Luxembourg Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Luxembourg's budget deficit was -1.06% in 2025, ranked 46th globally. This represents a 202.5% decrease from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Luxembourg's budget deficit stood at -1.06% in 2025, a decline of +2.09% from 2024. The IMF projects -1.06% by 2025. Luxembourg ranked 46th globally.
Luxembourg's budget deficit has exhibited significant fluctuations over the past three decades, with the country's fiscal stance ranging from a deficit of 2.71% in 1995 to a peak of 5.62% in 2001 and a trough of -3.09% in 2020. The most recent reading from the IMF World Economic Outlook (2025) indicates a deficit of -1.06%, positioning Luxembourg as the 46th largest deficit globally. Notably, this deficit is comparable to that of Djibouti, which held the same ranking in 2025. The country's fiscal stance has generally trended downwards since the 2001 peak, driven by prudent fiscal management. As the global economic environment evolves, a potential shift in trade dynamics or a significant change in EU fiscal policies could alter Luxembourg's budget trajectory, with a potential impact on the country's fiscal stance and ranking.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.31% | - | - |
| 2029* IMF | -2.23% | - | - |
| 2028* IMF | -2.09% | - | - |
| 2027* IMF | -1.60% | - | - |
| 2026* IMF | -1.47% | - | - |
| 2025* IMF | -1.06% | - | - |
| 2025 | -1.06% | −2.09% | #46 |
| 2024 | 1.03% | +1.81% | #160 |
| 2023 | -0.78% | −0.96% | #139 |
| 2022 | 0.18% | −0.82% | #151 |
| 2021 | 1.00% | +4.10% | #174 |
| 2020 | -3.09% | −5.77% | #144 |
| 2019 | 2.68% | −0.50% | #175 |
| 2018 | 3.18% | +1.81% | #174 |
| 2017 | 1.37% | −0.52% | #169 |
| 2016 | 1.89% | +0.59% | #175 |
| 2015 | 1.30% | −0.03% | #175 |
| 2014 | 1.33% | +0.49% | #161 |
| 2013 | 0.84% | +0.34% | #164 |
| 2012 | 0.50% | −0.15% | #153 |
| 2011 | 0.65% | +0.91% | #152 |
Detected Pattern
Analysis
Luxembourg matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Luxembourg's budget deficit was -1.06% in 2025. Ranked 46th globally. This represents a 202.5% decrease from the previous year.
Luxembourg's budget deficit peaked at 5.62% in 2001.
The lowest budget deficit in Luxembourg was -3.09% in 2020.
Luxembourg ranks 46th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Luxembourg's budget deficit is projected to reach -1.06% by 2025 based on IMF projection.
The budget deficit of Luxembourg in 2025 was -1.06%. This ranks 46th in the world.
Cite this page
@misc{historysaid_luxembourg_budget-deficit,
title = {Luxembourg Budget Deficit},
url = {https://historysaid.com/luxembourg/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}