Government Consumption in Luxembourg
In the decade leading up to 2022, Luxembourg recorded an average growth rate of 3.5% in government consumption, which is above the Euro Area's average of 1.5%. In 2022, Luxembourg's government consumption growth was 2.6%.
Luxembourg Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Luxembourg from 2023 to 2020.
Source: Macrobond.
Luxembourg Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 2.8 | 7.3 | 5.1 | 2.6 | 2.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Luxembourg government consumption projections for the next ten years from a panel of 6 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 government consumption forecast available for Luxembourg government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Luxembourg government consumption projections.
Want to get access to the full dataset of Luxembourg government consumption forecasts? Send an email to info@focus-economics.com.