Expense in Luxembourg
Luxembourg: Expense was 34.68 billion current LCU in 2023. ◆ Volatile
Latest (2023)
34.68 billion current LCU
Change on year
up 10.5%
World rank
114th
of 157 countries
All-time high
34.68 billion current LCU
in 2023
All-time low
477.39 million current LCU
in 1972
Years of data
52
1972–2023
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.
Expense in Luxembourg, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 477.39 million current LCU | — |
| 1973 | 555.43 million current LCU | +16.3% |
| 1974 | 663.68 million current LCU | +19.5% |
| 1975 | 847.20 million current LCU | +27.7% |
| 1976 | 992.00 million current LCU | +17.1% |
| 1977 | 1.11 billion current LCU | +12.1% |
| 1978 | 1.17 billion current LCU | +5.6% |
| 1979 | 1.31 billion current LCU | +11.9% |
| 1980 | 1.45 billion current LCU | +10.7% |
| 1981 | 1.63 billion current LCU | +12.3% |
| 1982 | 1.86 billion current LCU | +13.9% |
| 1983 | 2.04 billion current LCU | +9.5% |
| 1984 | 2.13 billion current LCU | +4.6% |
| 1985 | 2.16 billion current LCU | +1.2% |
| 1986 | 2.28 billion current LCU | +5.5% |
| 1987 | 2.47 billion current LCU | +8.3% |
| 1988 | 2.65 billion current LCU | +7.4% |
| 1989 | 2.75 billion current LCU | +3.9% |
| 1990 | 3.19 billion current LCU | +16.1% |
| 1991 | 3.54 billion current LCU | +10.8% |
| 1992 | 4.06 billion current LCU | +14.8% |
| 1993 | 4.42 billion current LCU | +8.6% |
| 1994 | 4.77 billion current LCU | +8.0% |
| 1995 | 5.73 billion current LCU | +20.2% |
| 1996 | 6.05 billion current LCU | +5.5% |
| 1997 | 6.51 billion current LCU | +7.6% |
| 1998 | 6.73 billion current LCU | +3.4% |
| 1999 | 7.34 billion current LCU | +9.0% |
| 2000 | 7.84 billion current LCU | +6.9% |
| 2001 | 8.42 billion current LCU | +7.3% |
| 2002 | 9.17 billion current LCU | +9.0% |
| 2003 | 10.02 billion current LCU | +9.3% |
| 2004 | 10.94 billion current LCU | +9.1% |
| 2005 | 11.56 billion current LCU | +5.7% |
| 2006 | 12.21 billion current LCU | +5.6% |
| 2007 | 12.79 billion current LCU | +4.8% |
| 2008 | 13.85 billion current LCU | +8.3% |
| 2009 | 15.10 billion current LCU | +9.0% |
| 2010 | 15.94 billion current LCU | +5.5% |
| 2011 | 16.74 billion current LCU | +5.0% |
| 2012 | 17.97 billion current LCU | +7.4% |
| 2013 | 18.93 billion current LCU | +5.3% |
| 2014 | 19.54 billion current LCU | +3.3% |
| 2015 | 20.15 billion current LCU | +3.1% |
| 2016 | 20.70 billion current LCU | +2.8% |
| 2017 | 21.96 billion current LCU | +6.1% |
| 2018 | 23.37 billion current LCU | +6.4% |
| 2019 | 24.64 billion current LCU | +5.4% |
| 2020 | 27.67 billion current LCU | +12.3% |
| 2021 | 28.49 billion current LCU | +3.0% |
| 2022 | 31.38 billion current LCU | +10.1% |
| 2023 | 34.68 billion current LCU | +10.5% |
Luxembourg compared with similar countries
- Luxembourg's 34.68 billion current LCU is below the median for high income countries, which is 134.42 billion current LCU, 26% of the median. (57 countries reporting)
- Luxembourg's 34.68 billion current LCU is below the median for Europe & Central Asia, which is 301.38 billion current LCU, 12% of the median. (47 countries reporting)
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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
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.
Download this data
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.