Luxembourg Tax Revenue: % of GDP

1995 - 2023 | Yearly | % | CEIC Data

Key information about Luxembourg Tax revenue: % of GDP

  • Luxembourg Tax revenue: % of GDP was reported at 29.1 % in Dec 2023.
  • This records an increase from the previous number of 27.2 % for Dec 2022.
  • Luxembourg Tax revenue: % of GDP data is updated yearly, averaging 26.7 % from Dec 1995 to 2023, with 29 observations.
  • The data reached an all-time high of 29.1 % in 2023 and a record low of 24.4 % in 2015.
  • Luxembourg Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from annual Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Taxes on Production and Imports and Current Taxes on Income, Wealth and Others. The Statistics Portal of Luxembourg provides Tax Revenue in EUR and Nominal GDP in EUR.

View Luxembourg's Tax Revenue: % of GDP from 1995 to 2023 in the chart:

Luxembourg Tax Revenue: % of GDP

What was Luxembourg's Tax Revenue: % of GDP in 2023?

Luxembourg Tax revenue: % of GDP was reported at 29.1 % in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
29.1 2023 27.2 2022 24.4 2015 29.1 2023 % yearly 1995 - 2023

Tax Revenue: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 19.5 2023 yearly 2008 - 2023
Algeria (%) 4.8 2023 yearly 1997 - 2023
Argentina (%) 15.2 Mar 2024 quarterly Mar 2004 - Mar 2024
Armenia (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Australia (%) 33.5 Jun 2024 quarterly Sep 2002 - Jun 2024
Austria (%) 31.3 Dec 2023 quarterly Mar 2001 - Dec 2023
Azerbaijan (%) 17.9 2023 yearly 1993 - 2023
Bahrain (%) 5.0 2022 yearly 1990 - 2022
Bangladesh (%) 7.8 2023 yearly 2006 - 2023
Belarus (%) 21.7 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.8 2023 yearly 1980 - 2023
Bolivia (%) 17.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 21.6 2023 yearly 2005 - 2023
Botswana (%) 34.0 Jun 2023 quarterly Jun 2007 - Jun 2023
Brazil (%) 16.8 Jun 2024 quarterly Sep 1994 - Jun 2024
Brunei (%) 1.8 2023 yearly 2010 - 2023
Bulgaria (%) 31.8 Jun 2024 quarterly Mar 2003 - Jun 2024
Cambodia (%) 13.5 2022 yearly 2009 - 2022
Canada (%) 13.2 Jun 2024 quarterly Mar 1996 - Jun 2024
Chile (%) 19.4 2023 yearly 1990 - 2023
China (%) 14.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Colombia (%) 16.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Croatia (%) 26.1 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 26.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Czech Republic (%) 18.4 Mar 2024 quarterly Mar 1995 - Mar 2024
Denmark (%) 46.1 Mar 2024 quarterly Mar 1999 - Mar 2024
Ecuador (%) 12.9 Mar 2024 quarterly Mar 2000 - Mar 2024
Egypt (%) 5.5 2023 yearly 2005 - 2023
Estonia (%) 21.4 Mar 2024 quarterly Mar 1999 - Mar 2024
European Union (%) 26.0 2023 yearly 1995 - 2023
Finland (%) 32.7 Mar 2024 quarterly Mar 1999 - Mar 2024
France (%) 17.4 Jun 2024 quarterly Mar 2006 - Jun 2024
Georgia (%) 30.5 Mar 2024 quarterly Mar 2006 - Mar 2024
Germany (%) 23.3 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 13.9 Jun 2022 quarterly Mar 2008 - Jun 2022
Greece (%) 22.4 Mar 2024 quarterly Mar 1999 - Mar 2024
Hong Kong SAR, China (%) 6.7 Jun 2024 quarterly Sep 1979 - Jun 2024
Hungary (%) 26.8 Mar 2024 quarterly Mar 1999 - Mar 2024
