Luxembourg Government Debt: % of GDP

1997 - 2023 | Quarterly | % | CEIC Data

Key information about Luxembourg Government Debt: % of GDP

  • Luxembourg Government debt accounted for 25.7 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 25.8 % in the previous quarter.
  • Luxembourg government debt to GDP ratio data is updated quarterly, available from Dec 1997 to Dec 2023.
  • The data reached an all-time high of 28.4 % in Mar 2023 and a record low of 6.8 % in Mar 2004.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Statistics Portal of Luxembourg provides Government Debt in EUR and Nominal GDP in EUR.


Related information about Luxembourg Government Debt: % of GDP

  • In the latest reports, Luxembourg National Government Debt reached 22.5 USD bn in Dec 2023.
  • The country's Nominal GDP reached 22.0 USD bn in Mar 2023.

View Luxembourg's Government Debt: % of GDP from Dec 1997 to Dec 2023 in the chart:

Luxembourg Government Debt: % of GDP

What was Luxembourg's Government Debt: % of GDP in Dec 2023?

Luxembourg Government debt accounted for 25.7 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 25.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
25.7 Dec 2023 25.8 Sep 2023 6.8 Mar 2004 28.4 Mar 2023 % quarterly Dec 1997 - Dec 2023

Government Debt: % of GDP by Country Comparison

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Includes Government Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 47.6 2022 yearly 1997 - 2022
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 50.4 Dec 2023 quarterly Dec 2013 - Dec 2023
Australia (%) 38.1 2023 yearly 1999 - 2023
Austria (%) 77.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 93.6 Dec 2023 quarterly Dec 2007 - Dec 2023
Bangladesh (%) 23.6 2023 yearly 2010 - 2023
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 105.2 Dec 2023 quarterly Dec 1980 - Dec 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 75.7 Mar 2024 quarterly Dec 2006 - Mar 2024
Bulgaria (%) 23.1 Dec 2023 quarterly Mar 2007 - Dec 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 69.7 2024 yearly 1962 - 2024
Chile (%) 39.9 Dec 2023 quarterly Mar 2002 - Dec 2023
China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
Colombia (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
Croatia (%) 67.4 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 76.1 Mar 2024 quarterly Dec 2010 - Mar 2024
Czech Republic (%) 44.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Denmark (%) 29.3 Dec 2023 quarterly Mar 2000 - Dec 2023
Ecuador (%) 67.0 Dec 2023 quarterly Dec 2005 - Dec 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 19.6 Dec 2023 quarterly Mar 2000 - Dec 2023
European Union (%) 81.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Finland (%) 75.8 Dec 2023 quarterly Mar 2000 - Dec 2023
France (%) 1.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 39.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Germany (%) 63.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 161.9 Dec 2023 quarterly Dec 1999 - Dec 2023
Hong Kong SAR, China (%) 50.2 2023 yearly 2003 - 2023
Hungary (%) 75.9 Mar 2024 quarterly Dec 1990 - Mar 2024
Iceland (%) 64.8 2023 yearly 1998 - 2023
India (%) 59.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Indonesia (%) 39.1 Mar 2024 quarterly Jun 2015 - Mar 2024
Iran (%) 8.3 Sep 2023 quarterly Mar 1998 - Sep 2023
Ireland (%) 43.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 137.7 Mar 2024 quarterly Dec 1995 - Mar 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.3 Mar 2024 quarterly Dec 1994 - Mar 2024
Jordan (%) 89.5 Dec 2023 quarterly Mar 2002 - Dec 2023
Kazakhstan (%) 21.5 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 48.9 Dec 2023 quarterly Sep 2002 - Dec 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 45.6 Dec 2023 quarterly Mar 2011 - Dec 2023
Latvia (%) 43.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.3 Dec 2023 quarterly Mar 2000 - Dec 2023
Luxembourg (%) 25.7 Dec 2023 quarterly Dec 1997 - Dec 2023
North Macedonia (%) 53.1 Dec 2023 quarterly Dec 2009 - Dec 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.6 Mar 2024 quarterly Dec 2010 - Mar 2024
Malta (%) 50.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 49.7 Dec 2023 quarterly Dec 2005 - Dec 2023
Moldova (%) 34.9 Dec 2023 quarterly Mar 2007 - Dec 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 46.5 Dec 2023 quarterly Dec 1999 - Dec 2023
New Zealand (%) 38.7 Dec 2023 quarterly Dec 2006 - Dec 2023
Nigeria (%) 39.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Norway (%) 44.3 2023 yearly 1995 - 2023
Oman (%) 41.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 115.0 Dec 2023 quarterly Dec 2010 - Dec 2023
Panama (%) 56.4 Dec 2023 quarterly Dec 2007 - Dec 2023
Paraguay (%) 34.8 Dec 2023 quarterly Dec 2014 - Dec 2023
Peru (%) 32.3 Mar 2024 quarterly Mar 1999 - Mar 2024
Philippines (%) 60.2 Mar 2024 quarterly Mar 1993 - Mar 2024
Poland (%) 49.6 Dec 2023 quarterly Dec 2002 - Dec 2023
Portugal (%) 100.5 Mar 2024 quarterly Dec 1995 - Mar 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.8 Dec 2023 quarterly Dec 2011 - Dec 2023
Russia (%) 14.9 Dec 2023 quarterly Dec 2011 - Dec 2023
Saudi Arabia (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 2023
Serbia (%) 51.1 Mar 2024 quarterly Sep 2004 - Mar 2024
Singapore (%) 174.3 Mar 2024 quarterly Mar 1990 - Mar 2024
Slovakia (%) 56.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Slovenia (%) 69.2 Dec 2023 quarterly Dec 1999 - Dec 2023
South Africa (%) 73.9 Dec 2023 quarterly Dec 1960 - Dec 2023
Spain (%) 107.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Sri Lanka (%) 104.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Sweden (%) 32.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Switzerland (%) 25.3 2027 yearly 1990 - 2027
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 56.0 Mar 2024 quarterly Dec 1997 - Mar 2024
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 29.5 Dec 2023 quarterly Dec 2001 - Dec 2023
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Luxembourg Key Series

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Includes 216 key indicators for Luxembourg, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.3 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 24,967.814 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.1 2023 yearly 1995 - 2023
National Government Debt (USD mn) 22,520.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Government Debt: % of GDP (%) 25.7 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (EUR bn) 51.850 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.310 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.255 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 20,358.500 Dec 2023 quarterly Dec 1995 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2028 yearly 1987 - 2028
Trade Balance (USD mn) -682.8 Mar 2024 monthly Jan 1988 - Mar 2024
Total Exports (USD mn) 1,278.2 Mar 2024 monthly Jan 1988 - Mar 2024
Total Exports Growth (%) -16.2 Mar 2024 monthly Jan 1989 - Mar 2024
Aluminum: Exports (USD th) 548,752.894 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,961.0 Mar 2024 monthly Jan 1988 - Mar 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 46.227 Mar 2024 monthly Jan 1988 - Mar 2024
Total Imports from USA (USD mn) 49.725 Mar 2024 monthly Jan 1988 - Mar 2024
Total Exports to China (USD mn) 22.349 Feb 2024 monthly Jan 1997 - Feb 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -628.180 Mar 2024 monthly Jan 1988 - Mar 2024
Exports (EUR mn) 1,320.746 Mar 2024 monthly Jan 1988 - Mar 2024
Imports (EUR mn) 2,022.904 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: sa (EUR mn) 1,804.031 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: sa (EUR mn) 1,175.852 Mar 2024 monthly Jan 1988 - Mar 2024
Total Exports: MoM: sa (%) -7.308 Mar 2024 monthly Jan 1988 - Mar 2024
Total Exports: YoY (%) -14.362 Mar 2024 monthly Jan 1988 - Mar 2024
Total Imports: MoM: sa (%) -10.476 Mar 2024 monthly Jan 1988 - Mar 2024
Total Imports: YoY (%) -17.113 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: Other Manufactured Goods (EUR mn) 189.064 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: Chemicals and Related Products (EUR mn) 173.825 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: Base Metal Products (EUR mn) 255.420 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: Machinery and Equipment (EUR mn) 245.097 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: Transport Equipment (EUR mn) 171.730 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 210.887 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: Asia: ow Japan (EUR mn) 4.727 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: America: ow United States of America (EUR mn) 42.527 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 312.678 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: European Union (EUR mn) 1,045.247 Mar 2024 monthly Jan 1988 - Mar 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 172.201 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: Food Products and Live Animals (EUR mn) 190.770 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: Machinery and Equipment (EUR mn) 328.347 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: Mineral Fuels and Lubricants (EUR mn) 249.806 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: Transport Equipment (EUR mn) 354.989 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: Chemicals and Related Products (EUR mn) 258.508 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 273.984 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: European Union (EUR mn) 1,886.082 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 692.385 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: Asia: ow Japan (EUR mn) 20.166 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 572.018 Mar 2024 monthly Jan 1988 - Mar 2024
