Luxembourg - Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in Luxembourg was 27.11 as of 2019. Its highest value over the past 47 years was 32.61 in 2004, while its lowest value was 18.70 in 1978.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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

See also:

Year Value
1972 23.38
1973 22.87
1974 19.60
1975 21.52
1976 20.33
1977 19.00
1978 18.70
1979 19.20
1980 20.63
1981 21.20
1982 22.17
1983 24.29
1984 25.51
1985 22.69
1986 25.44
1987 26.38
1988 27.21
1989 26.28
1990 24.67
1991 25.35
1992 27.17
1993 27.71
1994 27.40
1995 27.61
1996 27.72
1997 28.73
1998 29.61
1999 31.27
2000 32.27
2001 30.72
2002 30.00
2003 30.15
2004 32.61
2005 32.34
2006 31.69
2007 32.47
2008 30.26
2009 29.49
2010 29.76
2011 30.20
2012 30.46
2013 30.46
2014 31.58
2015 26.59
2016 26.98
2017 27.54
2018 27.05
2019 27.11

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