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Economy of Luxembourg. Statistics, Data and Indicators

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Luxembourg
100AAA Credit rank #5
N/A Quality of life #
10 Corruption rank#9
72 Ease of doing business#66
Luxembourg


Luxembourg Major Economic Indicators

Indicator Data Period
GDP Value 82.27 USD Billion 2022
GDP Annual Growth Rate -1.65 % 2Q/23
GDP Growth Rate -0.13 % 2Q/23
GDP per capita 107660 USD 2022
Inflation Rate YoY 4.05 % Sep/23
Interest Rate 4.5 % Sep/23
Unemployment Rate 5.3 % Aug/23
Wages 6308 EUR/ Month | 6692.128 USD/Month 2022
Balance of Trade -0.57 EUR Billion | -0.605 B USD Jul/23
Current Account 1347 EUR Million | 1.429 B USD 2Q/23
Foreign Exchange Reserves 2783 EUR Million | 2.952 B USD Sep/23


GDP Indicators

Indicator Data Period
GDP Value 82.27 USD Billion 2022
GDP Annual Growth Rate -1.65 % 2Q/23
GDP Growth Rate -0.13 % 2Q/23
GDP per capita 107660 USD 2022
GDP Constant Prices 15961 EUR Million | 16.933 B USD 2Q/23
GDP per capita PPP 115542 USD 2022


Budget Indicators

Indicator Data Period
Government Debt to GDP 24.6 % 2022
Government Budget Value 138 EUR Million | 0.146 USD Billion 2022
Government Spending 2930 EUR Million | 3.108 USD Billion 2Q/23
Government Revenues 33965 EUR Million | 36.033 USD Billion 2022
Fiscal Expenditure  33827 EUR Million | 35.887 B USD 2022
Government Budget to GDP 0.2 % 2022
Government Spending to GDP 43.3 % 2022
Military Expenditure 565 USD Million | 0.565 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 122 index points Sep/23
Food Inflation 8.9 % Sep/23
Gasoline Prices 1.76 USD/Liter Sep/23
GDP Deflator 126 index points 2Q/23
Inflation Rate YoY 4.05 % Sep/23
Producer Prices 140 index points Aug/23
Inflation Rate Mom 0.07 % Sep/23
Core Consumer Prices 120 Index Points Sep/23
Core Inflation Rate 4.32 % Sep/23
CPI Housing Utilities 122 Index Points Sep/23
CPI Transportation 121 Index Points Sep/23
Harmonised Consumer Prices 124 Index Points Sep/23
Producer Prices Change  -6.6 % Aug/23


Trade Indicators

Indicator Data Period
Current Account to GDP 5 % 2022
Balance of Trade -0.57 EUR Billion | -0.605 USD Billion Jul/23
Capital Flows 1383 EUR Million | 1.467 USD Billion 2Q/23
Current Account 1347 EUR Million | 1.429 USD Billion 2Q/23
Exports 1.26 EUR Billion | 1.337 USD Billion Jul/23
External Debt 396646 EUR Thousand | 0.421 USD Billion 2Q/23
Foreign Exchange Reserves 2783 EUR Million | 2.952 USD Billion Sep/23
Imports 1.84 EUR Billion | 1.952 USD Billion Jul/23


Money Indicators

Indicator Data Period
Bank Lending Rate 4.79 % Aug/23
Gold Reserves 2.27 Tonnes 2Q/23
Interest Rate 4.5 % Sep/23
Loans to Private Sector 28361 EUR Million | 30.088 USD Billion Aug/23
Money Supply M0 4.9 EUR Billion | 5.198 USD Billion Aug/23
Money Supply M1 274 EUR Billion | 290.685 USD Billion Aug/23
Money Supply M2 361 EUR Billion | 382.983 USD Billion Aug/23
Money Supply M3 454 EUR Billion | 481.647 USD Billion Aug/23
Central Bank Balance Sheet 282584 EUR Million | 299.792 B USD Aug/23
Foreign Direct Investment -69098 EUR Million | -73.306 B USD 2Q/23


Labor Indicators

Indicator Data Period
Minimum Wages 2508 EUR/Month | 2660.726 USD/Month 3Q/23
Retirement Age Men 65 2022
Retirement Age Women 65 2022
Unemployment Rate 5.3 % Aug/23
Wages 6308 EUR/ Month | 6692.128 USD/Month 2022
Youth Unemployment Rate 19.2 % Aug/23
Employed Persons 508350 Person | 0.508 Million Person Aug/23
Employment Change  0.4 % 2Q/23
Employment Rate  70.9 % 2Q/23
Full Time Employment 257 Thousand Person 1Q/23
Labor Force Participation Rate 62 % 1Q/23
Long Term Unemployment Rate 1.8 % 2Q/23
Part Time Employment 58.1 Thousand Persons 1Q/23
Unemployed Persons 16056 Persons | 0.016 Million Persons Aug/23


Taxes



Production Indicators

Indicator Data Period
Electricity Production 168 GWh Jul/23
Industrial Production -5.56 % Jul/23
Mining Production -7.9 % Jul/23
Steel Production 113 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Bankruptcies 1024 Companies 2022
Business Confidence 93 index points Sep/23
Corruption Index 77 index points 2022
Corruption Rank 10 place 2022
Ease of Doing Business 72 place 2019
Manufacturing Production -5.3 % Jul/23
Competitiveness Index 77.03 Index Points 2019
Competitiveness Rank 18 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -16.5 index points Sep/23
Private Debt To GDP 477 % 2021
Retail Sales MoM -1.3 % Jul/23
Retail Sales YoY 7.78 % Jul/23
Consumer Credit 1728 EUR Million | 1.833 USD Billion Aug/23
Consumer Spending 4898 EUR Million | 5.196 USD Billion 2Q/23
Households Debt To GDP 66.1 % 1Q/23


Housing Market

Indicator Data Period
Construction Output -1 % Jul/23