Imports: America: ow United States of America (EUR mn) 45.745 Mar 2024 monthly Jan 1988 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -155,563.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Current Account Balance (USD mn) 1,576.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Current Account Balance: % of GDP (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment (USD mn) -131,420.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment: % of GDP (%) -584.5 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) -25,997.080 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -115.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -15,427.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -10,542.166 Dec 2023 quarterly Mar 2002 - Dec 2023
External Debt (USD mn) 3,791,246.5 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,005,773.8 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,053.4 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 4.708 2028 yearly 1995 - 2028
Net International Investment Position (USD mn) 29,674.752 Dec 2023 quarterly Dec 2002 - Dec 2023
BoP: FA: PI: DS: Liabilities (EUR mn) -9,805.725 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Portfolio Investment (PI) (EUR mn) 26,070.164 Dec 2023 quarterly Mar 2002 - Dec 2023
International Investment Position (IIP): Net (EUR mn) 26,825.847 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Assets (EUR mn) 11,667,605.247 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Liabilities (EUR mn) 11,640,779.399 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Long Term (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt (EUR mn) 3,427,270.343 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 69.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 305,882.921 Apr 2024 monthly Jan 1999 - Apr 2024
Money Supply M2 (USD mn) 405,564.642 Apr 2024 monthly Jan 1999 - Apr 2024
M2 Growth (%) -1.1 Apr 2024 monthly Jan 2000 - Apr 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 203.7 Apr 2024 monthly Jan 1999 - Apr 2024
Foreign Exchange Reserves: % of GDP (%) 0.224 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 0.1 Mar 2024 monthly Jan 1999 - Mar 2024
Gold Reserves (USD mn) 166.310 Apr 2024 monthly Jan 1999 - Apr 2024
Total Deposits (USD mn) 839,584.802 Mar 2024 quarterly Mar 2003 - Mar 2024
Total Deposits Growth (%) -0.9 Mar 2024 quarterly Mar 2004 - Mar 2024
Domestic Credit (USD mn) 153,265.7 Mar 2024 monthly Jan 1999 - Mar 2024
Domestic Credit Growth (%) -2.4 Mar 2024 monthly Jan 2000 - Mar 2024
Credit to Households (USD bn) 57.797 Sep 2023 quarterly Mar 1995 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 322.629 Sep 2023 quarterly Mar 1995 - Sep 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 746,492.152 Apr 2024 monthly Jan 2001 - Apr 2024
Total Loans Growth (%) -1.27 Apr 2024 monthly Jan 2002 - Apr 2024
Private Debt: % of Nominal GDP (%) 92.25 Mar 2024 quarterly Mar 1999 - Mar 2024
Money Supply: M3 (EUR bn) 493.900 Apr 2024 monthly Jan 1999 - Apr 2024
Money Supply: M3: M2 (EUR bn) 379.600 Apr 2024 monthly Jan 1999 - Apr 2024
Money Supply: M3: M2: M1 (EUR bn) 286.300 Apr 2024 monthly Jan 1999 - Apr 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets: Foreign Exchange (EUR mn) 190.618 Apr 2024 monthly Jan 1999 - Apr 2024
Official Reserve Assets (EUR mn) 2,769.531 Apr 2024 monthly Jan 1999 - Apr 2024
Bank Deposits: Domestic (EUR mn) 327,853.000 Apr 2024 monthly Jan 2003 - Apr 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 179,782.000 Apr 2024 monthly Jan 1999 - Apr 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.9 May 2024 monthly Jan 1986 - May 2024

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