Luxembourg - Public Pension Spending
Since 2014, Luxembourg Public Pension Spending was up 0.6points year on year. In 2019, the country was number 14 among other countries in Public Pension Spending with 8.55 Percent of GDP. Luxembourg is overtaken by Denmark, which was number 13 at 8.56 Percent of GDP and is followed by Czech Republic at 8.53 Percent of GDP. Greece lead the ranking with 18.32 Percent of GDP in 2019, an increase of 2points versus 2018. Italy, Portugal and France respectively ranked number 2, 3 and 4 in this ranking. South Korea witnessed the best average annual growth at +3.9points per year, while Ireland witnessed the worst performance at -3.6points per year.
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| Date | Percent of GDP |
|---|---|
| 2019 | 8.55 |
| 2018 | 8.51 |
| 2017 | 8.47 |
| 2016 | 8.42 |
| 2015 | 8.36 |
Download all data from 1980 to 2019
How does Luxembourg rank in Public Pension Spending?
| # | 35 Countries | Percent of GDP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Greece
|
18.32 % | 2019 | +1.9 % | +2.2 % | View data | |
| 2 |
#2
Italy
|
16.91 % | 2019 | +0.9 % | +0.8 % | View data | |
| 13 |
#13
Denmark
|
8.56 % | 2019 | +1.3 % | +1.4 % | View data | |
| 14 |
#14
Luxembourg
|
8.55 % | 2019 | +0.5 % | +0.6 % | View data | |
| 15 |
#15
Czech Republic
|
8.53 % | 2019 | +0.8 % | +0.3 % | View data | |