Economy of Luxembourg. Statistics, Data and Indicators

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

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
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 24.94 % | 2023 |
Personal Income Tax Rate | 42 % | 2023 |
Sales Tax Rate | 16 % | 2023 |
Social Security Rate | 27.9 % | 2022 |
Social Security Rate For Companies | 15.45 % | 2022 |
Social Security Rate For Employees | 12.45 % | 2022 |
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 |