Luxembourg - Budget Deficit 2020
-3.09%
−5.77% from 2019
Luxembourg's budget deficit was -3.09% in 2020, decreased +5.77% from 2.68% in 2019. This was the 144th highest globally.
Global Ranking - 2020▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | San Marino | -37.59% | -34,707.4% |
| 2nd | Maldives | -23.70% | -262.2% |
| 3rd | Libya | -22.27% | -286.7% |
| 4th | Macao SAR, China | -21.41% | -248.3% |
| 5th | Timor-Leste | -18.90% | 25.7% |
| 6th | Ghana | -17.44% | -132.0% |
| 7th | Bahrain | -17.31% | -102.0% |
| 8th | Aruba | -16.91% | -6,773.2% |
| 9th | Brunei Darussalam | -15.77% | -327.5% |
| 10th | Seychelles | -15.75% | -3,822.5% |
| 11th | Oman | -15.67% | -224.5% |
| 12th | United States | -14.12% | -143.3% |
| 13th | Zambia | -13.76% | -46.3% |
| 14th | Sri Lanka | -13.36% | -77.7% |
| 15th | United Kingdom | -13.17% | -432.9% |
| 16th | Palau | -13.02% | -3,517.2% |
| 17th | India | -12.86% | -67.2% |
| 18th | Iraq | -12.82% | -1,636.6% |
| 19th | Bolivia, Plurinational State of | -12.72% | -75.5% |
| 20th | Suriname | -11.95% | 40.9% |
| 21st | Trinidad and Tobago | -11.83% | -218.1% |
| 22nd | Brazil | -11.64% | -139.5% |
| 23rd | St. Lucia | -11.37% | -223.9% |
| 24th | Montenegro | -11.01% | -533.9% |
| 25th | Canada | -10.95% | -64,305.9% |
| 26th | Botswana | -10.87% | -27.4% |
| 27th | Israel | -10.70% | -182.3% |
| 28th | Algeria | -10.52% | -23.6% |
| 29th | Mauritius | -10.45% | -27.6% |
| 30th | Greece | -10.34% | -11,919.8% |
| 31st | Saudi Arabia | -10.22% | -157.8% |
| 32nd | Panama | -10.20% | -252.8% |
| 33rd | Jordan | -10.11% | -40.6% |
| 34th | Spain | -10.03% | -229.8% |
| 35th | Guinea-Bissau | -9.64% | -149.6% |
| 36th | Senegal | -9.64% | 30.8% |
| 37th | South Africa | -9.62% | -89.7% |
| 38th | China | -9.56% | -59.3% |
| 39th | Rwanda | -9.54% | -88.0% |
| 40th | Romania | -9.54% | -109.6% |
| 41st | Italy | -9.38% | -546.8% |
| 42nd | Cabo Verde | -9.29% | -474.7% |
| 43rd | Mongolia | -9.24% | -1,021.2% |
| 44th | Hong Kong SAR, China | -9.23% | -1,483.0% |
| 45th | Georgia | -9.16% | -401.8% |
| 46th | Japan | -9.08% | -198.0% |
| 47th | Tunisia | -9.06% | -151.4% |
| 48th | Belgium | -9.04% | -341.2% |
| 49th | France | -8.93% | -273.3% |
| 50th | Papua New Guinea | -8.85% | -77.9% |
| 51st | Iceland | -8.73% | -455.1% |
| 52nd | Australia | -8.73% | -98.0% |
| 53rd | Malta | -8.72% | -1,307.9% |
| 54th | Argentina | -8.67% | -95.1% |
| 55th | Belize | -8.57% | -195.2% |
| 56th | Costa Rica | -8.38% | -25.4% |
| 57th | Fiji | -8.34% | -128.5% |
| 58th | Austria | -8.20% | -1,630.6% |
| 59th | El Salvador | -8.18% | -166.4% |
| 60th | Peru | -8.16% | -496.6% |
| 61st | Kenya | -8.13% | -9.7% |
| 62nd | Namibia | -8.07% | -47.0% |
| 63rd | North Macedonia | -8.05% | -308.9% |
| 64th | Malawi | -8.03% | -76.6% |
| 65th | Dominican Republic | -7.94% | -129.6% |
| 66th | Guyana | -7.78% | -209.2% |
| 67th | Uganda | -7.76% | -61.2% |
| 68th | Slovenia | -7.68% | -1,227.3% |
| 69th | Dominica | -7.53% | 13.6% |
| 70th | Hungary | -7.49% | -269.9% |
| 71st | Egypt, Arab Republic of | -7.47% | 1.7% |
| 72nd | Nepal | -7.47% | -74.9% |
| 73rd | Ecuador | -7.38% | -112.7% |
| 74th | West Bank and Gaza | -7.37% | -64.6% |
| 75th | Lebanon | -7.37% | 29.9% |
| 76th | Croatia | -7.23% | -412.6% |
| 77th | Morocco | -7.15% | -87.9% |
| 78th | Colombia | -7.13% | -104.6% |
| 79th | Bahamas, The | -7.11% | -323.2% |
| 80th | Chile | -7.10% | -159.8% |
| 81st | Togo | -7.05% | -523.0% |
| 82nd | Kazakhstan | -7.04% | -1,134.6% |
| 83rd | Pakistan | -7.03% | 9.7% |
| 84th | Serbia | -6.91% | -172,725.0% |
| 85th | Poland | -6.85% | -833.7% |
| 86th | Singapore | -6.73% | -278.7% |
| 87th | Albania | -6.67% | -247.0% |
| 88th | Burundi | -6.58% | -2.8% |
| 89th | Myanmar | -6.50% | -38.5% |
| 90th | Azerbaijan | -6.44% | -171.9% |
| 91st | Lithuania | -6.42% | -1,657.8% |
| 92nd | Antigua and Barbuda | -6.23% | -71.1% |
| 93rd | Mozambique | -6.19% | -463.4% |
| 94th | Indonesia | -6.08% | -190.5% |
| 95th | Sudan | -6.03% | 44.0% |
| 96th | St. Vincent and the Grenadines | -5.92% | -71.6% |
| 97th | Ukraine | -5.92% | -184.2% |
| 98th | Portugal | -5.75% | -5,016.2% |
| 99th | Paraguay | -5.72% | -134.2% |
| 100th | Czechia | -5.65% | -2,096.5% |
| 101st | Cyprus | -5.58% | -640.7% |
| 102nd | Philippines | -5.55% | -269.0% |
| 103rd | Finland | -5.53% | -493.1% |
| 104th | South Sudan | -5.50% | -13,192.9% |
| 105th | Estonia | -5.42% | -4,876.1% |
| 106th | Mali | -5.42% | -221.9% |
| 107th | Côte d'Ivoire | -5.42% | -144.1% |
| 108th | Armenia | -5.40% | -453.0% |
| 109th | Lao PDR | -5.37% | -67.6% |
| 110th | Moldova | -5.32% | -262.7% |
| 111th | Slovak Republic | -5.30% | -339.5% |
| 112th | Burkina Faso | -5.16% | -52.3% |
| 113th | Guatemala | -4.91% | -119.6% |
| 114th | Malaysia | -4.90% | -144.1% |
| 115th | Ireland | -4.87% | -1,299.0% |
| 116th | Iran, Islamic Republic of | -4.87% | -13.3% |
| 117th | Bangladesh | -4.84% | 10.5% |
| 118th | Niger | -4.82% | -35.4% |
| 119th | Benin | -4.68% | -786.7% |
| 120th | Türkiye | -4.64% | 1.2% |
| 121st | Uruguay | -4.64% | -70.8% |
| 122nd | Honduras | -4.58% | -5,250.6% |
| 123rd | Grenada | -4.55% | -191.7% |
| 124th | Bosnia and Herzegovina | -4.50% | -429.1% |
| 125th | Barbados | -4.47% | -247.5% |
| 126th | Thailand | -4.47% | -1,146.6% |
| 127th | Germany | -4.38% | -430.1% |
| 128th | New Zealand | -4.35% | -74.1% |
| 129th | Tajikistan | -4.34% | -112.4% |
| 130th | Yemen, Republic of | -4.30% | 26.9% |
| 131st | Mexico | -4.29% | -89.3% |
| 132nd | Eswatini | -4.22% | 32.3% |
| 133rd | Nigeria | -4.03% | -21.7% |
| 134th | Liberia | -4.02% | 18.4% |
| 135th | Russian Federation | -3.99% | -306.7% |
| 136th | Madagascar | -3.96% | -178.5% |
| 137th | Latvia | -3.85% | -876.6% |
| 138th | Netherlands | -3.72% | -294.8% |
| 139th | Sierra Leone | -3.50% | -79.1% |
| 140th | Central African Republic | -3.24% | -344.1% |
| 141st | Cameroon | -3.19% | 1.7% |
| 142nd | Sweden | -3.18% | -822.7% |
| 143rd | Congo, Democratic Republic of | -3.17% | -0.2% |
| 144th | Luxembourg | -3.09% | -215.5% |
