Subsidies and other transfers in Luxembourg
Luxembourg: Subsidies and other transfers was 21.71 billion current LCU in 2024. ◆ Volatile
Subsidies and other transfers 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 subsidies and other transfers in Luxembourg is 21.71 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 5.1% on the previous year and up 117.1% over ten years.
Over the whole period, subsidies and other transfers in Luxembourg peaked at 21.71 billion current LCU in 2024 and was at its lowest, 16.48 million current LCU, in 1972.
Luxembourg ranks 102nd of 153 countries on this measure, 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 | 21.02 million current LCU | 16.48 million current LCU | 28.88 million current LCU | 8 |
| 1980s | 29.79 million current LCU | 18.20 million current LCU | 39.86 million current LCU | 10 |
| 1990s | 3.00 billion current LCU | 2.23 billion current LCU | 3.57 billion current LCU | 10 |
| 2000s | 5.56 billion current LCU | 3.76 billion current LCU | 7.68 billion current LCU | 10 |
| 2010s | 9.99 billion current LCU | 8.03 billion current LCU | 12.10 billion current LCU | 10 |
| 2020s | 18.36 billion current LCU | 14.03 billion current LCU | 21.71 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 subsidies and other transfers in Luxembourg?
- Subsidies and other transfers in Luxembourg was 21.71 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Luxembourg?
- The highest recorded value was 21.71 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Luxembourg?
- The lowest recorded value was 16.48 million current LCU in 1972.
- How does Luxembourg rank for subsidies and other transfers?
- Luxembourg ranks 102nd out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Luxembourg?
- Over the last ten years it is up 117.1%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.