Luxembourg vs Macao: Tax revenue (% of GDP)
Luxembourg
28.6%
in 2024
Macao
27.4%
in 2024
Luxembourg rank
5th
Macao rank
6th
Tax revenue (% of GDP) over time
- Luxembourg
- Macao
How they compare
Luxembourg currently reports 28.6% against 27.4% in Macao, a difference of 1.2%.
The two have swapped places 2 times across 29 shared years of data; in 1996 it was Luxembourg ahead.
Luxembourg ranks 5th and Macao ranks 6th of 157 countries.
Across the 4 decades both report, Luxembourg averaged higher in 3 and Macao in 1.
Head to head by decade
| Decade | Luxembourg | Macao | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 25.2% | 14.4% | 10.8% | Luxembourg |
| 2000s | 24.5% | 21.7% | 2.8% | Luxembourg |
| 2010s | 24.7% | 32.6% | 7.9% | Macao |
| 2020s | 26.8% | 21.7% | 5.1% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Luxembourg or Macao?
- Luxembourg, at 28.6% against 27.4% in Macao as of 2024.
- What is the difference in tax revenue between Luxembourg and Macao?
- 1.2%, with Luxembourg ahead.
- How many years of comparable data are there for Luxembourg and Macao?
- 29 years are reported by both, from 1996 to 2024.
- How do Luxembourg and Macao rank globally for tax revenue?
- Luxembourg ranks 5th and Macao ranks 6th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.