Compensation of employees (current LCU) in Luxembourg
Luxembourg: Compensation of employees (current LCU) was 7.67 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Luxembourg, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Luxembourg recorded 7.67 billion current LCU for compensation of employees in 2024. That is the highest value across all 53 years on record.
The figure is up 7.8% on the previous year and up 96.6% over ten years.
Over the whole period, compensation of employees in Luxembourg peaked at 7.67 billion current LCU in 2024 and was at its lowest, 96.53 million current LCU, in 1972.
Luxembourg ranks 116th of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Luxembourg, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 96.53 million current LCU | — |
| 1973 | 119.21 million current LCU | +23.5% |
| 1974 | 146.01 million current LCU | +22.5% |
| 1975 | 169.58 million current LCU | +16.1% |
| 1976 | 195.71 million current LCU | +15.4% |
| 1977 | 218.02 million current LCU | +11.4% |
| 1978 | 233.56 million current LCU | +7.1% |
| 1979 | 259.40 million current LCU | +11.1% |
| 1980 | 292.96 million current LCU | +12.9% |
| 1981 | 282.35 million current LCU | -3.6% |
| 1982 | 386.76 million current LCU | +37.0% |
| 1983 | 374.64 million current LCU | -3.1% |
| 1984 | 402.98 million current LCU | +7.6% |
| 1985 | 427.81 million current LCU | +6.2% |
| 1986 | 463.29 million current LCU | +8.3% |
| 1987 | 510.74 million current LCU | +10.2% |
| 1988 | 523.87 million current LCU | +2.6% |
| 1989 | 561.18 million current LCU | +7.1% |
| 1990 | 670.13 million current LCU | +19.4% |
| 1991 | 683.99 million current LCU | +2.1% |
| 1992 | 886.76 million current LCU | +29.6% |
| 1993 | 868.94 million current LCU | -2.0% |
| 1994 | 910.81 million current LCU | +4.8% |
| 1995 | 1.34 billion current LCU | +47.4% |
| 1996 | 1.39 billion current LCU | +3.6% |
| 1997 | 1.49 billion current LCU | +7.1% |
| 1998 | 1.53 billion current LCU | +2.8% |
| 1999 | 1.64 billion current LCU | +7.2% |
| 2000 | 1.74 billion current LCU | +6.2% |
| 2001 | 1.87 billion current LCU | +7.5% |
| 2002 | 1.99 billion current LCU | +6.4% |
| 2003 | 2.15 billion current LCU | +7.7% |
| 2004 | 2.30 billion current LCU | +7.0% |
| 2005 | 2.44 billion current LCU | +6.3% |
| 2006 | 2.57 billion current LCU | +5.1% |
| 2007 | 2.69 billion current LCU | +4.9% |
| 2008 | 2.82 billion current LCU | +4.5% |
| 2009 | 3.01 billion current LCU | +6.8% |
| 2010 | 3.20 billion current LCU | +6.5% |
| 2011 | 3.38 billion current LCU | +5.5% |
| 2012 | 3.56 billion current LCU | +5.4% |
| 2013 | 3.74 billion current LCU | +4.9% |
| 2014 | 3.90 billion current LCU | +4.3% |
| 2015 | 4.07 billion current LCU | +4.3% |
| 2016 | 4.14 billion current LCU | +1.9% |
| 2017 | 4.44 billion current LCU | +7.1% |
| 2018 | 4.79 billion current LCU | +8.0% |
| 2019 | 5.12 billion current LCU | +6.8% |
| 2020 | 5.60 billion current LCU | +9.5% |
| 2021 | 5.97 billion current LCU | +6.6% |
| 2022 | 6.42 billion current LCU | +7.5% |
| 2023 | 7.11 billion current LCU | +10.8% |
| 2024 | 7.67 billion current LCU | +7.8% |
Luxembourg compared with similar countries
- Luxembourg's 7.67 billion current LCU is below the median for high income countries, which is 23.97 billion current LCU, 32% of the median. (57 countries reporting)
- Luxembourg's 7.67 billion current LCU is below the median for Europe & Central Asia, which is 31.50 billion current LCU, 24% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Luxembourg changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +47.4% | 910.81 million current LCU | 1.34 billion current LCU |
| 1982 | +37.0% | 282.35 million current LCU | 386.76 million current LCU |
| 1992 | +29.6% | 683.99 million current LCU | 886.76 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 179.75 million current LCU | 96.53 million current LCU | 259.40 million current LCU | 8 |
| 1980s | 422.66 million current LCU | 282.35 million current LCU | 561.18 million current LCU | 10 |
| 1990s | 1.14 billion current LCU | 670.13 million current LCU | 1.64 billion current LCU | 10 |
| 2000s | 2.36 billion current LCU | 1.74 billion current LCU | 3.01 billion current LCU | 10 |
| 2010s | 4.03 billion current LCU | 3.20 billion current LCU | 5.12 billion current LCU | 10 |
| 2020s | 6.55 billion current LCU | 5.60 billion current LCU | 7.67 billion current LCU | 5 |
Countries ranked near Luxembourg
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Frequently asked questions
- What is compensation of employees in Luxembourg?
- Compensation of employees in Luxembourg was 7.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Luxembourg?
- The highest recorded value was 7.67 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Luxembourg?
- The lowest recorded value was 96.53 million current LCU in 1972.
- How does Luxembourg rank for compensation of employees?
- Luxembourg ranks 116th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Luxembourg?
- Over the last ten years it is up 96.6%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. 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.