Luxembourg Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Luxembourg's government debt to gdp was 27.12% in 2025, ranked 159th globally. This represents a 3.2% increase from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Luxembourg's government debt to gdp stood at 27.12% in 2025, a rise of +0.83% from 2024. The IMF projects 27.12% by 2025. Luxembourg ranked 159th globally.
Luxembourg’s government debt-to‑GDP ratio has risen steadily from a low of 10.28 % in 1995 to an all‑time peak of 27.12 % in 2025, placing the Grand Duchy at 159th in the global ranking and marking the highest level recorded over the 31‑year series. The trough of 7.43 % occurred in 2003, reflecting a period of fiscal consolidation before the gradual ascent that accelerated after the global financial crisis. By 2025 the ratio is marginally higher than Cambodia’s 27.84 % and Guatemala’s 26.98 %, indicating that Luxembourg now clusters with emerging economies rather than its traditional high‑income peers. The upward trajectory is driven by expanding public spending on social programmes and infrastructure, offset by modest revenue growth. If fiscal discipline is reinforced and economic growth outpaces spending, the debt ratio could stabilise or modestly decline; otherwise, continued deficits may keep the upward trend intact.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 30.59% | - | - |
| 2029* IMF | 30.08% | - | - |
| 2028* IMF | 29.40% | - | - |
| 2027* IMF | 28.62% | - | - |
| 2026* IMF | 28.06% | - | - |
| 2025* IMF | 27.12% | - | - |
| 2025 | 27.12% | +0.83% | #159 |
| 2024 | 26.29% | +1.61% | #28 |
| 2023 | 24.68% | −0.22% | #22 |
| 2022 | 24.90% | +0.72% | #24 |
| 2021 | 24.19% | −0.35% | #18 |
| 2020 | 24.53% | +2.19% | #21 |
| 2019 | 22.34% | +1.47% | #23 |
| 2018 | 20.87% | −0.93% | #22 |
| 2017 | 21.80% | +2.20% | #21 |
| 2016 | 19.60% | −1.54% | #18 |
| 2015 | 21.13% | −0.73% | #25 |
| 2014 | 21.86% | −0.54% | #32 |
| 2013 | 22.41% | +1.56% | #39 |
| 2012 | 20.85% | +2.35% | #41 |
| 2011 | 18.50% | −0.59% | #29 |
Detected Pattern
Analysis
Luxembourg matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
The provided news headline details protests in France and Italy, along with a train incident in Spain. It does not contain any information or developments related to Luxembourg's economy, government, or its Government Debt to GDP ratio of 27.12%. Therefore, these specific events do not directly impact Luxembourg's government debt based on the given information.
Frequently Asked Questions
Luxembourg's government debt to gdp was 27.12% in 2025. Ranked 159th globally. This represents a 3.2% increase from the previous year.
Luxembourg's government debt to gdp peaked at 27.12% in 2025.
The lowest government debt to gdp in Luxembourg was 7.44% in 2003.
Luxembourg ranks 159th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Luxembourg's government debt to gdp is projected to reach 27.12% by 2025 based on IMF projection.
The government debt to gdp of Luxembourg in 2025 was 27.12%. This ranks 159th in the world.
Cite this page
@misc{historysaid_luxembourg_government-debt-to-gdp,
title = {Luxembourg Government Debt to GDP},
url = {https://historysaid.com/luxembourg/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}