Expense in Luxembourg
Luxembourg: Expense was 34.68 billion current LCU in 2023. ◆ Volatile
Expense in Luxembourg, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Luxembourg is 34.68 billion current LCU, measured in 2023. That is the highest value across all 52 years on record.
The figure is up 10.5% on the previous year and up 83.2% over ten years.
Over the whole period, expense in Luxembourg peaked at 34.68 billion current LCU in 2023 and was at its lowest, 477.39 million current LCU, in 1972.
That places Luxembourg 114th out of 157 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 891.85 million current LCU | 477.39 million current LCU | 1.31 billion current LCU | 8 |
| 1980s | 2.14 billion current LCU | 1.45 billion current LCU | 2.75 billion current LCU | 10 |
| 1990s | 5.24 billion current LCU | 3.19 billion current LCU | 7.34 billion current LCU | 10 |
| 2000s | 11.19 billion current LCU | 7.84 billion current LCU | 15.10 billion current LCU | 10 |
| 2010s | 19.99 billion current LCU | 15.94 billion current LCU | 24.64 billion current LCU | 10 |
| 2020s | 30.56 billion current LCU | 27.67 billion current LCU | 34.68 billion current LCU | 4 |
Countries ranked near Luxembourg
More public sector data for Luxembourg
- Arms imports 3.00 million SIPRI trend indicator values (2024)
- Tax revenue 28.6% (2024)
- Taxes on income, profits and capital gains 35.6% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 2.9% (2024)
- Net lending (+) / net borrowing (-) 0.8% (2024)
- Interest payments 0.6% (2024)
- Grants and other revenue 8.4% (1994)
- Interest payments 0.6% (2023)
- Other taxes 3.4% (2024)
Frequently asked questions
- What is expense in Luxembourg?
- Expense in Luxembourg was 34.68 billion current LCU 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 34.68 billion current LCU in 2023.
- What is the lowest expense recorded in Luxembourg?
- The lowest recorded value was 477.39 million current LCU in 1972.
- How does Luxembourg rank for expense?
- Luxembourg ranks 114th out of 157 countries with data for 2023.
- Is expense rising or falling in Luxembourg?
- Over the last ten years it is up 83.2%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.