Net incurrence of liabilities, total (% of GDP) in Luxembourg
Luxembourg: Net incurrence of liabilities, total (% of GDP) was -1.3% in 1994. ◆ Volatile
Net incurrence of liabilities, total in Luxembourg, 1980–1994
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 1994, net incurrence of liabilities, total in Luxembourg stood at -1.3%.
Compared with earlier readings it is down 478.3% on the previous year and down 197.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Luxembourg peaked at 0.3% in 1991 and was at its lowest, -2.3%, in 1987.
That places Luxembourg 132nd out of 136 countries with data for 1994, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Luxembourg, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -1.5% | — |
| 1981 | -0.8% | -44.7% |
| 1982 | -0.4% | -52.0% |
| 1983 | -0.1% | -76.3% |
| 1984 | -0.4% | +355.1% |
| 1985 | -1.4% | +234.7% |
| 1986 | -2.2% | +52.9% |
| 1987 | -2.3% | +5.7% |
| 1988 | -2.3% | -2.7% |
| 1989 | -2.2% | -4.2% |
| 1990 | -2.2% | +0.0% |
| 1991 | 0.3% | -115.6% |
| 1994 | -1.3% | -478.3% |
Luxembourg compared with similar countries
- Luxembourg's -1.3% is below the median for high income countries, which is 3.5%. (41 countries reporting)
- Luxembourg's -1.3% is below the median for Europe & Central Asia, which is 3.4%. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 |
|---|---|---|---|
| 1994 | -478.3% | 0.3% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -1.4% | -2.3% | -0.1% | 10 |
| 1990s | -1.0% | -2.2% | 0.3% | 3 |
Countries ranked near Luxembourg
- 129 Jamaica -0.9%
- 130 Saint Kitts and Nevis -1.0%
- 131 Seychelles -1.2% compare
- 133 East Timor -1.9%
- 134 Nauru -2.0%
- 135 Samoa -2.4%
More public sector data for Luxembourg
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- Elected parliament, annual growth rate 0 % change on previous year (2025)
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- 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)
Frequently asked questions
- What is net incurrence of liabilities, total in Luxembourg?
- Net incurrence of liabilities, total in Luxembourg was -1.3% in 1994, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Luxembourg?
- The highest recorded value was 0.3% in 1991.
- What is the lowest net incurrence of liabilities, total recorded in Luxembourg?
- The lowest recorded value was -2.3% in 1987.
- How does Luxembourg rank for net incurrence of liabilities, total?
- Luxembourg ranks 132nd out of 136 countries with data for 1994.
- Is net incurrence of liabilities, total rising or falling in Luxembourg?
- Over the last ten years it is down 197.4%. 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.