Luxembourg's tax revenue (current LCU) was 24.68 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 92.57% from 12.82 billion in 2014 (6.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 24.68 billion | 2024 |
| Five years earlier | 16.78 billion | 2019 |
| Ten years earlier | 12.82 billion | 2014 |
| Highest | 24.68 billion | 2024 |
| Lowest | 345.79 million | 1972 |
| Average since 2015 | 17.62 billion | 2015–2024 |
| First recorded | 345.79 million |
What the numbers say
In 2024, Luxembourg's tax revenue (current LCU) rose 11.4% on 2023 (from 22.16 billion to 24.68 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.7% and a typical year strayed about 4.6% from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 25.4% in 1973 and the biggest yearly fall was 1.5% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.27 billion a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Luxembourg had the 71st highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Luxembourg in the 2024 ranking
- Moldova — 67th of 91: 60.87 billion
- Belarus — 68th of 91: 33.27 billion
- Slovak Republic — 69th of 91: 24.92 billion
- Georgia — 71st of 91: 22.57 billion
- Azerbaijan — 72nd of 91: 21.89 billion
- Bulgaria — 73rd of 91: 21.66 billion
What this measures
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: 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).
All 53 values
| Year | Tax revenue (current LCU) |
|---|---|
| 2024 | 24,679,365,000 |
| 2023 | 22,158,036,000 |
| 2022 | 20,494,174,000 |
| 2021 | 19,076,011,000 |
| 2020 | 16,567,548,000 |
| 2019 | 16,782,455,000 |
| 2018 | 16,183,259,000 |
| 2017 | 14,261,908,000 |
| 2016 | 13,359,258,000 |
| 2015 | 12,626,992,000 |
| 2014 |
Tax revenue (current LCU) in nearby economies
- Albania — 453.59 billion (2024)
- Armenia — 2.28 trillion (2024)
- Austria — 127.38 billion (2024)
- Azerbaijan — 21.89 billion (2024)
- Belarus — 33.27 billion (2024)
- Belgium — 142.33 billion (2024)
- Bosnia and Herzegovina — 10.87 billion (2024)
- Bulgaria — 21.66 billion (2024)
- Croatia — 16.77 billion (2023)
- Cyprus — 8.32 billion (2024)
- Czechia — 1.5 trillion (2024)
- Denmark
More public sector data for Luxembourg
- Military expenditure (current USD) — 855.41 million (2025)
- Military expenditure (current LCU) — 758.29 million (2025)
- Military expenditure (% of GDP) — 0.85% (2025)
- Net investment in nonfinancial assets (current LCU) — 2.5 billion (2024)
- Net investment in nonfinancial assets (% of GDP) — 2.9% (2024)
- Net lending (+) / net borrowing (-) (current LCU) — 702.4 million (2024)
- Net lending (+) / net borrowing (-) (% of GDP) — 0.82% (2024)
- Social contributions (current LCU) — 10.42 billion (2024)
- Social contributions (% of revenue) — 27.12% (2024)
- Revenue, excluding grants (current LCU)
Reading data like this
Questions people ask
- What is Luxembourg's tax revenue (current LCU)?
- 24.68 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is up 7,037% from 345.79 million in 1972 (8.55% a year on average, compounded). The highest value was 24.68 billion in 2024 and the lowest 345.79 million in 1972.
- How does Luxembourg rank?
- 71st highest of 91 economies with data for 2024.
- Is the latest change in tax revenue (current LCU) unusual for Luxembourg?
- In 2024, Luxembourg's tax revenue (current LCU) rose 11.4% on 2023 (from 22.16 billion to 24.68 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +6.7% and a typical year strayed about 4.6% from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator GC.TAX.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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