Fiscal Balance in Luxembourg
The fiscal balance for Luxembourg averaged 0.9% of GDP in the decade to 2022, contrarily to Euro Area's average of -2.7% of GDP. Luxembourg's fiscal balance in 2022 was -0.3% of GDP. For more fiscal balance information, visit our dedicated page.
Luxembourg Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Luxembourg from 2014 to 2023.
Source: Macrobond.
Luxembourg Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 2.7 | -3.1 | 1.0 | 0.2 | -0.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Luxembourg fiscal balance projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Luxembourg fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Luxembourg fiscal balance projections.
Want to get access to the full dataset of Luxembourg fiscal balance forecasts? Send an email to info@focus-economics.com.