Luxembourg Consolidated Fiscal Balance: % of GDP

1995 - 2025 | Yearly | % | CEIC Data

Key information about Luxembourg Consolidated Fiscal Balance: % of GDP

  • Luxembourg Consolidated Fiscal Balance recorded a deficit equal to 2.0 % of its Nominal GDP in Dec 2025, compared with a surplus equal to 0.9 % in the previous year
  • Luxembourg Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1995 to Dec 2025, with an average ratio of -0.3 %
  • The data reached an all-time high of 5.6 % in Dec 2001 and a record low of -3.1 % in Dec 2020
CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and annual Nominal GDP. The Statistics Portal of Luxembourg provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR.


Further information about Luxembourg Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Luxembourg National Government Debt reached 27.8 USD bn in Dec 2025
  • Luxembourg Nominal GDP reached 24.9 USD bn in Jun 2025

View Luxembourg's Consolidated Fiscal Balance: % of GDP from 1995 to 2025 in the chart:

Luxembourg Consolidated Fiscal Balance: % of GDP

What was Luxembourg's Consolidated Fiscal Balance: % of GDP in 2025?

Luxembourg Consolidated Fiscal Balance recorded a deficit equal to 2.0 % of its Nominal GDP in Dec 2025, compared with a surplus equal to 0.9 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.0 2025 0.9 2024 -3.1 2020 5.6 2001 % yearly 1995 - 2025

