Government Spending in Luxembourg increased to 2267.40 EUR Million in the fourth quarter of 2019 from 2237.90 EUR Million in the third quarter of 2019.

Government Spending in Luxembourg averaged 1699 EUR Million from 2000 until 2019, reaching an all time high of 2267.40 EUR Million in the fourth quarter of 2019 and a record low of 1183.20 EUR Million in the first quarter of 2000. 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 June of 2020.

Government Spending in Luxembourg is expected to be 2116.00 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 2245.00 in 12 months time. In the long-term, the Luxembourg Government Spending is projected to trend around 2255.00 EUR Million in 2021 and 2312.00 EUR Million in 2022, according to our econometric models.

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Luxembourg Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2267.40 2237.90 2267.40 1183.20 2000 - 2019 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 2267.40 2237.90 2267.40 1183.20 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 160.00 220.00 430.00 40.00 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.