Luxembourg Debt to GDP Ratio 1998-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Luxembourg debt to gdp ratio for 2022 was 26.23%, a 2.46% decline from 2021.
  • Luxembourg debt to gdp ratio for 2021 was 28.70%, a 0.75% decline from 2020.
  • Luxembourg debt to gdp ratio for 2020 was 29.45%, a 1.93% increase from 2019.
  • Luxembourg debt to gdp ratio for 2019 was 27.52%, a 2.15% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Japan 216.21%
Greece 203.29%
Singapore 157.36%
United Kingdom 142.28%
Italy 139.00%
Cyprus 125.92%
Portugal 119.40%
United States 110.39%
Spain 104.79%
France 98.66%
Belgium 94.04%
Iceland 87.52%
Bahamas 82.16%
Croatia 82.08%
Hungary 75.47%
Austria 75.05%
Latvia 73.87%
Slovenia 71.86%
Slovak Republic 64.51%
Finland 60.79%
Malta 59.11%
Australia 57.97%
Canada 56.09%
Netherlands 53.67%
South Korea 51.18%
Poland 50.15%
Czech Republic 46.82%
Ireland 46.71%
Germany 44.53%
Sweden 36.25%
Lithuania 36.05%
Norway 28.71%
Denmark 26.37%
Luxembourg 26.23%
Estonia 25.20%
Switzerland 18.15%
Luxembourg Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2022 26.23% -2.46%
2021 28.70% -0.75%
2020 29.45% 1.93%
2019 27.52% 2.15%
2018 25.37% -0.82%
2017 26.19% 2.16%
2016 24.03% -1.64%
2015 25.68% -0.47%
2014 26.15% 0.73%
2013 25.42% 0.82%
2012 24.60% 2.45%
2011 22.14% 0.21%
2010 21.94% 4.38%
2009 17.56% 0.35%
2008 17.21% 6.81%
2007 10.40% -1.06%
2006 11.45% -0.57%
2005 12.03% -1.61%
2004 13.64% 1.93%
2003 11.70% -0.39%
2002 12.09% -0.28%
2001 12.38% 0.06%
2000 12.31% -0.48%
1999 12.80% -1.39%
1998 14.19% -1.39%