Luxembourg Public Consumption: % of GDP

1995 - 2023 | Quarterly | % | CEIC Data

Key information about Luxembourg Public Consumption: % of GDP

  • Luxembourg Public Consumption accounted for 22.4 % of its Nominal GDP in Dec 2023, compared with a share of 18.3 % in the previous quarter.
  • Luxembourg Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1995 to Dec 2023, with an average number of 15.8 %.
  • The data reached an all-time high of 22.4 % in Dec 2023 and a record low of 13.4 % in Jun 2007.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. The Statistics Portal of Luxembourg provides Government Consumption Expenditure in EUR and Nominal GDP in EUR.


Related information about Luxembourg Public Consumption: % of GDP

  • In the latest reports, Luxembourg GDP contracted 0.4 % YoY in Mar 2023.
  • Luxembourg Nominal GDP reached 22.0 USD bn in Mar 2023.
  • Its GDP deflator (implicit price deflator) increased 7.1 % in Mar 2023.
  • Luxembourg GDP Per Capita reached 124,327.5 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 52.5 % in Mar 2023.
  • For Nominal GDP contributions, Investment accounted for 17.9 % in Mar 2023.
  • Private Consumption accounted for 30.2 % in Mar 2023.

View Luxembourg's Public Consumption: % of GDP from Mar 1995 to Dec 2023 in the chart:

Luxembourg Public Consumption: % of GDP

What was Luxembourg's Public Consumption: % of GDP in Dec 2023?

Luxembourg Public Consumption accounted for 22.4 % of its Nominal GDP in Dec 2023, compared with a share of 18.3 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
22.4 Dec 2023 18.3 Sep 2023 13.4 Jun 2007 22.4 Dec 2023 % quarterly Mar 1995 - Dec 2023

Public Consumption: % of GDP by Country Comparison

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Includes Public Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 9.4 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 2.3 2022 yearly 1950 - 2022
Argentina (%) 15.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Armenia (%) 16.1 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 20.4 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 20.7 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 16.4 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 15.8 2021 yearly 1975 - 2021
Bangladesh (%) 5.7 2023 yearly 1973 - 2023
Belarus (%) 18.9 Dec 2023 quarterly Mar 1994 - Dec 2023
Belgium (%) 24.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 20.7 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 20.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Botswana (%) 31.8 Dec 2023 quarterly Mar 2006 - Dec 2023
Brazil (%) 21.0 Dec 2023 quarterly Mar 1996 - Dec 2023
Brunei (%) 17.6 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 20.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 7.4 2022 yearly 1993 - 2022
Canada (%) 21.2 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 15.7 Dec 2023 quarterly Mar 1996 - Dec 2023
China (%) 15.9 2021 yearly 1952 - 2021
Colombia (%) 18.2 Dec 2023 quarterly Mar 2005 - Dec 2023
Croatia (%) 24.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 22.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 22.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 22.8 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 13.3 Dec 2023 quarterly Mar 1991 - Dec 2023
Egypt (%) 6.0 Dec 2023 quarterly Sep 2001 - Dec 2023
Estonia (%) 23.5 Dec 2023 quarterly Mar 1993 - Dec 2023
European Union (%) 22.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Finland (%) 23.8 Dec 2022 quarterly Mar 1975 - Dec 2022
France (%) 23.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Georgia (%) 12.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 22.6 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 5.9 2023 yearly 2006 - 2023
Greece (%) 21.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Hong Kong SAR, China (%) 13.7 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (%) 19.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 27.5 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 8.5 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 9.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (%) 10.7 Sep 2023 quarterly Jun 1988 - Sep 2023
Ireland (%) 11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 26.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 19.6 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) 9.6 2023 yearly 1960 - 2023
Japan (%) 20.4 Mar 2023 quarterly Mar 1980 - Mar 2023
Jordan (%) 18.4 2022 yearly 1963 - 2022
Kazakhstan (%) 8.7 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.3 2022 yearly 1960 - 2022
South Korea (%) 17.6 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Kuwait (%) 24.8 2019 yearly 1962 - 2019
Kyrgyzstan (%) 17.9 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 14.0 2016 yearly 2000 - 2016
Latvia (%) 19.5 Jun 2023 quarterly Mar 1992 - Jun 2023
Lebanon (%) 15.7 2020 yearly 1990 - 2020
Lithuania (%) 20.0 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 22.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 14.6 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 17.7 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) 13.9 2019 yearly 1960 - 2019
Malaysia (%) 14.5 Dec 2023 quarterly Mar 1991 - Dec 2023
Malta (%) 18.8 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 12.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Mexico (%) 10.9 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 18.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) 20.1 Dec 2022 quarterly Mar 2010 - Dec 2022
Montenegro (%) 13.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 18.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Mozambique (%) 16.7 2022 yearly 1963 - 2022
Nepal (%) 5.4 2023 yearly 1975 - 2023
Netherlands (%) 24.3 Mar 2023 quarterly Mar 1977 - Mar 2023
New Zealand (%) 20.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 4.4 2022 yearly 1981 - 2022
Norway (%) 21.4 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 17.9 2022 yearly 1980 - 2022
Pakistan (%) 9.7 2023 yearly 1960 - 2023
Palestinian Territory (%) 20.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Panama (%) 13.7 2021 yearly 1996 - 2021
Paraguay (%) 13.6 Dec 2023 quarterly Mar 1994 - Dec 2023
Peru (%) 14.9 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 20.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Portugal (%) 20.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Qatar (%) 13.1 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 16.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 17.5 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (%) 27.6 Dec 2023 quarterly Mar 2003 - Dec 2023
Serbia (%) 16.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Singapore (%) 10.2 2023 yearly 1960 - 2023
Slovakia (%) 24.6 Dec 2022 quarterly Mar 1990 - Dec 2022
Slovenia (%) 19.8 Dec 2023 quarterly Mar 1995 - Dec 2023
South Africa (%) 19.8 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 19.2 Mar 2023 quarterly Mar 1980 - Mar 2023
Sri Lanka (%) 5.9 Mar 2023 quarterly Mar 2010 - Mar 2023
Sudan (%) 17.9 2022 yearly 1960 - 2022
Sweden (%) 25.8 Dec 2022 quarterly Mar 1980 - Dec 2022
Switzerland (%) 11.4 Dec 2023 quarterly Mar 1980 - Dec 2023
Syria (%) 10.9 2021 yearly 1963 - 2021

