Luxembourg - Social contributions (% of revenue)

Social contributions (% of revenue) in Luxembourg was 29.16 as of 2019. Its highest value over the past 47 years was 30.52 in 2009, while its lowest value was 22.94 in 1984.

Definition: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 27.40
1973 26.59
1974 26.77
1975 28.99
1976 30.37
1977 29.18
1978 27.48
1979 28.01
1980 25.97
1981 25.88
1982 24.69
1983 23.79
1984 22.94
1985 23.81
1986 24.26
1987 25.42
1988 24.84
1989 24.74
1990 24.71
1991 24.75
1992 26.60
1993 26.68
1994 25.82
1995 28.36
1996 28.14
1997 27.40
1998 27.40
1999 27.81
2000 27.04
2001 28.53
2002 28.98
2003 29.74
2004 29.76
2005 29.07
2006 28.60
2007 28.13
2008 28.72
2009 30.52
2010 29.70
2011 29.90
2012 29.84
2013 29.44
2014 28.92
2015 29.38
2016 29.23
2017 29.91
2018 28.73
2019 29.16

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance