Interest payments in Luxembourg
Luxembourg: Interest payments was 0.6% in 2023. ◆ Volatile
Interest payments in Luxembourg, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Luxembourg recorded 0.6% for interest payments in 2023.
That represents a change of up 69.3% on the previous year and down 52.3% over ten years.
Over the whole period, interest payments in Luxembourg peaked at 3.5% in 1972 and was at its lowest, 0.3%, in 1992.
That places Luxembourg 144th out of 152 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Luxembourg, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 3.5% | — |
| 1973 | 3.2% | -8.2% |
| 1974 | 2.7% | -15.4% |
| 1975 | 2.1% | -21.8% |
| 1976 | 2.0% | -4.7% |
| 1977 | 2.1% | +3.7% |
| 1978 | 2.3% | +9.7% |
| 1979 | 2.2% | -3.4% |
| 1980 | 2.1% | -5.5% |
| 1981 | 2.0% | -1.4% |
| 1982 | 1.0% | -52.3% |
| 1983 | 1.0% | +5.3% |
| 1984 | 1.3% | +26.8% |
| 1985 | 1.6% | +19.3% |
| 1986 | 1.5% | -2.2% |
| 1987 | 1.6% | +6.1% |
| 1988 | 1.2% | -25.7% |
| 1989 | 1.0% | -17.3% |
| 1990 | 0.6% | -36.6% |
| 1991 | 0.4% | -30.5% |
| 1992 | 0.3% | -36.0% |
| 1993 | 0.5% | +72.1% |
| 1994 | 0.4% | -7.0% |
| 1995 | 1.1% | +143.3% |
| 1996 | 0.9% | -18.2% |
| 1997 | 0.8% | -10.8% |
| 1998 | 0.9% | +12.3% |
| 1999 | 0.9% | +5.0% |
| 2000 | 0.8% | -17.5% |
| 2001 | 0.7% | -13.2% |
| 2002 | 0.6% | -15.3% |
| 2003 | 0.5% | -14.0% |
| 2004 | 0.4% | -23.5% |
| 2005 | 0.4% | +1.1% |
| 2006 | 0.4% | +13.6% |
| 2007 | 0.6% | +34.2% |
| 2008 | 0.7% | +28.6% |
| 2009 | 0.8% | +11.0% |
| 2010 | 1.0% | +24.6% |
| 2011 | 1.2% | +21.0% |
| 2012 | 1.2% | -6.2% |
| 2013 | 1.3% | +8.1% |
| 2014 | 1.0% | -17.1% |
| 2015 | 1.0% | -5.3% |
| 2016 | 1.0% | +0.5% |
| 2017 | 1.0% | -2.5% |
| 2018 | 0.9% | -8.5% |
| 2019 | 0.8% | -8.1% |
| 2020 | 0.5% | -38.5% |
| 2021 | 0.4% | -27.3% |
| 2022 | 0.4% | -2.3% |
| 2023 | 0.6% | +69.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.5% | 2.0% | 3.5% | 8 |
| 1980s | 1.4% | 1.0% | 2.1% | 10 |
| 1990s | 0.7% | 0.3% | 1.1% | 10 |
| 2000s | 0.6% | 0.4% | 0.8% | 10 |
| 2010s | 1.0% | 0.8% | 1.3% | 10 |
| 2020s | 0.5% | 0.4% | 0.6% | 4 |
Countries ranked near Luxembourg
- 141 Kiribati 0.8% compare
- 142 Iran, Islamic Republic of 0.7% compare
- 143 Congo, Democratic Republic of the 0.7% compare
- 145 Micronesia, Federated States of 0.6% compare
- 146 Palau 0.5% compare
- 147 Marshall Islands 0.5% compare
More public sector data for Luxembourg
- Arms imports 3.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.43 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,287 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0093 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 31.57 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 871.64 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 388.43 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 257,332 current USD per square kilometre (2023)
Frequently asked questions
- What is interest payments in Luxembourg?
- Interest payments in Luxembourg was 0.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Luxembourg?
- The highest recorded value was 3.5% in 1972.
- What is the lowest interest payments recorded in Luxembourg?
- The lowest recorded value was 0.3% in 1992.
- How does Luxembourg rank for interest payments?
- Luxembourg ranks 144th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Luxembourg?
- Over the last ten years it is down 52.3%. 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.