Taxes on goods and services (current LCU), annual growth rate in Luxembourg
Luxembourg: Taxes on goods and services (current LCU), annual growth rate was 7.78 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Luxembourg, 1973–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes on goods and services (current lcu), annual growth rate in Luxembourg is 7.78 % change on previous year, measured in 2024.
That represents a change of up 1,535.3% on the previous year and down 14.6% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Luxembourg peaked at 24.36 % change on previous year in 1983 and was at its lowest, -12.12 % change on previous year, in 2015.
Luxembourg ranks 91st 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.
Taxes on goods and services (current LCU), annual growth rate in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1973 | 18.99 % change on previous year | — |
| 1974 | 6.98 % change on previous year | -63.3% |
| 1975 | 23.3 % change on previous year | +233.9% |
| 1976 | 9.63 % change on previous year | -58.7% |
| 1977 | 5.5 % change on previous year | -42.9% |
| 1978 | 9.38 % change on previous year | +70.6% |
| 1979 | 6.35 % change on previous year | -32.2% |
| 1980 | 22.55 % change on previous year | +255.0% |
| 1981 | 11.75 % change on previous year | -47.9% |
| 1982 | 15.32 % change on previous year | +30.3% |
| 1983 | 24.36 % change on previous year | +59.1% |
| 1984 | 12.73 % change on previous year | -47.8% |
| 1985 | -3.52 % change on previous year | -127.7% |
| 1986 | 17.12 % change on previous year | -585.9% |
| 1987 | 7.64 % change on previous year | -55.4% |
| 1988 | 9.43 % change on previous year | +23.5% |
| 1989 | 9.36 % change on previous year | -0.8% |
| 1990 | 2.4 % change on previous year | -74.4% |
| 1991 | 13.86 % change on previous year | +478.5% |
| 1992 | 19.68 % change on previous year | +42.0% |
| 1993 | 11.73 % change on previous year | -40.4% |
| 1994 | 6.67 % change on previous year | -43.1% |
| 1995 | 17.04 % change on previous year | +155.5% |
| 1996 | 4.54 % change on previous year | -73.4% |
| 1997 | 12.27 % change on previous year | +170.2% |
| 1998 | 9.44 % change on previous year | -23.0% |
| 1999 | 16.24 % change on previous year | +72.0% |
| 2000 | 16.25 % change on previous year | +0.1% |
| 2001 | -0.5917 % change on previous year | -103.6% |
| 2002 | 1.78 % change on previous year | -400.4% |
| 2003 | 4.93 % change on previous year | +177.3% |
| 2004 | 13.86 % change on previous year | +181.1% |
| 2005 | 9.41 % change on previous year | -32.1% |
| 2006 | 5.6 % change on previous year | -40.5% |
| 2007 | 13.95 % change on previous year | +149.2% |
| 2008 | -2.13 % change on previous year | -115.3% |
| 2009 | -2.29 % change on previous year | +7.3% |
| 2010 | 7.49 % change on previous year | -427.6% |
| 2011 | 7.09 % change on previous year | -5.4% |
| 2012 | 6.9 % change on previous year | -2.6% |
| 2013 | 5.54 % change on previous year | -19.8% |
| 2014 | 9.11 % change on previous year | +64.5% |
| 2015 | -12.12 % change on previous year | -233.0% |
| 2016 | 4.85 % change on previous year | -140.0% |
| 2017 | 7.22 % change on previous year | +48.8% |
| 2018 | 8.5 % change on previous year | +17.8% |
| 2019 | 4.43 % change on previous year | -47.8% |
| 2020 | -0.3831 % change on previous year | -108.6% |
| 2021 | 17.66 % change on previous year | -4708.4% |
| 2022 | 5.26 % change on previous year | -70.2% |
| 2023 | 0.4755 % change on previous year | -91.0% |
| 2024 | 7.78 % change on previous year | +1535.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.44 % change on previous year | 5.5 % change on previous year | 23.3 % change on previous year | 7 |
| 1980s | 12.67 % change on previous year | -3.52 % change on previous year | 24.36 % change on previous year | 10 |
| 1990s | 11.39 % change on previous year | 2.4 % change on previous year | 19.68 % change on previous year | 10 |
| 2000s | 6.08 % change on previous year | -2.29 % change on previous year | 16.25 % change on previous year | 10 |
| 2010s | 4.9 % change on previous year | -12.12 % change on previous year | 9.11 % change on previous year | 10 |
| 2020s | 6.16 % change on previous year | -0.3831 % change on previous year | 17.66 % change on previous year | 5 |
Countries ranked near Luxembourg
- 88 Kyrgyzstan 8.31 % change on previous year compare
- 89 Ireland 8.13 % change on previous year compare
- 90 New Zealand 7.82 % change on previous year compare
- 92 Portugal 7.68 % change on previous year compare
- 93 Guatemala 7.64 % change on previous year compare
- 94 Spain 7.45 % change on previous year 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)
- Military expenditure (current USD), per capita 1,287 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0093 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 31.57 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 871.64 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 388.43 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 257,332 current USD per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services (current lcu), annual growth rate in Luxembourg?
- Taxes on goods and services (current lcu), annual growth rate in Luxembourg was 7.78 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Luxembourg?
- The highest recorded value was 24.36 % change on previous year in 1983.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Luxembourg?
- The lowest recorded value was -12.12 % change on previous year in 2015.
- How does Luxembourg rank for taxes on goods and services (current lcu), annual growth rate?
- Luxembourg ranks 91st out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Luxembourg?
- Over the last ten years it is down 14.6%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.