Government spending in Luxembourg was last recorded at 42.3 percent of GDP in 2021 . source: EUROSTAT
Government Spending to GDP in Luxembourg averaged 41.83 percent of GDP from 1990 until 2021, reaching an all time high of 47.20 percent of GDP in 2020 and a record low of 37.40 percent of GDP in 2007. This page provides the latest reported value for - Luxembourg Government Spending to Gdp - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Government Spending to GDP - values, historical data and charts - was last updated on December of 2022.
Government Spending to GDP in Luxembourg is expected to reach 46.50 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Spending to GDP is projected to trend around 46.50 percent of GDP in 2023 and 44.40 percent of GDP in 2024, according to our econometric models.