Luxembourg Consolidated Fiscal Balance: % of GDP

1995 - 2023 | Yearly | % | CEIC Data

Key information about Luxembourg Consolidated Fiscal Balance: % of GDP

  • Luxembourg Consolidated Fiscal Balance recorded a deficit equal to 0.7 % of its Nominal GDP in Dec 2023, compared with a surplus equal to 0.2 % in the previous year
  • Luxembourg Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1995 to Dec 2023, with an average ratio of 1.4 %
  • The data reached an all-time high of 5.6 % in Dec 2001 and a record low of -3.1 % in Dec 2020
CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and annual Nominal GDP. The Statistics Portal of Luxembourg provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR.


Further information about Luxembourg Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Luxembourg National Government Debt reached 23.3 USD bn in Jun 2024
  • Luxembourg Nominal GDP reached 22.0 USD bn in Mar 2023

View Luxembourg's Consolidated Fiscal Balance: % of GDP from 1995 to 2023 in the chart:

Luxembourg Consolidated Fiscal Balance: % of GDP

What was Luxembourg's Consolidated Fiscal Balance: % of GDP in 2023?

Luxembourg Consolidated Fiscal Balance recorded a deficit equal to 0.7 % of its Nominal GDP in Dec 2023, compared with a surplus equal to 0.2 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.7 2023 0.2 2022 -3.1 2020 5.6 2001 % yearly 1995 - 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -1.3 2023 yearly 1997 - 2023
Algeria (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) -0.2 Sep 2024 quarterly Dec 2004 - Sep 2024
Armenia (%) -3.1 Sep 2024 quarterly Dec 2002 - Sep 2024
Australia (%) -2.1 Sep 2024 quarterly Jun 2003 - Sep 2024
Austria (%) -3.4 Jun 2024 quarterly Dec 2001 - Jun 2024
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.5 2023 yearly 1970 - 2023
Bolivia (%) -9.7 2023 yearly 1990 - 2023
Bosnia and Herzegovina (%) 2.8 Sep 2024 quarterly Dec 2008 - Sep 2024
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -7.3 Sep 2024 quarterly Dec 1997 - Sep 2024
Brunei (%) -11.9 2023 yearly 2010 - 2023
Bulgaria (%) -3.8 Sep 2024 quarterly Sep 2003 - Sep 2024
Cambodia (%) -0.1 2022 yearly 2007 - 2022
Canada (%) -1.8 Sep 2024 quarterly Jun 1993 - Sep 2024
Chile (%) -2.3 2023 yearly 1990 - 2023
China (%) -4.9 Sep 2024 quarterly Dec 1995 - Sep 2024
Colombia (%) -8.5 Mar 2024 quarterly Dec 2000 - Mar 2024
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 4.2 Sep 2024 quarterly Dec 1995 - Sep 2024
Czech Republic (%) -2.6 Sep 2024 quarterly Dec 1999 - Sep 2024
Denmark (%) 3.5 Sep 2024 quarterly Dec 1999 - Sep 2024
Ecuador (%) -1.8 Jun 2024 quarterly Dec 2000 - Jun 2024
Estonia (%) -3.1 Sep 2024 quarterly Dec 1999 - Sep 2024
European Union (%) -3.5 2023 yearly 1995 - 2023
Finland (%) -4.6 Sep 2024 quarterly Dec 1999 - Sep 2024
France (%) -6.0 Sep 2024 quarterly Dec 1949 - Sep 2024
Georgia (%) -1.8 Sep 2024 quarterly Dec 2006 - Sep 2024
Germany (%) -2.6 Sep 2024 quarterly Dec 1991 - Sep 2024
Ghana (%) -3.5 Jun 2024 quarterly Dec 2008 - Jun 2024
