Goods and services expense (current LCU) in Luxembourg
Luxembourg: Goods and services expense (current LCU) was 2.74 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Luxembourg, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Luxembourg is 2.74 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 7.1% on the previous year and up 98.4% over ten years.
Over the whole period, goods and services expense in Luxembourg peaked at 2.74 billion current LCU in 2024 and was at its lowest, 23.40 million current LCU, in 1972.
Luxembourg ranks 123rd of 155 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Luxembourg, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 23.40 million current LCU | — |
| 1973 | 26.40 million current LCU | +12.8% |
| 1974 | 31.66 million current LCU | +19.9% |
| 1975 | 41.99 million current LCU | +32.7% |
| 1976 | 44.03 million current LCU | +4.8% |
| 1977 | 42.61 million current LCU | -3.2% |
| 1978 | 48.81 million current LCU | +14.5% |
| 1979 | 56.00 million current LCU | +14.7% |
| 1980 | 64.50 million current LCU | +15.2% |
| 1981 | 71.00 million current LCU | +10.1% |
| 1982 | 95.66 million current LCU | +34.7% |
| 1983 | 84.83 million current LCU | -11.3% |
| 1984 | 92.37 million current LCU | +8.9% |
| 1985 | 97.92 million current LCU | +6.0% |
| 1986 | 103.55 million current LCU | +5.7% |
| 1987 | 111.53 million current LCU | +7.7% |
| 1988 | 117.58 million current LCU | +5.4% |
| 1989 | 129.65 million current LCU | +10.3% |
| 1990 | 149.08 million current LCU | +15.0% |
| 1991 | 162.67 million current LCU | +9.1% |
| 1992 | 183.04 million current LCU | +12.5% |
| 1993 | 161.35 million current LCU | -11.9% |
| 1994 | 196.93 million current LCU | +22.0% |
| 1995 | 395.03 million current LCU | +100.6% |
| 1996 | 472.19 million current LCU | +19.5% |
| 1997 | 497.81 million current LCU | +5.4% |
| 1998 | 490.20 million current LCU | -1.5% |
| 1999 | 517.54 million current LCU | +5.6% |
| 2000 | 615.71 million current LCU | +19.0% |
| 2001 | 655.04 million current LCU | +6.4% |
| 2002 | 753.54 million current LCU | +15.0% |
| 2003 | 829.40 million current LCU | +10.1% |
| 2004 | 868.28 million current LCU | +4.7% |
| 2005 | 931.89 million current LCU | +7.3% |
| 2006 | 948.32 million current LCU | +1.8% |
| 2007 | 950.74 million current LCU | +0.3% |
| 2008 | 1.06 billion current LCU | +11.8% |
| 2009 | 1.20 billion current LCU | +12.5% |
| 2010 | 1.24 billion current LCU | +3.4% |
| 2011 | 1.26 billion current LCU | +1.7% |
| 2012 | 1.36 billion current LCU | +8.6% |
| 2013 | 1.36 billion current LCU | -0.4% |
| 2014 | 1.38 billion current LCU | +1.6% |
| 2015 | 1.53 billion current LCU | +10.7% |
| 2016 | 1.63 billion current LCU | +6.5% |
| 2017 | 1.67 billion current LCU | +2.7% |
| 2018 | 1.74 billion current LCU | +4.3% |
| 2019 | 1.89 billion current LCU | +8.3% |
| 2020 | 2.04 billion current LCU | +8.2% |
| 2021 | 2.20 billion current LCU | +7.7% |
| 2022 | 2.47 billion current LCU | +12.2% |
| 2023 | 2.56 billion current LCU | +3.6% |
| 2024 | 2.74 billion current LCU | +7.1% |
Luxembourg compared with similar countries
- Luxembourg's 2.74 billion current LCU is below the median for high income countries, which is 14.51 billion current LCU, 19% of the median. (57 countries reporting)
- Luxembourg's 2.74 billion current LCU is below the median for Europe & Central Asia, which is 17.80 billion current LCU, 15% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) in Luxembourg changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +100.6% | 196.93 million current LCU | 395.03 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.36 million current LCU | 23.40 million current LCU | 56.00 million current LCU | 8 |
| 1980s | 96.86 million current LCU | 64.50 million current LCU | 129.65 million current LCU | 10 |
| 1990s | 322.58 million current LCU | 149.08 million current LCU | 517.54 million current LCU | 10 |
| 2000s | 881.13 million current LCU | 615.71 million current LCU | 1.20 billion current LCU | 10 |
| 2010s | 1.51 billion current LCU | 1.24 billion current LCU | 1.89 billion current LCU | 10 |
| 2020s | 2.40 billion current LCU | 2.04 billion current LCU | 2.74 billion current LCU | 5 |
Countries ranked near Luxembourg
More public sector data for Luxembourg
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Frequently asked questions
- What is goods and services expense in Luxembourg?
- Goods and services expense in Luxembourg was 2.74 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Luxembourg?
- The highest recorded value was 2.74 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Luxembourg?
- The lowest recorded value was 23.40 million current LCU in 1972.
- How does Luxembourg rank for goods and services expense?
- Luxembourg ranks 123rd out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Luxembourg?
- Over the last ten years it is up 98.4%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.