Net domestic credit (current LCU), annual growth rate in Luxembourg
Luxembourg: Net domestic credit (current LCU), annual growth rate was -6.24 % change on previous year in 2023. ◆ Volatile
Net domestic credit (current LCU), annual growth rate in Luxembourg, 2002–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, net domestic credit (current lcu), annual growth rate in Luxembourg stood at -6.24 % change on previous year.
The figure is down 142.7% on the previous year and down 104.3% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Luxembourg peaked at 43.3 % change on previous year in 2005 and was at its lowest, -14.6 % change on previous year, in 2002.
That places Luxembourg 180th out of 186 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2002 | -14.6 % change on previous year | — |
| 2003 | 3.82 % change on previous year | -126.2% |
| 2004 | 10.54 % change on previous year | +175.6% |
| 2005 | 43.3 % change on previous year | +310.9% |
| 2006 | 33.25 % change on previous year | -23.2% |
| 2007 | 33.35 % change on previous year | +0.3% |
| 2008 | 5.57 % change on previous year | -83.3% |
| 2009 | -1.95 % change on previous year | -135.0% |
| 2010 | 25.16 % change on previous year | -1392.7% |
| 2011 | 1.96 % change on previous year | -92.2% |
| 2012 | -0.3246 % change on previous year | -116.6% |
| 2013 | -3.05 % change on previous year | +840.8% |
| 2014 | 10.13 % change on previous year | -431.8% |
| 2015 | 3.45 % change on previous year | -66.0% |
| 2016 | 4.6 % change on previous year | +33.6% |
| 2017 | 2.85 % change on previous year | -38.0% |
| 2018 | 4.44 % change on previous year | +55.5% |
| 2019 | 6.77 % change on previous year | +52.5% |
| 2020 | 0.9246 % change on previous year | -86.3% |
| 2021 | 7.17 % change on previous year | +675.8% |
| 2022 | 14.62 % change on previous year | +103.9% |
| 2023 | -6.24 % change on previous year | -142.7% |
Luxembourg compared with similar countries
- Luxembourg's -6.24 % change on previous year is below the median for high income countries, which is 3.69 % change on previous year. (61 countries reporting)
- Luxembourg's -6.24 % change on previous year is below the median for Europe & Central Asia, which is 4.54 % change on previous year. (48 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU), annual growth rate in Luxembourg changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1392.7% | -1.95 % change on previous year | 25.16 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.16 % change on previous year | -14.6 % change on previous year | 43.3 % change on previous year | 8 |
| 2010s | 5.6 % change on previous year | -3.05 % change on previous year | 25.16 % change on previous year | 10 |
| 2020s | 4.12 % change on previous year | -6.24 % change on previous year | 14.62 % change on previous year | 4 |
Countries ranked near Luxembourg
- 177 Ukraine -5.37 % change on previous year compare
- 178 Netherlands -5.38 % change on previous year compare
- 179 Tonga -5.83 % change on previous year compare
- 181 Denmark -8.17 % change on previous year compare
- 182 Afghanistan -8.19 % change on previous year compare
- 183 Sao Tome and Principe -9.07 % change on previous year compare
More financial sector data for Luxembourg
- Reserve position in the IMF, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 683.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 499.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 683.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.09 % change on previous year (2025)
Frequently asked questions
- What is net domestic credit (current lcu), annual growth rate in Luxembourg?
- Net domestic credit (current lcu), annual growth rate in Luxembourg was -6.24 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Luxembourg?
- The highest recorded value was 43.3 % change on previous year in 2005.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Luxembourg?
- The lowest recorded value was -14.6 % change on previous year in 2002.
- How does Luxembourg rank for net domestic credit (current lcu), annual growth rate?
- Luxembourg ranks 180th out of 186 countries with data for 2023.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Luxembourg?
- Over the last ten years it is down 104.3%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.