| 145th | Guinea | -3.08% | -1,723.1% |
| 146th | Kyrgyz Republic | -3.06% | -4,037.8% |
| 147th | St. Kitts and Nevis | -3.06% | -336.1% |
| 148th | Switzerland | -3.01% | -324.8% |
| 149th | Uzbekistan | -2.95% | -876.8% |
| 150th | Bulgaria | -2.92% | -203.5% |
| 151st | Belarus | -2.87% | -415.4% |
| 152nd | Jamaica | -2.87% | -438.9% |
| 153rd | Viet Nam | -2.86% | -620.7% |
| 154th | Djibouti | -2.58% | -162.4% |
| 155th | Nicaragua | -2.57% | -129.1% |
| 156th | Norway | -2.56% | -139.2% |
| 157th | Tanzania | -2.56% | -24.2% |
| 158th | Cambodia | -2.53% | -215.5% |
| 159th | Solomon Islands | -2.44% | -60.0% |
| 160th | United Arab Emirates | -2.42% | -196.8% |
| 161st | Gambia, The | -2.37% | 13.7% |
| 162nd | Afghanistan | -2.24% | -112.0% |
| 163rd | Gabon | -2.19% | -203.0% |
| 164th | Qatar | -2.13% | -313.6% |
| 165th | Korea | -2.11% | -699.7% |
| 166th | Haiti | -1.96% | 2.0% |
| 167th | Vanuatu | -1.95% | -169.3% |
| 168th | Bhutan | -1.81% | -21.6% |
| 169th | Equatorial Guinea | -1.77% | -197.1% |
| 170th | Angola | -1.66% | -339.4% |
| 171st | Congo, Republic of | -1.11% | -125.7% |
| 172nd | Andorra | -1.07% | -146.2% |
| 173rd | Puerto Rico (US) | -0.55% | -129.0% |
| 174th | Comoros | -0.52% | 88.0% |
| 175th | Zimbabwe | -0.34% | 80.4% |
| 176th | Turkmenistan | -0.16% | 60.7% |
| 177th | Kuwait | 0.14% | -98.9% |
| 178th | Somalia, Fed. Rep. | 0.29% | 4.0% |
| 179th | Denmark | 0.36% | -91.5% |
| 180th | Lesotho | 1.18% | 120.7% |
| 181st | Chad | 1.24% | 1,212.6% |
| 182nd | Marshall Islands | 2.54% | 240.7% |
| 183rd | Mauritania | 2.78% | 5.1% |
| 184th | São Tomé and Principe | 2.94% | 4,554.5% |
| 185th | Kiribati | 3.57% | -67.0% |
| 186th | Tonga | 5.25% | 60.0% |
| 187th | Samoa | 5.41% | 258.9% |
| 188th | Micronesia, Federated States of | 6.42% | -67.1% |
| 189th | Liechtenstein | 7.39% | 105.4% |
| 190th | Tuvalu | 13.69% | 1,377.1% |
| 191st | Nauru | 42.81% | 38.1% |
FAQ
What was Luxembourg's budget deficit in 2020?▾
Luxembourg's budget deficit in 2020 was -3.09%. This ranked 144th globally.
How did Luxembourg's budget deficit change in 2020?▾
Luxembourg's budget deficit decreased by 215.5% in 2020 compared to 2019.
Which country had the highest budget deficit in 2020?▾
Nauru had the highest budget deficit in 2020 at 42.81%.
What is the budget deficit of Luxembourg in 2020?▾
The budget deficit of Luxembourg in 2020 was -3.09%. This ranked 144th globally.
How does 2020 compare to 2019 for Luxembourg's budget deficit?▾
Luxembourg's budget deficit went from 2.68% in 2019 to -3.09% in 2020, a 215.5% decrease.
Related
2019
2021
All years
Full ranking 2020
Tax Revenue
Government Spending
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Government Debt to GDP
Peak: 2001
Lowest: 2020
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
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Lowest ever
Average
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European Union Budget Deficit
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