Consolidated Fiscal Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -1.8 2025 yearly 1997 - 2025
Algeria (%) -2.6 2022 yearly 1994 - 2022
Argentina (%) 0.2 Mar 2026 quarterly Dec 2004 - Mar 2026
Armenia (%) -3.0 Mar 2026 quarterly Dec 2002 - Mar 2026
Australia (%) -3.1 Mar 2026 quarterly Jun 2003 - Mar 2026
Austria (%) -3.9 Mar 2026 quarterly Dec 2001 - Mar 2026
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -4.8 2023 yearly 1998 - 2023
Bangladesh (%) -3.4 2025 yearly 2006 - 2025
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -4.4 2024 yearly 1970 - 2024
Bolivia (%) -11.2 2024 yearly 1990 - 2024
Bosnia and Herzegovina (%) 0.2 Mar 2026 quarterly Dec 2008 - Mar 2026
Botswana (%) -2.4 Dec 2025 quarterly Mar 2004 - Dec 2025
Brazil (%) -8.0 Mar 2026 quarterly Dec 1997 - Mar 2026
Brunei (%) -18.9 2025 yearly 1974 - 2025
Bulgaria (%) -3.0 Dec 2025 quarterly Sep 2003 - Dec 2025
Cambodia (%) -1.5 2025 yearly 2007 - 2025
Canada (%) -1.6 Mar 2026 quarterly Jun 1993 - Mar 2026
Chile (%) -2.7 2025 yearly 1990 - 2025
China (%) -5.1 Mar 2026 quarterly Dec 1995 - Mar 2026
Colombia (%) -6.6 Dec 2025 quarterly Dec 2000 - Dec 2025
Croatia (%) -2.4 2024 yearly 2002 - 2024
Cyprus (%) 3.4 Dec 2025 quarterly Dec 1995 - Dec 2025
Czech Republic (%) -2.1 Mar 2026 quarterly Dec 1999 - Mar 2026
Denmark (%) 2.6 Mar 2026 quarterly Dec 1999 - Mar 2026
Ecuador (%) -2.7 Mar 2026 quarterly Dec 2000 - Mar 2026
Estonia (%) -1.2 Dec 2025 quarterly Dec 1999 - Dec 2025
European Union (%) -3.1 2025 yearly 1995 - 2025
Finland (%) -3.8 Mar 2026 quarterly Dec 1999 - Mar 2026
France (%) -5.1 Mar 2026 quarterly Dec 1949 - Mar 2026
Georgia (%) -0.7 Mar 2026 quarterly Dec 2006 - Mar 2026
Germany (%) -3.1 Mar 2026 quarterly Dec 1991 - Mar 2026
Ghana (%) -0.1 Mar 2026 quarterly Dec 2008 - Mar 2026
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) 0.3 Mar 2026 quarterly Mar 1997 - Mar 2026
Hungary (%) -5.5 Mar 2026 quarterly Dec 1999 - Mar 2026
Iceland (%) -1.8 Mar 2026 quarterly Mar 2002 - Mar 2026
India (%) -4.4 Mar 2026 quarterly Mar 2005 - Mar 2026
Indonesia (%) -3.3 Mar 2026 quarterly Dec 2014 - Mar 2026
Iran (%) -3.4 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.8 Dec 2025 quarterly Dec 2000 - Dec 2025
Israel (%) -4.2 Mar 2026 quarterly Dec 1999 - Mar 2026
Italy (%) -3.0 Mar 2026 quarterly Dec 1999 - Mar 2026
Ivory Coast (%) -3.0 2025 yearly 1960 - 2025
Japan (%) -4.6 2026 yearly 1996 - 2026
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) 0.7 Mar 2026 quarterly Dec 2008 - Mar 2026
Kenya (%) -6.4 Mar 2026 quarterly Dec 2009 - Mar 2026
South Korea (%) -0.7 Mar 2026 quarterly Jun 2000 - Mar 2026
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) -2.1 2024 yearly 1988 - 2024
Kyrgyzstan (%) 12.0 Apr 2026 monthly Jan 2007 - Apr 2026
Laos (%) 1.9 2025 yearly 2012 - 2025
Latvia (%) -2.3 Mar 2026 quarterly Dec 1999 - Mar 2026
Lebanon (%) 0.9 2021 yearly 1992 - 2021
Lithuania (%) -1.7 Mar 2026 quarterly Dec 1999 - Mar 2026
Luxembourg (%) -2.0 2025 yearly 1995 - 2025
Macau SAR, China (%) 7.9 Jun 2025 quarterly Dec 2003 - Jun 2025
North Macedonia (%) -4.6 2024 yearly 1993 - 2024
Malawi (%) -1.3 Sep 2025 monthly Apr 2005 - Sep 2025
Malaysia (%) -6.4 2024 yearly 1970 - 2024
Malta (%) -3.2 Mar 2026 quarterly Dec 1999 - Mar 2026
Mauritius (%) -6.4 Mar 2026 quarterly Dec 2010 - Mar 2026
Mexico (%) -4.0 Mar 2026 quarterly Dec 1980 - Mar 2026
Moldova (%) -4.0 2025 yearly 1998 - 2025
Mongolia (%) -2.3 Mar 2026 quarterly Dec 2000 - Mar 2026
Montenegro (%) -4.5 Mar 2026 quarterly Dec 2012 - Mar 2026
Morocco (%) -3.6 2025 yearly 1980 - 2025
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -2.8 2023 yearly 1986 - 2023
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -1.4 Jun 2025 quarterly Dec 1999 - Jun 2025
New Zealand (%) -1.1 Mar 2026 quarterly Dec 1999 - Mar 2026
Nigeria (%) -4.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Norway (%) 9.6 Mar 2026 quarterly Dec 2002 - Mar 2026
Oman (%) 2.3 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -2.6 2025 yearly 2000 - 2025
Palestinian Territory (%) 1.2 2024 yearly 2010 - 2024
Panama (%) -3.7 2025 yearly 2003 - 2025
Paraguay (%) -0.7 Mar 2026 quarterly Dec 2003 - Mar 2026
Peru (%) -2.4 Mar 2026 quarterly Dec 1990 - Mar 2026
Philippines (%) -5.2 Mar 2026 quarterly Dec 1985 - Mar 2026
Poland (%) -7.3 2025 yearly 1995 - 2025
Portugal (%) 0.5 Mar 2026 quarterly Dec 1995 - Mar 2026
Qatar (%) -2.7 Dec 2025 quarterly Mar 2011 - Dec 2025
Romania (%) -6.3 Mar 2026 quarterly Dec 2004 - Mar 2026
Russia (%) -4.9 Mar 2026 quarterly Dec 1993 - Mar 2026
Saudi Arabia (%) -2.8 2024 yearly 1969 - 2024
Serbia (%) -3.2 Mar 2026 quarterly Dec 2005 - Mar 2026
Singapore (%) 1.2 Mar 2026 quarterly Mar 2012 - Mar 2026
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -2.5 Dec 2025 quarterly Dec 2000 - Dec 2025
South Africa (%) -3.9 Mar 2026 quarterly Dec 1990 - Mar 2026
Spain (%) -2.4 Mar 2026 quarterly Dec 1995 - Mar 2026
Sri Lanka (%) -1.2 Mar 2026 quarterly Dec 2014 - Mar 2026
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) -1.3 2025 yearly 1995 - 2025
Switzerland (%) 0.5 2025 yearly 1990 - 2025

