Latvia vs Luxembourg: Financing of social security benefits in OECD member countries — Tax
Latvia
10.97 Percentage of GDP
in 2024
Luxembourg
10.73 Percentage of GDP
in 2024
Latvia rank
15th
Luxembourg rank
16th
Financing of social security benefits in OECD member countries — Tax over time
- Latvia
- Luxembourg
How they compare
Latvia currently reports 10.97 Percentage of GDP against 10.73 Percentage of GDP in Luxembourg, a difference of 0.24 Percentage of GDP.
The two have swapped places 2 times across 30 shared years of data; in 1995 it was Latvia ahead.
Latvia ranks 15th and Luxembourg ranks 16th of 33 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and Luxembourg in 3.
Head to head by decade
| Decade | Latvia | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 10.68 Percentage of GDP | 9.72 Percentage of GDP | 0.9646 Percentage of GDP | Latvia |
| 2000s | 8.87 Percentage of GDP | 10.27 Percentage of GDP | 1.4 Percentage of GDP | Luxembourg |
| 2010s | 8.95 Percentage of GDP | 10.48 Percentage of GDP | 1.53 Percentage of GDP | Luxembourg |
| 2020s | 10.28 Percentage of GDP | 10.85 Percentage of GDP | 0.5673 Percentage of GDP | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financing of social security benefits in oecd member countries — tax, Latvia or Luxembourg?
- Latvia, at 10.97 Percentage of GDP against 10.73 Percentage of GDP in Luxembourg as of 2024.
- What is the difference in financing of social security benefits in oecd member countries — tax between Latvia and Luxembourg?
- 0.24 Percentage of GDP, with Latvia ahead.
- How many years of comparable data are there for Latvia and Luxembourg?
- 30 years are reported by both, from 1995 to 2024.
- How do Latvia and Luxembourg rank globally for financing of social security benefits in oecd member countries — tax?
- Latvia ranks 15th and Luxembourg ranks 16th of 33 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Financing of social security benefits in OECD member countries — Tax revenue. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Compulsory payments conferring entitlement to future social benefits These are usually earmarked to finance social benefits and paid to institutions of general government.