Subsidies and other transfers in Luxembourg
Luxembourg: Subsidies and other transfers was 21.71 billion current LCU in 2024. β Volatile
Subsidies and other transfers in Luxembourg, 1972β2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Luxembourg is 21.71 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 5.1% on the previous year and up 117.1% over ten years.
Over the whole period, subsidies and other transfers in Luxembourg peaked at 21.71 billion current LCU in 2024 and was at its lowest, 16.48 million current LCU, in 1972.
Luxembourg ranks 102nd of 153 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.02 million current LCU | 16.48 million current LCU | 28.88 million current LCU | 8 |
| 1980s | 29.79 million current LCU | 18.20 million current LCU | 39.86 million current LCU | 10 |
| 1990s | 3.00 billion current LCU | 2.23 billion current LCU | 3.57 billion current LCU | 10 |
| 2000s | 5.56 billion current LCU | 3.76 billion current LCU | 7.68 billion current LCU | 10 |
| 2010s | 9.99 billion current LCU | 8.03 billion current LCU | 12.10 billion current LCU | 10 |
| 2020s | 18.36 billion current LCU | 14.03 billion current LCU | 21.71 billion current LCU | 5 |
Countries ranked near Luxembourg
- 99 Macao Special Administrative Region, People's Republic of China 27.62 billion current LCU compare
- 100 Singapore 27.56 billion current LCU compare
- 101 Honduras 23.82 billion current LCU compare
- 103 Lithuania 19.38 billion current LCU compare
- 104 United Arab Emirates 19.23 billion current LCU compare
- 105 Croatia 17.93 billion current LCU compare
More public sector data for Luxembourg
- Arms imports 3.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.43 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 388.43 SIPRI trend indicator values per square kilometre (2023)
- Tax revenue 28.6% (2024)
- Capital stock, General government, Current prices, Domestic currency 29.65 (2019)
- Taxes on income, profits and capital gains 35.6% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 48.12 (2019)
- Capital stock, General government, Constant prices, Purchasing power 33.98 (2019)
Frequently asked questions
- What is subsidies and other transfers in Luxembourg?
- Subsidies and other transfers in Luxembourg was 21.71 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Luxembourg?
- The highest recorded value was 21.71 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Luxembourg?
- The lowest recorded value was 16.48 million current LCU in 1972.
- How does Luxembourg rank for subsidies and other transfers?
- Luxembourg ranks 102nd out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Luxembourg?
- Over the last ten years it is up 117.1%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.