Luxembourg—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #49 of 192Updated August 2026
Latest Value
-3.1%
2031
YoY Change
-6.9%
2030 → 2031
Global Rank
#49
of 192 countries
Maximum
5.6%
2000
Minimum
-3.1%
2020
Last
-3.1%
Previous
-2.9%
Highest
5.6%
Lowest
-3.1%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Luxembourg's fiscal balance (% of GDP) was -1.2% in 2026, ranking #49 out of 192 countries. This represents a -6.9% change from 2030. Over the past 27 years, the highest recorded value was 5.6% (2000) and the lowest was -3.1% (2020). The IMF WEO projects -3.1% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -3.1% | -6.9% |
| 2030 | -2.9% | -7.4% |
| 2029 | -2.7% | -12.5% |
| 2028 | -2.4% | -100.0% |
| 2027 | -1.2% | +0.0% |
| 2026 | -1.2% | -20.0% |
| 2025 | -1.0% | -211.1% |
| 2024 | 0.9% | +228.6% |
| 2023 | -0.7% | -450.0% |
| 2022 | 0.2% | -81.8% |
| 2021 | 1.1% | +135.5% |
| 2020 | -3.1% | -214.8% |
| 2019 | 2.7% | -15.6% |
| 2018 | 3.2% | +128.6% |
| 2017 | 1.4% | -26.3% |
| 2016 | 1.9% | +46.2% |
| 2015 | 1.3% | +0.0% |
| 2014 | 1.3% | +62.5% |
| 2013 | 0.8% | +60.0% |
| 2012 | 0.5% | -28.6% |
| 2011 | 0.7% | +333.3% |
| 2010 | -0.3% | -50.0% |
| 2009 | -0.2% | -105.9% |
| 2008 | 3.4% | -22.7% |
| 2007 | 4.4% | +131.6% |
| 2006 | 1.9% | +1050.0% |
| 2005 | -0.2% | +85.7% |
| 2004 | -1.4% | -566.7% |
| 2003 | 0.3% | -85.0% |
| 2002 | 2.0% | -64.3% |
| 2001 | 5.6% | +0.0% |
| 2000 | 5.6% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -1.2% | -20.0% |
| 2027Forecast | -1.2% | +0.0% |
| 2028Forecast | -2.4% | -100.0% |
| 2029Forecast | -2.7% | -12.5% |
| 2030Forecast | -2.9% | -7.4% |
| 2031Forecast | -3.1% | -6.9% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP