Luxembourg's net domestic credit (current LCU) was 139.06 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 58.87% from 87.53 billion in 2013 (4.74% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 139.06 billion | 2023 |
| Five years earlier | 112.04 billion | 2018 |
| Ten years earlier | 87.53 billion | 2013 |
| Highest | 148.31 billion | 2022 |
| Lowest | 23.47 billion | 2002 |
| Average since 2014 | 117.69 billion | 2014–2023 |
| First recorded | 27.48 billion |
What the numbers say
In 2023, Luxembourg's net domestic credit (current LCU) fell 6.2% on 2022 (from 148.31 billion to 139.06 billion).
Across the 21 yearly changes before that (2002 to 2022), the average change was +9.1% and a typical year strayed about 13.8% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 43.3% in 2005 and the biggest yearly fall was 14.6% in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 5.44 billion a year. A straight line explains 92% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 156.59 billion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 12.63 billion, against 18.19 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2023, Luxembourg had the 7th highest value of the 13 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Luxembourg in the 2023 ranking
- Italy — 4th of 13: 3.04 trillion
- Netherlands — 5th of 13: 1.65 trillion
- Ireland — 6th of 13: 300.76 billion
- Malta — 8th of 13: 17.88 billion
- Tajikistan — 9th of 13: 14.32 billion
- Barbados — 10th of 13: 12.13 billion
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 23 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2023 | 139,057,000,000 |
| 2022 | 148,311,000,000 |
| 2021 | 129,391,000,000 |
| 2020 | 120,731,000,000 |
| 2019 | 119,625,000,000 |
| 2018 | 112,044,000,000 |
| 2017 | 107,283,000,000 |
| 2016 | 104,307,000,000 |
| 2015 | 99,717,000,000 |
| 2014 | 96,395,000,000 |
Net domestic credit (current LCU) in nearby economies
- Albania — 1.46 trillion (2025)
- Armenia — 9.58 trillion (2025)
- Austria — 587.58 billion (2024)
- Azerbaijan — 36.87 billion (2025)
- Belarus — 60.23 billion (2021)
- Belgium — 762.57 billion (2024)
- Bosnia and Herzegovina — 29.62 billion (2025)
- Bulgaria — 58.79 billion (2024)
- Croatia — 49.55 billion (2024)
- Cyprus — 24.91 billion (2024)
- Czechia
More financial sector data for Luxembourg
- Consumer price index (2010 = 100) — 136.95 (2025)
- Inflation, consumer prices (annual % growth) — 2.26% (2025)
- GDP deflator (base year varies by country) — 129.81 (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
- Inflation, GDP deflator (annual % growth) — 3.22% (2025)
- Market capitalization of listed domestic companies (current US$) — US$69.41 billion (2025)
- Market capitalization of listed domestic companies (% of GDP) — 68.61% (2025)
- Listed domestic companies, total
Reading data like this
Questions people ask
- What is Luxembourg's net domestic credit (current LCU)?
- 139.06 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 406.05% from 27.48 billion in 2001 (7.65% a year on average, compounded). The highest value was 148.31 billion in 2022 and the lowest 23.47 billion in 2002.
- How does Luxembourg rank?
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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