Public debt ratio in Luxembourg
The national debt ratio of Luxembourg indicates the relationship between Luxembourg national debt on the one hand and Luxembourg nominal gross domestic product on the other.
Development in recent years
Luxembourg's national debt ratio rose between 2008 and 2013 due to the financial crisis . While the national debt of 5.4 billion euros at the end of 2008 corresponded to a national debt ratio of 14.4%, the national debt ratio at the end of 2013, given a debt level of then 10.5 billion euros, reached a value of 23.1%.
Forecast development
The International Monetary Fund assumes that Luxembourg's national debt ratio will rise to 35.2% by the end of 2019, with a debt level of EUR 20.3 billion. This would mean that Luxembourg would continue to meet the Maastricht criterion of no more than 60%.
Graphical representation
See also
- List of countries by national debt ratio
- List of European countries by national debt ratio
- Government debt ratio
Individual evidence
- ↑ International Monetary Fund: World Economic Outlook Database, October 2014, General government gross debt (National currency, Percent of GDP)