Luxembourg: Tax revenue

* indicates monthly or quarterly data series
 Luxembourg

Tax revenue, percent of GDP

 Latest value 26.11
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 23.64
 Min - Max 16.66 - 26.64
 Source The World Bank
For that indicator, we provide data for Luxembourg from 1972 to 2021. The average value for Luxembourg during that period was 23.64 percent with a minimum of 16.66 percent in 1972 and a maximum of 26.64 percent in 2018. The latest value from 2021 is 26.11 percent. For comparison, the world average in 2021 based on 105 countries is 17.48 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Luxembourg - Tax revenue - Recent values chart

Historical chart
Luxembourg - Tax revenue - historical chart - 1972-2021




Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.64 2022 percent
 Government spending, in dollars 14.40 2022 billion U.S. dollars
 Fiscal balance, percent of GDP 0.20 2022 percent
 Government debt 25.67 2023 percent
 Government expenditure 3.54 Q3/2023 billion
 Long-term government bond yield 3.16 9/2023 percent
 Tax revenue 26.11 2021 percent
 Commercial tax rate 20.40 2019 percent
 Tax preparation time 55 2019 hours
 Number of taxes 23 2019 taxes
 Taxes on goods and services 28.14 2021 percent
 Taxes on international trade 0.00 1994 percent
 Income and profits taxes 32.30 2021 percent
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