Budget balance — all countries

Budget balance — Luxembourg

Budget balance in Luxembourg in 2031 — -3.1%. Ranked 127 in the world out of 188. Since 1995, the indicator has fallen by 5.8 pp.

2031 -3.1% −0.2 pp vs 2030
World rank 127of 188
Period maximum 5.6%2000
Period minimum -3.1%2020

Trend over time

1995–2031 · % of GDP

Budget balance — Luxembourg, 1995–2031-5-2.502.557.519951999200320072011201520192023202720311995: 2.7%1996: 2.4%1997: 2.7%1998: 3%1999: 3.2%2000: 5.6%2001: 5.6%2002: 2%2003: 0.3%2004: -1.4%2005: -0.2%2006: 1.9%2007: 4.4%2008: 3.4%2009: -0.2%2010: -0.3%2011: 0.7%2012: 0.5%2013: 0.8%2014: 1.3%2015: 1.3%2016: 1.9%2017: 1.4%2018: 3.2%2019: 2.7%2020: -3.1%2021: 1.1%2022: 0.2%2023: -0.7%2024: 0.9%2025: -1%2026: -1.2%2027: -1.2%2028: -2.4%2029: -2.7%2030: -2.9%2031: -3.1%
Change over the period: −5.8 pp Annual average: -0.16 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Luxembourg

Luxembourg -3.1%
World computed -4.85%
Europe & Central Asia computed -2.49%
Western Europe computed -3.11%
High-income countries computed -4.26%
Budget balance — Luxembourg, by year Luxembourg All countries CSV XLSX
Year % Change, pp
2031 -3.1 −0.2 pp
2030 -2.9 −0.2 pp
2029 -2.7 −0.3 pp
2028 -2.4 −1.2 pp
2027 -1.2 +0 pp
2026 -1.2 −0.2 pp
2025 -1 −1.9 pp
2024 0.9 +1.6 pp
2023 -0.7 −0.9 pp
2022 0.2 −0.9 pp
2021 1.1 +4.2 pp
2020 -3.1 −5.8 pp
2019 2.7 −0.5 pp
2018 3.2 +1.8 pp
2017 1.4 −0.5 pp
2016 1.9 +0.6 pp
2015 1.3 +0 pp
2014 1.3 +0.5 pp
2013 0.8 +0.3 pp
2012 0.5 −0.2 pp
2011 0.7 +1 pp
2010 -0.3 −0.1 pp
2009 -0.2 −3.6 pp
2008 3.4 −1 pp
2007 4.4 +2.5 pp
2006 1.9 +2.1 pp
2005 -0.2 +1.2 pp
2004 -1.4 −1.7 pp
2003 0.3 −1.7 pp
2002 2 −3.6 pp
2001 5.6 +0 pp
2000 5.6 +2.4 pp
1999 3.2 +0.2 pp
1998 3 +0.3 pp
1997 2.7 +0.3 pp
1996 2.4 −0.3 pp
1995 2.7

Western Europe, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.