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -6.1 Sep 2024 quarterly Sep 1999 - Sep 2024
Hungary (%) -5.5 Jun 2024 quarterly Dec 1999 - Jun 2024
Iceland (%) -3.1 Sep 2024 quarterly Mar 2002 - Sep 2024
India (%) -4.6 Sep 2024 quarterly Mar 2005 - Sep 2024
Indonesia (%) -3.0 Sep 2024 quarterly Dec 2014 - Sep 2024
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.9 Jun 2024 quarterly Dec 2000 - Jun 2024
Israel (%) -8.5 Sep 2024 quarterly Dec 1999 - Sep 2024
Italy (%) -5.0 Sep 2024 quarterly Dec 1999 - Sep 2024
Ivory Coast (%) -5.3 2023 yearly 1960 - 2023
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) 0.0 Sep 2024 quarterly Dec 2008 - Sep 2024
Kenya (%) -2.0 Sep 2024 quarterly Dec 2009 - Sep 2024
South Korea (%) -2.3 Sep 2024 quarterly Jun 2000 - Sep 2024
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) -3.1 2023 yearly 1988 - 2023
Kyrgyzstan (%) 4.2 Oct 2024 monthly Jan 2007 - Oct 2024
Laos (%) 0.6 2023 yearly 2012 - 2023
Latvia (%) -1.8 Jun 2024 quarterly Dec 1999 - Jun 2024
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.4 Sep 2024 quarterly Dec 1999 - Sep 2024
Luxembourg (%) -0.7 2023 yearly 1995 - 2023
Macau SAR, China (%) 7.3 Sep 2024 quarterly Dec 2003 - Sep 2024
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -5.9 2023 yearly 1970 - 2023
Malta (%) -3.4 Jun 2024 quarterly Dec 1999 - Jun 2024
Mauritius (%) -6.3 Mar 2024 quarterly Dec 2010 - Mar 2024
Mexico (%) -4.2 Sep 2024 quarterly Dec 1980 - Sep 2024
Moldova (%) -5.2 2023 yearly 1998 - 2023
Mongolia (%) 0.1 Sep 2024 quarterly Dec 2000 - Sep 2024
Montenegro (%) -0.9 Sep 2024 quarterly Dec 2012 - Sep 2024
Morocco (%) -5.0 2023 yearly 1980 - 2023
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -1.0 Sep 2024 quarterly Dec 1999 - Sep 2024
Nigeria (%) -5.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 13.3 Sep 2024 quarterly Dec 2002 - Sep 2024
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -3.7 2024 yearly 2000 - 2024
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.0 2023 yearly 2003 - 2023
Paraguay (%) -1.0 Sep 2024 quarterly Dec 2003 - Sep 2024
Peru (%) -4.2 Sep 2024 quarterly Dec 1990 - Sep 2024
Philippines (%) -5.8 Sep 2024 quarterly Dec 1985 - Sep 2024
Poland (%) -5.3 2023 yearly 1995 - 2023
Portugal (%) 1.0 Sep 2024 quarterly Dec 1995 - Sep 2024
Qatar (%) 1.3 Jun 2024 quarterly Mar 2011 - Jun 2024
Romania (%) -7.5 Sep 2024 quarterly Dec 2004 - Sep 2024
Russia (%) -0.6 Jun 2024 quarterly Dec 1993 - Jun 2024
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -1.8 Sep 2024 quarterly Dec 2005 - Sep 2024
Singapore (%) 2.1 Sep 2024 quarterly Mar 2012 - Sep 2024
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -2.8 Sep 2024 quarterly Dec 2000 - Sep 2024
South Africa (%) -4.5 Sep 2024 quarterly Dec 1990 - Sep 2024
Spain (%) -3.2 Sep 2024 quarterly Dec 1995 - Sep 2024
Sri Lanka (%) -5.6 Sep 2024 quarterly Dec 2014 - Sep 2024
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -0.6 2023 yearly 1995 - 2023
Switzerland (%) 0.2 2023 yearly 1990 - 2023

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.7 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 25,176.022 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.4 2023 yearly 1995 - 2023
National Government Debt (USD mn) 24,343.2 Sep 2024 quarterly Dec 1995 - Sep 2024
Government Debt: % of GDP (%) 26.6 Sep 2024 quarterly Dec 1997 - Sep 2024
Forecast: Government Expenditure (EUR bn) 52.013 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.210 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.231 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 21,842.266 Sep 2024 quarterly Dec 1995 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2029 yearly 1987 - 2029
Trade Balance (USD mn) -726.2 Oct 2024 monthly Jan 1988 - Oct 2024
Total Exports (USD mn) 1,371.9 Oct 2024 monthly Jan 1988 - Oct 2024
Total Exports Growth (%) -1.2 Oct 2024 monthly Jan 1989 - Oct 2024
Aluminum: Exports (USD th) 413,397.902 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 128,091.639 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 26,657.616 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,098.1 Oct 2024 monthly Jan 1988 - Oct 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 565,025.761 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 534,366.476 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 48.608 Oct 2024 monthly Jan 1988 - Oct 2024
Total Imports from USA (USD mn) 79.234 Oct 2024 monthly Jan 1988 - Oct 2024
Total Exports to China (USD mn) 16.480 Sep 2024 monthly Jan 1997 - Sep 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -666.562 Oct 2024 monthly Jan 1988 - Oct 2024
Exports (EUR mn) 1,294.590 Oct 2024 monthly Jan 1988 - Oct 2024
Imports: sa (EUR mn) 1,925.737 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: sa (EUR mn) 1,259.175 Oct 2024 monthly Jan 1988 - Oct 2024
Total Exports: MoM: sa (%) 5.990 Oct 2024 monthly Feb 1988 - Oct 2024
Total Exports: YoY (%) -1.144 Oct 2024 monthly Jan 1989 - Oct 2024
Total Imports: MoM: sa (%) -2.158 Oct 2024 monthly Feb 1988 - Oct 2024
Total Imports: YoY (%) -2.852 Oct 2024 monthly Jan 1989 - Oct 2024
Exports: Chemicals and Related Products (EUR mn) 163.719 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: Other Manufactured Goods (EUR mn) 201.768 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: Base Metal Products (EUR mn) 260.729 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: Transport Equipment (EUR mn) 152.817 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: Machinery and Equipment (EUR mn) 204.463 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: America: ow United States of America (EUR mn) 44.615 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: Asia: ow Japan (EUR mn) 5.019 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 315.411 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 180.777 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: European Union (EUR mn) 1,058.485 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 204.596 Oct 2024 monthly Jan 1988 - Oct 2024
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -26,869.6 Sep 2024 quarterly Mar 2002 - Sep 2024
Current Account Balance (USD mn) 2,429.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Current Account Balance: % of GDP (%) 10.8 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Direct Investment (USD mn) -26,861.8 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Direct Investment: % of GDP (%) -119.8 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment (USD mn) 22,177.781 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 98.9 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 72,142.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 5,697.134 Jun 2024 quarterly Mar 2002 - Jun 2024
External Debt (USD mn) 3,929,684.1 Sep 2024 quarterly Dec 2002 - Sep 2024
External Debt: % of GDP (%) 4,446.8 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,088,503.7 Sep 2024 quarterly Dec 2002 - Sep 2024
External Debt: Short Term: % of GDP (%) 1,154.1 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,257.0 Sep 2024 quarterly Dec 1995 - Sep 2024
Forecast: Current Account Balance (USD bn) 8.028 2029 yearly 1995 - 2029
Net International Investment Position (USD mn) 34,398.299 Sep 2024 quarterly Dec 2002 - Sep 2024
BoP: FA: PI: DS: Liabilities (EUR mn) 8,816.544 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) 13,000.226 Sep 2024 quarterly Mar 2002 - Sep 2024
IIP: Assets (EUR mn) 12,362,751.139 Sep 2024 quarterly Dec 2002 - Sep 2024
International Investment Position (IIP): Net (EUR mn) 30,864.333 Sep 2024 quarterly Dec 2002 - Sep 2024
IIP: Liabilities (EUR mn) 12,331,886.806 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt (EUR mn) 3,525,961.513 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government (EUR mn) 11,545.953 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,545.953 Sep 2024 quarterly Dec 2002 - Sep 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 64.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Money Supply M1 (USD mn) 316,199.060 Nov 2024 monthly Jan 1999 - Nov 2024
Money Supply M2 (USD mn) 413,969.750 Nov 2024 monthly Jan 1999 - Nov 2024
M2 Growth (%) 4.7 Nov 2024 monthly Jan 2000 - Nov 2024
Reserve Requirement Ratio (%) 1.0 Nov 2024 monthly Jan 1999 - Nov 2024
Foreign Exchange Reserves (USD mn) 43.7 Nov 2024 monthly Jan 1999 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 0.220 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 0.1 Oct 2024 monthly Jan 1999 - Oct 2024
Gold Reserves (USD mn) 191.603 Nov 2024 monthly Jan 1999 - Nov 2024
Total Deposits (USD mn) 867,652.624 Sep 2024 quarterly Mar 2003 - Sep 2024
Total Deposits Growth (%) -0.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Domestic Credit (USD mn) 158,092.7 Aug 2024 monthly Jan 1999 - Aug 2024
Domestic Credit Growth (%) 2.9 Aug 2024 monthly Jan 2000 - Aug 2024
Credit to Households (USD bn) 58.915 Jun 2024 quarterly Mar 1995 - Jun 2024
Credit to Private Non-Financial Sector (USD bn) 403.186 Jun 2024 quarterly Mar 1995 - Jun 2024
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 728,325.195 Nov 2024 monthly Jan 2001 - Nov 2024
Total Loans Growth (%) -0.59 Nov 2024 monthly Jan 2002 - Nov 2024
Private Debt: % of Nominal GDP (%) 88.31 Sep 2024 quarterly Mar 1999 - Sep 2024
Money Supply: M3 (EUR bn) 527.600 Nov 2024 monthly Jan 1999 - Nov 2024
Money Supply: M3: M2: M1 (EUR bn) 299.800 Nov 2024 monthly Jan 1999 - Nov 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Money Supply: M3: M2 (EUR bn) 392.500 Nov 2024 monthly Jan 1999 - Nov 2024
Official Reserve Assets: Foreign Exchange (EUR mn) 41.459 Nov 2024 monthly Jan 1999 - Nov 2024
Official Reserve Assets (EUR mn) 2,672.320 Nov 2024 monthly Jan 1999 - Nov 2024
Bank Deposits: Domestic (EUR mn) 314,598.500 Nov 2024 monthly Jan 2003 - Nov 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 146,209.030 Nov 2024 monthly Jan 1999 - Nov 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 5.2 Dec 2024 monthly Jan 1986 - Dec 2024

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