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.0 2025 yearly 1995 - 2025
Tax Revenue (USD mn) 29,787.334 2025 yearly 1995 - 2025
Tax Revenue: % of GDP (%) 29.5 2025 yearly 1995 - 2025
National Government Debt (USD mn) 30,409.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Government Debt: % of GDP (%) 29.2 Mar 2026 quarterly Dec 1997 - Mar 2026
Forecast: Government Expenditure (EUR bn) 58.189 2031 yearly 1995 - 2031
Forecast: Government Net Debt (EUR bn) 40.420 2031 yearly 1995 - 2031
Forecast: Government Revenue (EUR bn) 54.660 2031 yearly 1995 - 2031
General Government Debt: Consolidated (EUR mn) 26,402.072 Mar 2026 quarterly Dec 1995 - Mar 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.040 2031 yearly 1987 - 2031
Trade Balance (USD mn) -1,064.5 Apr 2026 monthly Jan 1988 - Apr 2026
Total Exports (USD mn) 1,512.2 Apr 2026 monthly Jan 1988 - Apr 2026
Total Exports Growth (%) 2.3 Apr 2026 monthly Jan 1989 - Apr 2026
Aluminum: Exports (USD th) 388,438.265 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 154,275.033 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 20,737.874 2025 yearly 1995 - 2025
Total Imports (USD mn) 2,576.6 Apr 2026 monthly Jan 1988 - Apr 2026
Total Imports Growth (%) -1.3 Sep 2025 monthly Jan 1989 - Sep 2025
Imports: Medicament (USD th) 766,358.359 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 206,943.736 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 59.421 Apr 2026 monthly Jan 1988 - Apr 2026
Total Imports from USA (USD mn) 124.532 Apr 2026 monthly Jan 1988 - Apr 2026
Total Exports to China (USD mn) 24.833 Mar 2026 monthly Jan 1997 - Mar 2026
Total Imports from China (USD mn) 143.129 2025 yearly 1993 - 2025
Exports: Chemicals and Related Products (EUR mn) 207.807 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: Other Manufactured Goods (EUR mn) 213.308 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: Base Metal Products (EUR mn) 255.495 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: Transport Equipment (EUR mn) 158.452 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: Machinery and Equipment (EUR mn) 225.703 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 219.804 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: Asia: ow Japan (EUR mn) 3.337 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 350.557 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: America: ow United States of America (EUR mn) 50.800 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: European Union (EUR mn) 1,149.410 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 190.748 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: Food Products and Live Animals (EUR mn) 210.463 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: Chemicals and Related Products (EUR mn) 315.999 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: Transport Equipment (EUR mn) 402.450 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: Mineral Fuels and Lubricants (EUR mn) 270.308 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: Machinery and Equipment (EUR mn) 326.580 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 231.523 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: Asia: ow Japan (EUR mn) 53.516 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: European Union (EUR mn) 1,951.042 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 751.346 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: America: ow United States of America (EUR mn) 106.465 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 592.176 Apr 2026 monthly Jan 1988 - Apr 2026
Trade Balance: sa (EUR mn) -910.028 Apr 2026 monthly Jan 1988 - Apr 2026
Exports (EUR mn) 1,371.952 Apr 2026 monthly Jan 1988 - Apr 2026
Imports: sa (EUR mn) 2,202.830 Apr 2026 monthly Jan 1988 - Apr 2026
Imports (EUR mn) 2,207.802 Apr 2026 monthly Jan 1988 - Apr 2026
Exports: sa (EUR mn) 1,292.802 Apr 2026 monthly Jan 1988 - Apr 2026
Total Exports: MoM: sa (%) -1.322 Apr 2026 monthly Jan 1988 - Apr 2026
Total Exports: YoY (%) 3.028 Apr 2026 monthly Jan 1988 - Apr 2026
Total Imports: MoM: sa (%) 14.027 Apr 2026 monthly Jan 1988 - Apr 2026
Total Imports: YoY (%) 13.216 Apr 2026 monthly Jan 1988 - Apr 2026
Export Value Index (2015=100) 94.600 2024 yearly 2005 - 2024
Import Value Index (2015=100) 107.700 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -46,362.1 Mar 2026 quarterly Mar 2002 - Mar 2026
Current Account Balance (USD mn) 1,575.1 Mar 2026 quarterly Mar 1995 - Mar 2026
