Total Credit to General Government, Adjusted for Breaks, for Luxembourg
QLUGAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.30
Year-over-Year Change
2.43%
Date Range
10/1/1998 - 10/1/2024
Summary
This economic indicator measures the total credit extended to the general government sector in Luxembourg, adjusted for statistical breaks. It provides insight into the government's financing needs and fiscal policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The total credit to general government trend represents the total amount of debt and other financing obligations owed by the Luxembourg government. It is a key indicator of the government's fiscal position and funding requirements, which is important for economic analysis and policymaking.
Methodology
The data is collected and reported by the Bank for International Settlements.
Historical Context
This indicator is widely used by economists, analysts, and policymakers to assess Luxembourg's public finances and debt sustainability.
Key Facts
- Luxembourg's total credit to general government was €23.4 billion in 2021.
- The government debt-to-GDP ratio in Luxembourg was 24.4% in 2021.
- Luxembourg has maintained a relatively low level of public debt compared to other European countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total amount of credit and other financing obligations owed by the Luxembourg government, adjusted for statistical breaks.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Luxembourg's fiscal position and public debt sustainability, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank for International Settlements.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, analysts, and policymakers to assess Luxembourg's public finances and debt sustainability, which informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the indicator may be subject to revisions due to changes in methodology or statistical adjustments.
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Citation
U.S. Federal Reserve, Total Credit to General Government, Adjusted for Breaks, for Luxembourg (QLUGAM770A), retrieved from FRED.