Luxembourg Government Debt: % of GDP

1997 - 2024 | Quarterly | % | CEIC Data

Key information about Luxembourg Government Debt: % of GDP

  • Luxembourg Government debt accounted for 26.8 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 27.1 % in the previous quarter.
  • Luxembourg government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Jun 2024.
  • The data reached an all-time high of 28.3 % in Mar 2023 and a record low of 6.8 % in Mar 2004.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Statistics Portal of Luxembourg provides Government Debt in EUR and Nominal GDP in EUR.


Related information about Luxembourg Government Debt: % of GDP

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

View Luxembourg's Government Debt: % of GDP from Dec 1997 to Jun 2024 in the chart:

Luxembourg Government Debt: % of GDP

What was Luxembourg's Government Debt: % of GDP in Jun 2024?

Luxembourg Government debt accounted for 26.8 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 27.1 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
26.8 Jun 2024 27.1 Mar 2024 6.8 Mar 2004 28.3 Mar 2023 % quarterly Dec 1997 - Jun 2024

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 53.7 Jun 2024 quarterly Sep 2010 - Jun 2024
Algeria (%) 48.9 2023 yearly 1997 - 2023
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.9 Sep 2024 quarterly Dec 2013 - Sep 2024
Australia (%) 38.0 2023 yearly 1999 - 2023
Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 88.7 Jun 2024 quarterly Dec 2007 - Jun 2024
Bangladesh (%) 26.4 2024 yearly 2010 - 2024
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.5 Mar 2024 quarterly Dec 1980 - Mar 2024
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
Botswana (%) 17.3 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 77.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Bulgaria (%) 22.1 Jun 2024 quarterly Mar 2007 - Jun 2024
Cambodia (%) 25.3 2022 yearly 2013 - 2022
Canada (%) 68.6 2024 yearly 1962 - 2024
Chile (%) 40.9 Jun 2024 quarterly Mar 2002 - Jun 2024
China (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Colombia (%) 62.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Croatia (%) 60.1 Jun 2024 quarterly Dec 1995 - Jun 2024
Cyprus (%) 69.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Czech Republic (%) 42.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Denmark (%) 33.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Ecuador (%) 66.9 Jun 2024 quarterly Dec 2005 - Jun 2024
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 24.0 Sep 2024 quarterly Mar 2000 - Sep 2024
European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Finland (%) 81.5 Sep 2024 quarterly Mar 2000 - Sep 2024
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 37.2 Sep 2024 quarterly Mar 2006 - Sep 2024
Germany (%) 62.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Ghana (%) 72.3 2023 yearly 2006 - 2023
Greece (%) 160.0 Jun 2024 quarterly Dec 1999 - Jun 2024
Hong Kong SAR, China (%) 49.1 2024 yearly 2003 - 2024
Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
Iceland (%) 64.2 2023 yearly 1998 - 2023
India (%) 58.3 Jun 2024 quarterly Mar 2012 - Jun 2024
Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Ireland (%) 42.7 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 138.3 Sep 2024 quarterly Dec 1995 - Sep 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.4 Sep 2024 quarterly Dec 1994 - Sep 2024
Jordan (%) 89.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 67.2 Jun 2024 quarterly Dec 2009 - Jun 2024
South Korea (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 41.7 Sep 2024 quarterly Mar 2011 - Sep 2024
Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Luxembourg (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
North Macedonia (%) 50.4 Sep 2024 quarterly Dec 2009 - Sep 2024
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Malta (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
Moldova (%) 34.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Morocco (%) 71.5 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
New Zealand (%) 44.3 Sep 2024 quarterly Dec 2006 - Sep 2024
Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 44.6 2023 yearly 1995 - 2023
Oman (%) 36.5 2023 yearly 1990 - 2023
Pakistan (%) 72.3 2023 yearly 2000 - 2023
Palestinian Territory (%) 116.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Panama (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Paraguay (%) 36.6 Sep 2024 quarterly Dec 2014 - Sep 2024
Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 97.4 Sep 2024 quarterly Dec 1995 - Sep 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 53.1 Sep 2024 quarterly Dec 2011 - Sep 2024
Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 28.5 Sep 2024 quarterly Dec 2016 - Sep 2024
Serbia (%) 47.4 Sep 2024 quarterly Sep 2004 - Sep 2024
Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Slovenia (%) 69.5 Jun 2024 quarterly Dec 1999 - Jun 2024
South Africa (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
Spain (%) 104.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Sri Lanka (%) 98.8 Jun 2024 quarterly Mar 2014 - Jun 2024
Sweden (%) 32.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 23.3 2028 yearly 1990 - 2028
Taiwan (%) 29.0 2023 yearly 1996 - 2023
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 26.1 Jun 2024 quarterly Dec 2001 - Jun 2024
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 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) 23,262.2 Jun 2024 quarterly Dec 1995 - Jun 2024
Government Debt: % of GDP (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 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) 21,718.047 Jun 2024 quarterly Dec 1995 - Jun 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: Other Manufactured Goods (EUR mn) 201.768 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: Chemicals and Related Products (EUR mn) 163.719 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: Asia: ow Japan (EUR mn) 5.019 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 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: ow European Monetary Union: ow France (EUR mn) 204.596 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
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 (%) 7,288.7 Jun 2024 quarterly Dec 1995 - Jun 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
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
IIP: Assets (EUR mn) 12,362,751.139 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: 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
Gross External Debt (EUR mn) 3,525,961.513 Sep 2024 quarterly Dec 2002 - Sep 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: New (Unit) 3,178.000 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 (%) 67.9 Jun 2024 quarterly Dec 1995 - Jun 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 Oct 2024 monthly Jan 1999 - Oct 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: M2 (EUR bn) 392.500 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 (EUR bn) 527.600 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
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) 14.6 Nov 2024 monthly Jan 1986 - Nov 2024

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