Taxes on incomes of individuals and corporations as share of GDP in Luxembourg
Luxembourg: Taxes on incomes of individuals and corporations as share of GDP was 16.6% in 2023. ▼ Falling
Latest (2023)
16.6%
Change on year
up 12.3%
World rank
8th
of 184 countries
All-time high
17.1%
in 1985
All-time low
11.9%
in 1992
Years of data
44
1980–2023
Taxes on incomes of individuals and corporations as share of GDP in Luxembourg, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
In 2023, taxes on incomes of individuals and corporations as share of gdp in Luxembourg stood at 16.6%.
The figure is up 12.3% on the previous year and up 29.6% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Luxembourg peaked at 17.1% in 1985 and was at its lowest, 11.9%, in 1992.
Luxembourg ranks 8th of 184 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 44 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 14.3% | — |
| 1981 | 13.8% | -3.5% |
| 1982 | 15.3% | +10.5% |
| 1983 | 17.0% | +11.7% |
| 1984 | 16.0% | -5.9% |
| 1985 | 17.1% | +6.8% |
| 1986 | 15.7% | -8.2% |
| 1987 | 15.5% | -1.4% |
| 1988 | 14.6% | -5.6% |
| 1989 | 14.1% | -3.5% |
| 1990 | 14.1% | +0.2% |
| 1991 | 12.6% | -11.0% |
| 1992 | 11.9% | -5.4% |
| 1993 | 13.6% | +13.7% |
| 1994 | 14.0% | +3.3% |
| 1995 | 14.7% | +4.8% |
| 1996 | 15.0% | +2.3% |
| 1997 | 15.7% | +4.3% |
| 1998 | 15.2% | -2.7% |
| 1999 | 13.9% | -8.5% |
| 2000 | 13.5% | -3.1% |
| 2001 | 13.6% | +0.4% |
| 2002 | 13.8% | +1.8% |
| 2003 | 13.7% | -1.1% |
| 2004 | 12.0% | -11.8% |
| 2005 | 12.9% | +7.3% |
| 2006 | 12.4% | -4.3% |
| 2007 | 12.4% | +0.0% |
| 2008 | 12.6% | +1.9% |
| 2009 | 12.8% | +1.5% |
| 2010 | 12.9% | +0.9% |
| 2011 | 12.8% | -0.3% |
| 2012 | 12.8% | -0.4% |
| 2013 | 12.8% | -0.2% |
| 2014 | 12.5% | -2.3% |
| 2015 | 12.9% | +3.7% |
| 2016 | 13.2% | +2.3% |
| 2017 | 13.7% | +3.3% |
| 2018 | 15.6% | +14.2% |
| 2019 | 15.5% | -0.8% |
| 2020 | 14.5% | -6.3% |
| 2021 | 14.6% | +0.8% |
| 2022 | 14.8% | +0.8% |
| 2023 | 16.6% | +12.3% |
Luxembourg compared with similar countries
- Luxembourg's 16.6% is above the median for high income countries, which is 10.0%, 1.7× the median. (63 countries reporting)
- Luxembourg's 16.6% is above the median for Europe & Central Asia, which is 8.9%, 1.9× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.4% | 13.8% | 17.1% | 10 |
| 1990s | 14.1% | 11.9% | 15.7% | 10 |
| 2000s | 13.0% | 12.0% | 13.8% | 10 |
| 2010s | 13.5% | 12.5% | 15.6% | 10 |
| 2020s | 15.1% | 14.5% | 16.6% | 4 |
Countries ranked near Luxembourg
More economy & growth data for Luxembourg
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 108.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 1.16 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 160,408 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -93.89 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -188.59 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.9282 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -136,679 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 9.54 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Luxembourg?
- Taxes on incomes of individuals and corporations as share of gdp in Luxembourg was 16.6% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Luxembourg?
- The highest recorded value was 17.1% in 1985.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Luxembourg?
- The lowest recorded value was 11.9% in 1992.
- How does Luxembourg rank for taxes on incomes of individuals and corporations as share of gdp?
- Luxembourg ranks 8th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Luxembourg?
- Over the last ten years it is up 29.6%. The long-run trend across the full record is falling.
- Where does this Luxembourg data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.