Luxembourg Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Luxembourg's credit to gdp was 80.84% in 2025, ranked 25th globally. This represents a 5.1% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Luxembourg's credit to gdp stood at 80.84% in 2025, a decline of +4.30% from 2024. Based on recent trends, this figure is projected to reach 80.84% by 2025. Luxembourg ranked 25th globally.
Luxembourg’s credit‑to‑GDP ratio has risen modestly from 78.45 in 2001 to 80.84 in 2025, placing the Grand Duchy at 25th position worldwide. The indicator peaked sharply at 110.21 in 2020, a level that reflected the pandemic‑induced expansion of public and private borrowing, before retreating to its current position. The all‑time trough of 66.00 in 2004 marks the lowest point in the 25‑year series, after which the ratio has generally trended upward. Compared with peer economies, Luxembourg’s 2025 figure is slightly below Iceland’s 86.20 and marginally above Jordan’s 80.43, indicating a moderate financing stance relative to similarly ranked nations. The post‑2020 decline suggests a gradual deleveraging as fiscal balances improve and monetary conditions tighten. Continued pressure on interest rates or a resurgence of fiscal stimulus could alter this trajectory, but current patterns point toward a steady, modest reduction in the credit‑to‑GDP ratio.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 68.86% | - | - |
| 2026* trend | 74.85% | - | - |
| 2025* trend | 80.84% | - | - |
| 2025 | 80.84% | −4.30% | #25 |
| 2024 | 85.14% | −8.06% | #103 |
| 2023 | 93.21% | −9.34% | #129 |
| 2022 | 102.55% | −0.45% | #139 |
| 2021 | 103.00% | −7.21% | #143 |
| 2020 | 110.21% | +1.20% | #148 |
| 2019 | 109.01% | +3.52% | #156 |
| 2018 | 105.50% | +5.02% | #154 |
| 2017 | 100.47% | +4.22% | #149 |
| 2016 | 96.25% | +4.47% | #150 |
| 2015 | 91.78% | +5.48% | #148 |
| 2014 | 86.31% | −0.36% | #144 |
| 2013 | 86.66% | +3.08% | #143 |
| 2012 | 83.58% | −0.59% | #141 |
| 2011 | 84.18% | −1.94% | #138 |
Detected Pattern
Analysis
Luxembourg matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Luxembourg's credit to gdp was 80.84% in 2025. Ranked 25th globally. This represents a 5.1% decrease from the previous year.
Luxembourg's credit to gdp peaked at 110.21% in 2020.
The lowest credit to gdp in Luxembourg was 66.00% in 2004.
Luxembourg ranks 25th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Luxembourg's credit to gdp is projected to reach 80.84% by 2025 based on trend extrapolation.
The credit to gdp of Luxembourg in 2025 was 80.84%. This ranks 25th in the world.
Cite this page
@misc{historysaid_luxembourg_credit-to-gdp,
title = {Luxembourg Credit to GDP},
url = {https://historysaid.com/luxembourg/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}