Luxembourg | Goods and services expense (% of expense)

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 (% of expense)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 4.90185897
1973 4.75319111
1974 4.7697307
1975 4.95669476
1976 4.4381138
1977 3.83320326
1978 4.15892193
1979 4.262425
1980 4.43520207
1981 4.34683625
1982 5.14067246
1983 4.16367552
1984 4.33296121
1985 4.53720508
1986 4.54585029
1987 4.52178982
1988 4.43947322
1989 4.71001441
1990 4.66653734
1991 4.59530246
1992 4.50345505
1993 3.6543806
1994 4.12879083
1995 6.88826558
1996 7.80424272
1997 7.6460095
1998 7.27953707
1999 7.05236922
2000 7.85127183
2001 7.78188951
2002 8.21357078
2003 8.27416561
2004 7.93869491
2005 8.06136148
2006 7.76890331
2007 7.43111662
2008 7.67066204
2009 7.91697992
2010 7.75661849
2011 7.51035734
2012 7.59662335
2013 7.18294459
2014 7.06835094
2015 7.59171891
2016 7.86881619
2017 7.6171654
2018 7.4736052
2019 7.66553354
2020 7.41742489
2021 7.77393851
2022

Luxembourg | Goods and services expense (% of expense)

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