Government Spending in Luxembourg decreased to 2261.90 EUR Million in the first quarter of 2020 from 2268.70 EUR Million in the fourth quarter of 2019.

Government Spending in Luxembourg averaged 1579.71 EUR Million from 1995 until 2020, reaching an all time high of 2268.70 EUR Million in the fourth quarter of 2019 and a record low of 958.10 EUR Million in the first quarter of 1995. This page provides - Luxembourg Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Luxembourg is expected to be 2177.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Luxembourg to stand at 2386.00 in 12 months time. In the long-term, the Luxembourg Government Spending is projected to trend around 2250.00 EUR Million in 2021 and 2306.00 EUR Million in 2022, according to our econometric models.

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Luxembourg Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2261.90 2268.70 2268.70 958.10 1995 - 2020 EUR Million Quarterly
Constant Prices 2010, SA

Luxembourg Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.10 21.00 23.70 7.40 percent [+]
Government Budget 2.20 3.10 5.70 -1.40 percent of GDP [+]
Government Budget Value 1600.00 768.50 1600.00 -358.40 EUR Million [+]
Government Spending 2261.90 2268.70 2268.70 958.10 EUR Million [+]
Government Spending to GDP 42.60 42.30 45.70 37.90 percent [+]
Government Revenues 26788.30 24525.60 26788.30 6838.20 EUR Million [+]
Fiscal Expenditure 25188.30 23757.00 25188.30 6417.20 EUR Million [+]
Military Expenditure 393.00 358.00 393.00 24.90 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 110.00 60.00 430.00 25.00 persons [+]

Luxembourg Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.