Luxembourg - Expense (% of GDP)

Expense (% of GDP) in Luxembourg was 39.25 as of 2019. Its highest value over the past 47 years was 39.25 in 2019, while its lowest value was 21.59 in 1974.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 23.01
1973 22.03
1974 21.59
1975 29.75
1976 30.28
1977 33.02
1978 31.86
1979 32.76
1980 33.33
1981 35.11
1982 35.70
1983 35.53
1984 33.53
1985 32.03
1986 30.77
1987 32.03
1988 30.85
1989 28.07
1990 30.18
1991 30.23
1992 32.86
1993 32.33
1994 32.49
1995 38.00
1996 37.80
1997 37.56
1998 37.14
1999 35.74
2000 34.17
2001 35.32
2002 36.72
2003 38.24
2004 38.83
2005 38.23
2006 35.74
2007 34.03
2008 34.70
2009 38.68
2010 37.55
2011 37.71
2012 38.65
2013 38.58
2014 37.76
2015 37.15
2016 36.76
2017 37.66
2018 38.58
2019 39.25

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance