Luxembourg - Public Pension Spending
Since 2014, Luxembourg Public Pension Spending grew 0.5points year on year. In 2019, the country was ranked number 13 among other countries in Public Pension Spending at 8.55 Percent of GDP. Luxembourg is overtaken by Japan, which was number 12 at 9.53 Percent of GDP and is followed by Hungary with 8.24 Percent of GDP. Greece ranked the highest with 16.37 Percent of GDP in 2019, an increase of 1.2points versus 2018. Italy, France and Portugal respectively ranked number 2, 3 and 4 in this ranking. Mexico witnessed the best average annual growth at +7points per year, while Ireland recorded the worst performance at -4.3points per year.
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| Date | Percent of GDP |
|---|---|
| 2019 | 8.55 |
| 2018 | 8.51 |
| 2017 | 8.52 |
| 2016 | 8.24 |
| 2015 | 8.37 |
Download all data from 1980 to 2019
How does Luxembourg rank in Public Pension Spending?
| # | 38 Countries | Percent of GDP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Greece
|
16.36 % | 2019 | +1.2 % | -0.1 % | View data | |
| 2 |
#2
Italy
|
15.94 % | 2019 | +0.5 % | -0.3 % | View data | |
| 12 |
#12
Japan
|
9.53 % | 2019 | +0.7 % | +0.1 % | View data | |
| 13 |
#13
Luxembourg
|
8.55 % | 2019 | +0.5 % | +0.5 % | View data | |
| 14 |
#14
Hungary
|
8.24 % | 2019 | +0.7 % | -2.9 % | View data | |