Government Spending in Luxembourg increased to 2728.10 EUR Million in the second quarter of 2021 from 2487 EUR Million in the first quarter of 2021. source: STATEC, Luxembourg

Government Spending in Luxembourg averaged 1621.87 EUR Million from 1995 until 2021, reaching an all time high of 2728.10 EUR Million in the second quarter of 2021 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 December of 2021.

Government Spending in Luxembourg is expected to be 2490.00 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 2585.00 EUR Million in 2022 and 2649.00 EUR Million in 2023, according to our econometric models.

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Luxembourg Government Spending

Related Last Previous Unit Reference
Government Debt to GDP 24.90 22.00 percent of GDP Dec/20
Government Budget -4.10 2.40 percent of GDP Dec/20
Government Spending 2728.10 2487.00 EUR Million Jun/21
Government Revenues 28033.50 28381.20 EUR Million Dec/20
Fiscal Expenditure 30653.70 26877.00 EUR Million Dec/20
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.