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Luxembourg Key Series

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Includes 207 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) 47.258 2028 yearly 1995 - 2028
Forecast: Government Net Debt (EUR bn) 31.235 2028 yearly 1995 - 2028
Forecast: Government Revenue (EUR bn) 46.559 2028 yearly 1995 - 2028
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) -668.8 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports (USD mn) 1,397.1 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports Growth (%) -6.4 Jan 2024 monthly Jan 1989 - Jan 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) 2,065.8 Jan 2024 monthly Jan 1988 - Jan 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) 37.835 Jan 2024 monthly Jan 1988 - Jan 2024
Total Imports from USA (USD mn) 103.283 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports to China (USD mn) 26.725 Dec 2023 monthly Jan 1997 - Dec 2023
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -613.596 Jan 2024 monthly Jan 1988 - Jan 2024
Exports (EUR mn) 1,205.821 Jan 2024 monthly Jan 1988 - Jan 2024
Imports: sa (EUR mn) 1,895.427 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: sa (EUR mn) 1,281.832 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Other Manufactured Goods (EUR mn) 181.385 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Chemicals and Related Products (EUR mn) 154.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Base Metal Products (EUR mn) 192.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Machinery and Equipment (EUR mn) 222.730 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Transport Equipment (EUR mn) 165.614 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 210.429 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: America: ow United States of America (EUR mn) 34.714 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Asia: ow Japan (EUR mn) 10.120 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 287.475 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 155.422 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union (EUR mn) 966.420 Jan 2024 monthly Jan 1988 - Jan 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 (%) -584.6 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) -10,771.4 Sep 2023 quarterly Mar 2002 - Sep 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: Financial Account (FA) (EUR mn) 1,410.323 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: DI: Liabilities (EUR mn) -122,111.145 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: OI: Liabilities (EUR mn) 15,691.597 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Secondary Income (EUR mn) -629.066 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Reserve Assets (EUR mn) -40.841 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Other Investment (OI): Assets (EUR mn) 9,010.554 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Portfolio Investment (PI): Assets (EUR mn) 1,914.581 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Services (EUR mn) 7,195.541 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Errors & Omissions (EUR mn) -1.048 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Goods (EUR mn) 654.079 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Current Account (CA) (EUR mn) 1,465.188 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Direct Investment (DI): Assets (EUR mn) -144,543.807 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: PI: Liabilities (EUR mn) -24,155.583 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Capital Account (EUR mn) -53.816 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives (EUR mn) 4,494.705 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) 295,031.099 Feb 2024 monthly Jan 1999 - Feb 2024
Money Supply M2 (USD mn) 391,645.679 Feb 2024 monthly Jan 1999 - Feb 2024
M2 Growth (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 188.5 Feb 2024 monthly Jan 1999 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 0.224 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 0.1 Jan 2024 monthly Jan 1999 - Jan 2024
Gold Reserves (USD mn) 148.116 Feb 2024 monthly Jan 1999 - Feb 2024
Total Deposits (USD mn) 855,753.887 Dec 2023 quarterly Mar 2003 - Dec 2023
Total Deposits Growth (%) -1.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Domestic Credit (USD mn) 149,821.8 Jan 2024 monthly Jan 1999 - Jan 2024
Domestic Credit Growth (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 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) 737,377.642 Feb 2024 monthly Jan 2001 - Feb 2024
Total Loans Growth (%) -4.07 Feb 2024 monthly Jan 2002 - Feb 2024
Private Debt: % of Nominal GDP (%) 93.17 Dec 2023 quarterly Mar 1999 - Dec 2023
Money Supply: M3 (EUR bn) 472.900 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2 (EUR bn) 363.400 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2: M1 (EUR bn) 274.200 Jan 2024 monthly Jan 1999 - Jan 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) 174.422 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets (EUR mn) 2,727.227 Feb 2024 monthly Jan 1999 - Feb 2024
Bank Deposits: Domestic (EUR mn) 309,368.600 Feb 2024 monthly Jan 2003 - Feb 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 173,440.782 Feb 2024 monthly Jan 1999 - Feb 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -10.8 Mar 2024 monthly Jan 1986 - Mar 2024

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