Luxembourg | Social contributions (% of revenue)

Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments. 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 | Social contributions (% of revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 27.3953221
1973 26.58766222
1974 26.77266242
1975 28.9856576
1976 30.3661997
1977 29.17681056
1978 27.48098402
1979 28.01369038
1980 25.96662597
1981 25.87858539
1982 24.68949565
1983 23.78589702
1984 22.93862048
1985 23.80916139
1986 24.26417019
1987 25.4227175
1988 24.83541749
1989 24.74214002
1990 24.70709532
1991 24.74819188
1992 26.60294746
1993 26.67822445
1994 25.81634849
1995 28.62220944
1996 28.18908039
1997 27.41808363
1998 27.4060157
1999 27.8256384
2000 27.08021105
2001 28.5715034
2002 28.99844983
2003 29.74789116
2004 29.77940804
2005 29.10050455
2006 28.60527977
2007 28.15627845
2008 28.76087048
2009 30.51816858
2010 29.66378718
2011 29.85595122
2012 29.85512528
2013 29.44630736
2014 28.92165363
2015 29.26744881
2016 29.15168374
2017 29.76583075
2018 28.7394763
2019 29.2949534
2020 30.82068571
2021 28.95403207
2022

Luxembourg | Social contributions (% of revenue)

Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments. 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