Luxembourg - Revenue, excluding grants (% of GDP)

Revenue, excluding grants (% of GDP) in Luxembourg was 42.12 as of 2019. Its highest value over the past 47 years was 42.12 in 2019, while its lowest value was 26.75 in 1972.

Definition: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 26.75
1973 26.91
1974 27.56
1975 33.37
1976 33.78
1977 37.12
1978 37.72
1979 35.88
1980 37.63
1981 38.36
1982 37.68
1983 38.97
1984 37.64
1985 38.48
1986 36.63
1987 36.60
1988 34.84
1989 34.26
1990 34.75
1991 34.90
1992 36.93
1993 36.58
1994 36.77
1995 41.27
1996 40.82
1997 40.87
1998 41.54
1999 40.34
2000 40.62
2001 40.83
2002 40.63
2003 40.46
2004 39.62
2005 40.69
2006 38.85
2007 39.21
2008 38.74
2009 39.81
2010 39.04
2011 39.41
2012 39.81
2013 39.81
2014 39.72
2015 39.29
2016 39.42
2017 39.74
2018 42.06
2019 42.12

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: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance