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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 #
9 Corruption rank#9
72 Ease of doing business#66
Luxembourg


Luxembourg Major Economic Indicators

Indicator Data Period
GDP Value 86.71 USD Billion 2021
GDP Annual Growth Rate 4 % 1Q/22
GDP Growth Rate 1.2 % 1Q/22
GDP per capita 110584 USD 2021
Inflation Rate YoY 6.7 % Jul/22
Interest Rate 0.5 % Jul/22
Unemployment Rate 4.7 % Jun/22
Wages 5466 EUR/ Month | 5563.755 USD/Month 2020
Balance of Trade -0.59 EUR Billion | -0.601 B USD May/22
Current Account 440 EUR Million | 0.448 B USD 1Q/22
Foreign Exchange Reserves 2693 EUR Million | 2.741 B USD Jun/22


GDP Indicators

Indicator Data Period
GDP Value 86.71 USD Billion 2021
GDP Annual Growth Rate 4 % 1Q/22
GDP Growth Rate 1.2 % 1Q/22
GDP per capita 110584 USD 2021
GDP Constant Prices 16345 EUR Million | 16.637 B USD 1Q/22
GDP per capita PPP 118680 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 24.4 % 2021
Government Budget Value -2620 EUR Million | -2.667 USD Billion 2020
Government Spending 2838 EUR Million | 2.889 USD Billion 1Q/22
Government Revenues 28034 EUR Million | 28.535 USD Billion 2020
Fiscal Expenditure  30654 EUR Million | 31.202 B USD 2020
Government Budget to GDP 0.9 % 2021
Government Spending to GDP 42.3 % 2021
Military Expenditure 479 USD Million | 0.479 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 116 index points Jul/22
Food Inflation 6.8 % Jun/22
Gasoline Prices 1.99 USD/Liter Jun/22
GDP Deflator 119 index points 1Q/22
Inflation Rate YoY 6.7 % Jul/22
Producer Prices 146 index points Jun/22
Inflation Rate Mom -1 % Jul/22
Core Consumer Prices 113 Index Points Jun/22
Core Inflation Rate 4.8 % Jun/22
CPI Housing Utilities 119 Index Points Jul/22
CPI Transportation 121 Index Points Jul/22
Harmonised Consumer Prices 119 Index Points Jul/22
Producer Prices Change  30 % Jun/22


Trade Indicators

Indicator Data Period
Current Account to GDP 4.8 % 2021
Balance of Trade -0.59 EUR Billion | -0.601 USD Billion May/22
Capital Flows 383 EUR Million | 0.39 USD Billion 1Q/22
Current Account 440 EUR Million | 0.448 USD Billion 1Q/22
Exports 1.49 EUR Billion | 1.517 USD Billion May/22
External Debt 3519702 EUR Thousand | 3.583 USD Billion 1Q/22
Foreign Exchange Reserves 2693 EUR Million | 2.741 USD Billion Jun/22
Imports 2.08 EUR Billion | 2.117 USD Billion May/22


Money Indicators

Indicator Data Period
Bank Lending Rate 1.34 % Jun/22
Gold Reserves 2.24 Tonnes 1Q/22
Interest Rate 0.5 % Jul/22
Loans to Private Sector 27717 EUR Million | 28.213 USD Billion Jun/22
Money Supply M0 4.8 EUR Billion | 4.886 USD Billion Jun/22
Money Supply M1 370 EUR Billion | 376.617 USD Billion Jun/22
Money Supply M2 405 EUR Billion | 412.243 USD Billion Jun/22
Money Supply M3 512 EUR Billion | 521.157 USD Billion Jun/22
Central Bank Balance Sheet 393549 EUR Million | 400.587 B USD Jun/22
Foreign Direct Investment 59823 EUR Million | 60.893 B USD 4Q/21


Labor Indicators

Indicator Data Period
Minimum Wages 2313 EUR/Month | 2354.366 USD/Month 3Q/22
Retirement Age Men 65 2020
Retirement Age Women 65 2020
Unemployment Rate 4.7 % Jun/22
Wages 5466 EUR/ Month | 5563.755 USD/Month 2020
Youth Unemployment Rate 13.7 % Jun/22
Employed Persons 505001 Person | 0.505 Million Person Jun/22
Employment Change  0.9 % 4Q/21
Employment Rate  70.6 % 1Q/22
Full Time Employment 248 Thousand Person 4Q/21
Labor Force Participation Rate 62.9 % 1Q/22
Long Term Unemployment Rate 1.2 % 1Q/22
Part Time Employment 53.1 Thousand Persons 4Q/21
Unemployed Persons 13638 Persons | 0.014 Million Persons Jun/22


Taxes



Production Indicators

Indicator Data Period
Electricity Production 200 GWh May/22
Industrial Production -1.82 % May/22
Mining Production -22.4 % May/22
Steel Production 113 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Bankruptcies 1180 Companies 2021
Business Confidence 94.2 index points Jul/22
Corruption Index 81 index points 2021
Corruption Rank 9 place 2021
Ease of Doing Business 72 place 2019
Manufacturing Production -2.8 % May/22
Competitiveness Index 77.03 Index Points 2019
Competitiveness Rank 18 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence -22.6 index points Jul/22
Private Debt To GDP 464 % 2019
Retail Sales MoM -0.6 % Jun/22
Retail Sales YoY -2.48 % May/22
Consumer Credit 1720 EUR Million | 1.751 USD Billion Jun/22
Consumer Spending 4786 EUR Million | 4.872 USD Billion 1Q/22
Households Debt To GDP 66.1 % 4Q/21


Housing Market

Indicator Data Period
Construction Output 2.6 % May/22