Current Account Balance: % of GDP (%) 6.1 Mar 2026 quarterly Mar 1995 - Mar 2026
Foreign Direct Investment (USD mn) -35,540.3 Mar 2026 quarterly Mar 2002 - Mar 2026
Foreign Direct Investment: % of GDP (%) -137.1 Mar 2026 quarterly Mar 2002 - Mar 2026
Foreign Portfolio Investment (USD mn) 61,046.223 Mar 2026 quarterly Mar 2002 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 235.5 Mar 2026 quarterly Mar 2002 - Mar 2026
Foreign Portfolio Investment: Equity Securities (USD mn) 156,491.5 Dec 2025 quarterly Mar 2002 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 13,651.277 Dec 2025 quarterly Mar 2002 - Dec 2025
External Debt (USD mn) 4,055,474.5 Mar 2026 quarterly Dec 2002 - Mar 2026
External Debt: % of GDP (%) 3,937.1 2025 yearly 2002 - 2025
External Debt: Short Term (USD mn) 1,203,877.3 Dec 2025 quarterly Dec 2002 - Dec 2025
External Debt: Short Term: % of GDP (%) 1,145.9 2025 yearly 2002 - 2025
Total Debt: % of GDP (%) 7,036.9 Mar 2026 quarterly Dec 1995 - Mar 2026
Forecast: Current Account Balance (USD bn) 6.729 2031 yearly 1995 - 2031
Net International Investment Position (USD mn) 33,617.776 Mar 2026 quarterly Dec 2002 - Mar 2026
BoP: FA: PI: DS: Liabilities (EUR mn) 20,439.114 Mar 2026 quarterly Mar 2002 - Mar 2026
BoP: FA: Portfolio Investment (PI) (EUR mn) 4,038.620 Mar 2026 quarterly Mar 2002 - Mar 2026
Gross External Debt (EUR mn) 3,524,580.924 Dec 2025 quarterly Dec 2002 - Dec 2025
Gross External Debt: General Government: Long Term (EUR mn) 13,167.701 Dec 2025 quarterly Dec 2002 - Dec 2025
Gross External Debt: General Government (EUR mn) 13,167.701 Dec 2025 quarterly Dec 2002 - Dec 2025
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Dec 2025 quarterly Dec 2002 - Dec 2025
International Investment Position (IIP): Net (EUR mn) 29,187.165 Mar 2026 quarterly Dec 2002 - Mar 2026
IIP: Liabilities (EUR mn) 13,772,122.324 Mar 2026 quarterly Dec 2002 - Mar 2026
IIP: Assets (EUR mn) 13,801,309.488 Mar 2026 quarterly Dec 2002 - Mar 2026
Number of Bankruptcies: NACE 2 (Unit) 1,189.000 2024 yearly 2000 - 2024
Number of Enterprises: NACE 2: Active (Unit) 45,021.000 2022 yearly 2003 - 2022
Number of Enterprises: NACE 2: New (Unit) 4,747.000 2022 yearly 2003 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 58.2 Mar 2026 quarterly Dec 1995 - Mar 2026
Money Supply M1 (USD mn) 392,250.895 May 2026 monthly Jan 1999 - May 2026
Money Supply M2 (USD mn) 505,767.271 May 2026 monthly Jan 1999 - May 2026
M2 Growth (%) 4.6 May 2026 monthly Jan 2000 - May 2026
Reserve Requirement Ratio (%) 1.0 Jun 2026 monthly Jan 1999 - Jun 2026
Foreign Exchange Reserves (USD mn) 49.0 Jun 2026 monthly Jan 1999 - Jun 2026
Foreign Exchange Reserves: % of GDP (%) 0.048 Mar 2026 quarterly Mar 1999 - Mar 2026
Foreign Exchange Reserves: Months of Import (NA) 0.0 Apr 2026 monthly Jan 1999 - Apr 2026
Gold Reserves (USD mn) 292.047 Jun 2026 monthly Jan 1999 - Jun 2026
Total Deposits (USD mn) 771,915.624 Mar 2026 quarterly Mar 2003 - Mar 2026
Total Deposits Growth (%) -17.0 Mar 2026 quarterly Mar 2004 - Mar 2026
Domestic Credit (USD mn) 0.0 May 2025 monthly Jan 1999 - May 2025
Domestic Credit Growth (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Credit to Households (USD bn) 63.523 Sep 2025 quarterly Mar 1995 - Sep 2025
Credit to Private Non-Financial Sector (USD bn) 442.383 Dec 2025 quarterly Mar 1995 - Dec 2025
Household Debt (USD mn) 64,052.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Total Loans (USD mn) 865,980.333 May 2026 monthly Jan 2001 - May 2026
Total Loans Growth (%) 6.21 May 2026 monthly Jan 2002 - May 2026
Private Debt: % of Nominal GDP (%) 78.67 Mar 2026 quarterly Mar 1999 - Mar 2026
Money Supply: M3 (EUR bn) 513.467 May 2026 monthly Jan 1999 - May 2026
Money Supply: M3: M2: M1 (EUR bn) 335.860 May 2026 monthly Jan 1999 - May 2026
Money Supply: M3: M2 (EUR bn) 433.057 May 2026 monthly Jan 1999 - May 2026
Official Reserve Assets: Foreign Exchange (EUR mn) 42.938 Jun 2026 monthly Jan 1999 - Jun 2026
Official Reserve Assets (EUR mn) 2,642.205 Jun 2026 monthly Jan 1999 - Jun 2026
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Bank Deposits: Domestic (EUR mn) 348,645.000 May 2026 monthly Jan 2003 - May 2026
Bank Loans: Domestic: Credit Institutions (EUR mn) 131,909.000 May 2026 monthly Jan 1999 - May 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -3.0 Jun 2026 monthly Jan 1986 - Jun 2026

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