Taxes on goods and services in Luxembourg
Luxembourg: Taxes on goods and services was 9.72 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Luxembourg, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Luxembourg recorded 9.72 billion current LCU for taxes on goods and services in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 7.8% on the previous year and up 49.6% over ten years.
Over the whole period, taxes on goods and services in Luxembourg peaked at 9.72 billion current LCU in 2024 and was at its lowest, 131.09 million current LCU, in 1972.
That places Luxembourg 117th out of 157 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 | 207.51 million current LCU | 131.09 million current LCU | 276.77 million current LCU | 8 |
| 1980s | 604.82 million current LCU | 339.19 million current LCU | 891.95 million current LCU | 10 |
| 1990s | 1.65 billion current LCU | 913.31 million current LCU | 2.59 billion current LCU | 10 |
| 2000s | 3.82 billion current LCU | 3.00 billion current LCU | 4.79 billion current LCU | 10 |
| 2010s | 6.07 billion current LCU | 4.93 billion current LCU | 7.27 billion current LCU | 10 |
| 2020s | 8.70 billion current LCU | 7.25 billion current LCU | 9.72 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 taxes on goods and services in Luxembourg?
- Taxes on goods and services in Luxembourg was 9.72 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Luxembourg?
- The highest recorded value was 9.72 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Luxembourg?
- The lowest recorded value was 131.09 million current LCU in 1972.
- How does Luxembourg rank for taxes on goods and services?
- Luxembourg ranks 117th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Luxembourg?
- Over the last ten years it is up 49.6%. 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 Taxes on goods and services (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
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.