Social contributions in Luxembourg
Luxembourg: Social contributions was 10.42 billion current LCU in 2024. ◆ Volatile
Social contributions in Luxembourg, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in Luxembourg is 10.42 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 75.2% over ten years.
Over the whole period, social contributions in Luxembourg peaked at 10.42 billion current LCU in 2024 and was at its lowest, 153.59 million current LCU, in 1972.
That places Luxembourg 68th out of 112 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 291.05 million current LCU | 153.59 million current LCU | 403.77 million current LCU | 8 |
| 1980s | 604.31 million current LCU | 427.02 million current LCU | 839.64 million current LCU | 10 |
| 1990s | 1.58 billion current LCU | 914.83 million current LCU | 2.31 billion current LCU | 10 |
| 2000s | 3.55 billion current LCU | 2.53 billion current LCU | 4.74 billion current LCU | 10 |
| 2010s | 6.20 billion current LCU | 4.92 billion current LCU | 7.71 billion current LCU | 10 |
| 2020s | 9.32 billion current LCU | 8.10 billion current LCU | 10.42 billion current LCU | 5 |
Countries ranked near Luxembourg
More public sector data for Luxembourg
- Arms imports 3.00 million SIPRI trend indicator values (2024)
- Tax revenue 28.6% (2024)
- Taxes on income, profits and capital gains 35.6% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 2.9% (2024)
- Net lending (+) / net borrowing (-) 0.8% (2024)
- Interest payments 0.6% (2024)
- Grants and other revenue 8.4% (1994)
- Interest payments 0.6% (2023)
- Other taxes 3.4% (2024)
Frequently asked questions
- What is social contributions in Luxembourg?
- Social contributions in Luxembourg was 10.42 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Luxembourg?
- The highest recorded value was 10.42 billion current LCU in 2024.
- What is the lowest social contributions recorded in Luxembourg?
- The lowest recorded value was 153.59 million current LCU in 1972.
- How does Luxembourg rank for social contributions?
- Luxembourg ranks 68th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Luxembourg?
- Over the last ten years it is up 75.2%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.