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Luxembourg Debt to GDP Ratio

Luxembourg's government debt-to-GDP ratio hit a record 26.3% in 2024, up from 25% in 2023. This increase is due to government support measures like the Solidaritéitspak which addressed energy prices and the construction sector. These measures widened the government deficit, impacting the debt-to-GDP ratio. The nation faced a recession in 2023 and challenging geopolitical conditions. Luxembourg's record low government debt to gdp was 7.4% in 2002 and record high was 26.3% in 2024.

Yearly Historical Data (1995-2024)

(in %)
Year Debt to GDP Ratio
2024 26.3%
2023 25%
2022 24.9%
2021 24.2%
2020 24.5%
2019 22.3%
2018 20.9%
2017 21.8%
2016 19.6%
2015 21.1%
2014 21.9%
2013 22.4%
2012 20.8%
2011 18.5%
2010 19.1%
2009 15.3%
2008 14.6%
2007 8.1%
2006 8.2%
2005 8%
2004 7.8%
2003 7.4%
2002 7.4%
2001 7.6%
2000 7.5%
1999 8.1%
1998 9.1%
1997 9.5%
1996 10%
1995 10.1%
Luxembourg Debt to GDP Ratio : Definition
Luxembourg's government debt to GDP shows its debt relative to its economic output. It is calculated by dividing total government debt by gross domestic product. The result is typically expressed as a percentage.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 4.3% 6.8% Dec'24
Private Credit (% GDP) 85.22% 94.5% 2024