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.
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
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -587.70 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -636.12 million current US$ (2024)
- Taxes less subsidies on products 8.46 billion current LCU (2025)
- Taxes less subsidies on products 9.55 billion current US$ (2025)
- Net primary income (Net income from abroad) -29.82 billion current LCU (2024)
- Net primary income (Net income from abroad) -32.27 billion current US$ (2024)
- GNI per capita 88,769 current LCU (2025)
- GNI per capita, Atlas method 95,720 current US$ (2025)
- GNI 60.98 billion current LCU (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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CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.