Taxes on goods and services in Luxembourg
Luxembourg: Taxes on goods and services was 12.4% in 2024. ▼ Falling
Taxes on goods and services in Luxembourg, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Luxembourg stood at 12.4%.
That represents a change of up 3.0% on the previous year and down 11.9% over ten years.
Over the whole period, taxes on goods and services in Luxembourg peaked at 14.9% in 2005 and was at its lowest, 11.6%, in 2015.
Luxembourg ranks 53rd of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Taxes on goods and services in Luxembourg, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1995 | 12.8% | — |
| 1996 | 12.7% | -1.0% |
| 1997 | 13.2% | +4.1% |
| 1998 | 13.9% | +5.2% |
| 1999 | 14.2% | +2.6% |
| 2000 | 14.8% | +4.1% |
| 2001 | 14.1% | -4.9% |
| 2002 | 13.7% | -2.6% |
| 2003 | 13.7% | -0.0% |
| 2004 | 14.6% | +6.8% |
| 2005 | 14.9% | +1.7% |
| 2006 | 13.8% | -7.5% |
| 2007 | 14.3% | +3.9% |
| 2008 | 13.1% | -8.6% |
| 2009 | 13.1% | +0.1% |
| 2010 | 12.9% | -1.2% |
| 2011 | 13.3% | +2.9% |
| 2012 | 13.6% | +2.1% |
| 2013 | 13.6% | -0.1% |
| 2014 | 14.1% | +3.9% |
| 2015 | 11.6% | -18.0% |
| 2016 | 11.7% | +1.1% |
| 2017 | 12.1% | +4.0% |
| 2018 | 12.8% | +5.5% |
| 2019 | 12.9% | +0.8% |
| 2020 | 12.4% | -4.0% |
| 2021 | 12.9% | +4.0% |
| 2022 | 13.0% | +0.5% |
| 2023 | 12.1% | -7.0% |
| 2024 | 12.4% | +3.0% |
Luxembourg compared with similar countries
- Luxembourg's 12.4% is above the median for high income countries, which is 11.7%, 1.1× the median. (55 countries reporting)
- Luxembourg's 12.4% is below the median for Europe & Central Asia, which is 13.0%, 96% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.3% | 12.7% | 14.2% | 5 |
| 2000s | 14.0% | 13.1% | 14.9% | 10 |
| 2010s | 12.9% | 11.6% | 14.1% | 10 |
| 2020s | 12.5% | 12.1% | 13.0% | 5 |
Countries ranked near Luxembourg
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 in Luxembourg?
- Taxes on goods and services in Luxembourg was 12.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Luxembourg?
- The highest recorded value was 14.9% in 2005.
- What is the lowest taxes on goods and services recorded in Luxembourg?
- The lowest recorded value was 11.6% in 2015.
- How does Luxembourg rank for taxes on goods and services?
- Luxembourg ranks 53rd out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Luxembourg?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is falling.
- 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.