Government Spending in Luxembourg increased to 2903.89 EUR Million in the third quarter of 2022 from 2857.31 EUR Million in the second quarter of 2022. source: STATEC, Luxembourg

Government Spending in Luxembourg averaged 1857.20 EUR Million from 1995 until 2022, reaching an all time high of 2903.89 EUR Million in the third quarter of 2022 and a record low of 1147.13 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 February of 2023.

Government Spending in Luxembourg is expected to be 2811.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Spending is projected to trend around 3033.00 EUR Million in 2024 and 3109.00 EUR Million in 2025, according to our econometric models.

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Luxembourg Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 24.50 24.50 percent of GDP Dec 2021
Government Budget 0.80 -3.40 percent of GDP Dec 2021
Government Spending 2903.89 2857.31 EUR Million Sep 2022
Government Revenues 31664.50 28092.40 EUR Million Dec 2021
Fiscal Expenditure 31014.70 30288.80 EUR Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
2903.89 2857.31 2903.89 1147.13 1995 - 2022 EUR Million Quarterly
Constant Prices 2015, SA