Iceland (%) 34.2 Mar 2024 quarterly Mar 2002 - Mar 2024
India (%) 7.1 Jun 2024 quarterly Jun 1997 - Jun 2024
Indonesia (%) 10.2 Jun 2024 quarterly Mar 2014 - Jun 2024
Iran (%) 4.9 2021 yearly 1996 - 2021
Ireland (%) 17.0 Mar 2024 quarterly Mar 2000 - Mar 2024
Israel (%) 22.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Italy (%) 24.6 Mar 2024 quarterly Mar 1999 - Mar 2024
Ivory Coast (%) 13.1 2023 yearly 1960 - 2023
Japan (%) 11.0 Mar 2024 quarterly Jun 1983 - Mar 2024
Jordan (%) 15.2 2018 yearly 1999 - 2018
Kazakhstan (%) 15.3 Dec 2023 quarterly Mar 2008 - Dec 2023
Kenya (%) 7.1 2022 yearly 2006 - 2022
South Korea (%) 13.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Kosovo (%) 24.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (%) 1.1 2023 yearly 1986 - 2023
Kyrgyzstan (%) 30.8 Mar 2024 quarterly Mar 2007 - Mar 2024
Laos (%) 13.0 2023 yearly 2012 - 2023
Latvia (%) 21.4 Mar 2024 quarterly Mar 1999 - Mar 2024
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 22.7 Mar 2024 quarterly Mar 1999 - Mar 2024
Luxembourg (%) 29.1 2023 yearly 1995 - 2023
Macau SAR, China (%) 22.2 2023 yearly 2002 - 2023
North Macedonia (%) 20.2 Jun 2024 quarterly Mar 2004 - Jun 2024
Malawi (%) 12.8 2022 yearly 2009 - 2022
Malaysia (%) 11.3 Mar 2024 quarterly Mar 1991 - Mar 2024
Malta (%) 22.4 Mar 2024 quarterly Mar 2000 - Mar 2024
Mauritius (%) 21.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Mexico (%) 15.1 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) 21.1 2023 yearly 2004 - 2023
Mongolia (%) 25.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (%) 31.6 Mar 2024 quarterly Mar 2012 - Mar 2024
Morocco (%) 22.5 Jun 2022 quarterly Mar 2007 - Jun 2022
Mozambique (%) 18.2 2016 yearly 1996 - 2016
Myanmar (%) 4.4 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 27.0 Mar 2024 quarterly Mar 1999 - Mar 2024
New Zealand (%) 30.8 2023 yearly 1999 - 2023
Norway (%) 31.1 Mar 2024 quarterly Mar 2002 - Mar 2024
Oman (%) 4.5 2023 yearly 1996 - 2023
Pakistan (%) 5.8 2023 yearly 2000 - 2023
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 6.9 Mar 2024 quarterly Mar 2007 - Mar 2024
Paraguay (%) 9.4 Mar 2024 quarterly Mar 1998 - Mar 2024
Peru (%) 15.2 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) 15.6 Jun 2024 quarterly Mar 1985 - Jun 2024
Poland (%) 16.9 Jun 2024 quarterly Mar 2007 - Jun 2024
Portugal (%) 25.2 Dec 2023 quarterly Mar 1999 - Dec 2023
Russia (%) 23.2 Mar 2024 quarterly Mar 1996 - Mar 2024
Serbia (%) 39.9 Mar 2024 quarterly Mar 2005 - Mar 2024
Singapore (%) 16.7 Jun 2024 quarterly Dec 1987 - Jun 2024
Slovakia (%) 14.0 Jun 2024 quarterly Mar 2005 - Jun 2024
Slovenia (%) 20.2 Mar 2024 quarterly Mar 2000 - Mar 2024
South Africa (%) 21.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Spain (%) 24.6 2022 yearly 1995 - 2022
Sri Lanka (%) 10.5 Mar 2024 quarterly Mar 2014 - Mar 2024
Sudan (%) 5.6 2021 yearly 2001 - 2021
Sweden (%) 21.2 2023 yearly 1995 - 2023
Switzerland (%) 26.7 2022 yearly 1990 - 2022
Taiwan (%) 25.2 Jun 2024 quarterly Mar 1975 - Jun 2024
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.2 2023 yearly 1990 - 2023
Tunisia (%) 25.2 2023 yearly 1991 - 2023

