Luxembourg | Revenue, excluding grants (% of GDP)
Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here. 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 | Revenue, excluding grants (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
26.74577091 1972
26.9052628 1973
27.55510401 1974
33.3726243 1975
33.77657584 1976
37.11763048 1977
37.71668401 1978
35.88256921 1979
37.62806062 1980
38.35708771 1981
37.68111083 1982
38.97037894 1983
37.63585353 1984
38.47700731 1985
36.62707063 1986
36.60367068 1987
34.8387216 1988
34.25652471 1989
34.75395864 1990
34.90421451 1991
36.92706609 1992
36.57618829 1993
36.7715311 1994
40.89269416 1995
40.74885107 1996
40.85184282 1997
41.53562696 1998
40.32321481 1999
40.56719763 2000
40.77568367 2001
40.60197447 2002
40.44762617 2003
39.60390128 2004
40.64438985 2005
38.84014491 2006
39.18126031 2007
38.68297824 2008
39.80357045 2009
39.08472606 2010
39.46753623 2011
39.78680589 2012
39.79081644 2013
39.71959434 2014
39.4391768 2015
39.52131569 2016
39.93050465 2017
42.21353565 2018
42.15040128 2019
40.70206485 2020
40.99244675 2021
2022
Luxembourg | Revenue, excluding grants (% of GDP)
Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here. 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