Luxembourg | Goods and services expense (current LCU)

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Grand Duchy of Luxembourg
Records
63
Source
Luxembourg | Goods and services expense (current LCU)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 23401148.738594
1973 26400660.38835
1974 31656003.113543
1975 41993163.096587
1976 44025889.999727
1977 42612896.90852
1978 48810235.027851
1979 55999147.246275
1980 64501895.145997
1981 70996705.495056
1982 95662111.209993
1983 84829164.177402
1984 92365127.330509
1985 97917942.28543
1986 103545125.29778
1987 111527296.79548
1988 117575898.79995
1989 129648313.4564
1990 149083165.79863
1991 162667730.9562
1992 183044578.69256
1993 161353895.2749
1994 196926616.07986
1995 395030941.16851
1996 472188838.30378
1997 497809046.37753
1998 490197401.98494
1999 517545308.68397
2000 615709848.49047
2001 655037514.1893
2002 753543455.92798
2003 829403270.99011
2004 868276258.92795
2005 931887501.95263
2006 948318252.1729
2007 950741593.08856
2008 1062748594.9845
2009 1195599823.4896
2010 1236268392.5355
2011 1256918083.5926
2012 1364902409.346
2013 1359492507.0402
2014 1381484805.4657
2015 1529664780.3968
2016 1629173946.717
2017 1673009832.4845
2018 1743112959.8649
2019 1890044688.7141
2020 2049538564.7317
2021 2215391963.9596
2022

Luxembourg | Goods and services expense (current LCU)

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Grand Duchy of Luxembourg
Records
63
Source