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.3 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 24,967.814 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.1 2023 yearly 1995 - 2023
National Government Debt (USD mn) 22,520.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Government Debt: % of GDP (%) 27.2 Mar 2024 quarterly Dec 1997 - Mar 2024
Forecast: Government Expenditure (EUR bn) 51.850 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.310 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.255 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 20,358.500 Dec 2023 quarterly Dec 1995 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2028 yearly 1987 - 2028
Trade Balance (USD mn) -703.8 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports (USD mn) 1,281.1 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports Growth (%) -6.4 Jun 2024 monthly Jan 1989 - Jun 2024
Aluminum: Exports (USD th) 414,103.410 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,984.9 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 37.960 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports from USA (USD mn) 60.990 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports to China (USD mn) 26.571 May 2024 monthly Jan 1997 - May 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -653.919 Jun 2024 monthly Jan 1988 - Jun 2024
Imports (EUR mn) 1,890.026 Jun 2024 monthly Jan 1988 - Jun 2024
Exports (EUR mn) 1,277.190 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: sa (EUR mn) 1,844.199 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: sa (EUR mn) 1,190.280 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports: MoM: sa (%) -4.051 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports: YoY (%) -6.001 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports: MoM: sa (%) -5.892 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports: YoY (%) -5.421 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Chemicals and Related Products (EUR mn) 158.048 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Base Metal Products (EUR mn) 248.467 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Machinery and Equipment (EUR mn) 239.658 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Transport Equipment (EUR mn) 142.053 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Other Manufactured Goods (EUR mn) 185.818 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 194.092 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: America: ow United States of America (EUR mn) 35.269 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union (EUR mn) 1,034.938 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Asia: ow Japan (EUR mn) 2.785 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 318.690 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 170.228 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Food Products and Live Animals (EUR mn) 182.890 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Machinery and Equipment (EUR mn) 283.991 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Mineral Fuels and Lubricants (EUR mn) 190.964 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Transport Equipment (EUR mn) 300.330 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Chemicals and Related Products (EUR mn) 247.899 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union (EUR mn) 1,746.606 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 654.283 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 523.429 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 224.254 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Asia: ow Japan (EUR mn) 20.108 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: America: ow United States of America (EUR mn) 56.667 Jun 2024 monthly Jan 1988 - Jun 2024
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 56,249.4 Mar 2024 quarterly Mar 2002 - Mar 2024
Current Account Balance (USD mn) 1,863.5 Mar 2024 quarterly Mar 1995 - Mar 2024
Current Account Balance: % of GDP (%) 8.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Foreign Direct Investment (USD mn) 46,538.2 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Direct Investment: % of GDP (%) 216.8 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Portfolio Investment (USD mn) 7,695.635 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 35.8 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -15,427.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -10,542.166 Dec 2023 quarterly Mar 2002 - Dec 2023
External Debt (USD mn) 3,789,624.5 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,001,506.6 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,210.0 Mar 2024 quarterly Dec 1995 - Mar 2024
Forecast: Current Account Balance (USD bn) 4.708 2028 yearly 1995 - 2028
Net International Investment Position (USD mn) 28,027.363 Mar 2024 quarterly Dec 2002 - Mar 2024
BoP: FA: PI: DS: Liabilities (EUR mn) -2,562.369 Mar 2024 quarterly Mar 2002 - Mar 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) 31,206.668 Mar 2024 quarterly Mar 2002 - Mar 2024
International Investment Position (IIP): Net (EUR mn) 26,825.847 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Assets (EUR mn) 11,667,605.247 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Liabilities (EUR mn) 11,640,779.399 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Long Term (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt (EUR mn) 3,511,838.111 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Mar 2024 quarterly Dec 2002 - Mar 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 68.3 Mar 2024 quarterly Dec 1995 - Mar 2024
Money Supply M1 (USD mn) 315,923.369 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply M2 (USD mn) 418,417.179 Jul 2024 monthly Jan 1999 - Jul 2024
M2 Growth (%) 2.9 Jul 2024 monthly Jan 2000 - Jul 2024
Reserve Requirement Ratio (%) 1.0 Jul 2024 monthly Jan 1999 - Jul 2024
Foreign Exchange Reserves (USD mn) 195.7 Aug 2024 monthly Jan 1999 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 0.237 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 0.1 Jun 2024 monthly Jan 1999 - Jun 2024
Gold Reserves (USD mn) 181.685 Aug 2024 monthly Jan 1999 - Aug 2024
Total Deposits (USD mn) 826,670.699 Jun 2024 quarterly Mar 2003 - Jun 2024
Total Deposits Growth (%) 1.1 Jun 2024 quarterly Mar 2004 - Jun 2024
Domestic Credit (USD mn) 150,383.5 Jun 2024 monthly Jan 1999 - Jun 2024
Domestic Credit Growth (%) -0.4 Jun 2024 monthly Jan 2000 - Jun 2024
Credit to Households (USD bn) 60.665 Dec 2023 quarterly Mar 1995 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 337.657 Dec 2023 quarterly Mar 1995 - Dec 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 741,405.802 Jul 2024 monthly Jan 2001 - Jul 2024
Total Loans Growth (%) -1.24 Jul 2024 monthly Jan 2002 - Jul 2024
Private Debt: % of Nominal GDP (%) 89.97 Jun 2024 quarterly Mar 1999 - Jun 2024
Money Supply: M3 (EUR bn) 511.600 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply: M3: M2 (EUR bn) 386.600 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply: M3: M2: M1 (EUR bn) 291.900 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets: Foreign Exchange (EUR mn) 176.957 Aug 2024 monthly Jan 1999 - Aug 2024
Official Reserve Assets (EUR mn) 2,720.790 Aug 2024 monthly Jan 1999 - Aug 2024
Bank Deposits: Domestic (EUR mn) 312,681.500 Jul 2024 monthly Jan 2003 - Jul 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 155,169.989 Jul 2024 monthly Jan 1999 - Jul 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -4.0 Aug 2024 monthly Jan 1986 - Aug 2024

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