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 | 85.51 USD Billion | 2021 |
| GDP Annual Growth Rate | -2.2 % | 4Q/22 |
| GDP Growth Rate | -3.8 % | 4Q/22 |
| GDP per capita | 107792 USD | 2021 |
| Inflation Rate YoY | 4.3 % | Feb/23 |
| Interest Rate | 3.5 % | Mar/23 |
| Unemployment Rate | 4.8 % | Feb/23 |
| Wages | 5871 EUR/ Month | 6382.077 USD/Month | 2021 |
| Balance of Trade | -0.78 EUR Billion | -0.848 B USD | Jan/23 |
| Current Account | -1058 EUR Million | -1.15 B USD | 4Q/22 |
| Foreign Exchange Reserves | 2749 EUR Million | 2.988 B USD | Feb/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 85.51 USD Billion | 2021 |
| GDP Annual Growth Rate | -2.2 % | 4Q/22 |
| GDP Growth Rate | -3.8 % | 4Q/22 |
| GDP per capita | 107792 USD | 2021 |
| GDP Constant Prices | 15438 EUR Million | 16.782 B USD | 4Q/22 |
| GDP per capita PPP | 115683 USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 24.5 % | 2021 |
| Government Budget Value | 650 EUR Million | 0.707 USD Billion | 2021 |
| Government Spending | 2965 EUR Million | 3.223 USD Billion | 4Q/22 |
| Government Revenues | 31664 EUR Million | 34.42 USD Billion | 2021 |
| Fiscal Expenditure | 31015 EUR Million | 33.715 B USD | 2021 |
| Government Budget to GDP | 0.8 % | 2021 |
| Government Spending to GDP | 42.3 % | 2021 |
| Military Expenditure | 460 USD Million | 0.46 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 119 index points | Feb/23 |
| Food Inflation | 13.09 % | Feb/23 |
| Gasoline Prices | 1.68 USD/Liter | Mar/23 |
| GDP Deflator | 129 index points | 4Q/22 |
| Inflation Rate YoY | 4.3 % | Feb/23 |
| Producer Prices | 147 index points | Jan/23 |
| Inflation Rate Mom | 1.7 % | Feb/23 |
| Core Consumer Prices | 117 Index Points | Feb/23 |
| Core Inflation Rate | 4.79 % | Feb/23 |
| CPI Housing Utilities | 120 Index Points | Feb/23 |
| CPI Transportation | 118 Index Points | Feb/23 |
| Harmonised Consumer Prices | 120 Index Points | Feb/23 |
| Producer Prices Change | 13.1 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 4.8 % | 2021 |
| Balance of Trade | -0.78 EUR Billion | -0.848 USD Billion | Jan/23 |
| Capital Flows | -867 EUR Million | -0.942 USD Billion | 4Q/22 |
| Current Account | -1058 EUR Million | -1.15 USD Billion | 4Q/22 |
| Exports | 1.31 EUR Billion | 1.424 USD Billion | Jan/23 |
| External Debt | 3495577 EUR Thousand | 3.8 USD Billion | 4Q/22 |
| Foreign Exchange Reserves | 2749 EUR Million | 2.988 USD Billion | Feb/23 |
| Imports | 2.08 EUR Billion | 2.261 USD Billion | Jan/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 3.69 % | Feb/23 |
| Gold Reserves | 2.24 Tonnes | 4Q/22 |
| Interest Rate | 3.5 % | Mar/23 |
| Loans to Private Sector | 28731 EUR Million | 31.232 USD Billion | Feb/23 |
| Money Supply M0 | 4.9 EUR Billion | 5.327 USD Billion | Feb/23 |
| Money Supply M1 | 314 EUR Billion | 341.334 USD Billion | Feb/23 |
| Money Supply M2 | 386 EUR Billion | 419.602 USD Billion | Feb/23 |
| Money Supply M3 | 490 EUR Billion | 532.655 USD Billion | Feb/23 |
| Central Bank Balance Sheet | 329992 EUR Million | 358.718 B USD | Feb/23 |
| Foreign Direct Investment | -362408 EUR Million | -393.956 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 2387 EUR/Month | 2594.791 USD/Month | 1Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 65 | 2022 |
| Unemployment Rate | 4.8 % | Feb/23 |
| Wages | 5871 EUR/ Month | 6382.077 USD/Month | 2021 |
| Youth Unemployment Rate | 18.9 % | Jan/23 |
| Employed Persons | 510446 Person | 0.51 Million Person | Feb/23 |
| Employment Change | 0.8 % | 4Q/22 |
| Employment Rate | 69.6 % | 4Q/22 |
| Full Time Employment | 252 Thousand Person | 4Q/22 |
| Labor Force Participation Rate | 61.4 % | 4Q/22 |
| Long Term Unemployment Rate | 1.4 % | 4Q/22 |
| Part Time Employment | 55.5 Thousand Persons | 4Q/22 |
| Unemployed Persons | 15650 Persons | 0.016 Million Persons | Feb/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 24.94 % | 2022 |
| Personal Income Tax Rate | 42 % | 2022 |
| Sales Tax Rate | 17 % | 2022 |
| 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 | 187 GWh | Dec/22 |
| Industrial Production | -5.9 % | Dec/22 |
| Mining Production | -39.5 % | Jan/23 |
| Steel Production | 113 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 1050 Companies | 2022 |
| Business Confidence | 97.9 index points | Feb/23 |
| Corruption Index | 77 index points | 2022 |
| Corruption Rank | 10 place | 2022 |
| Ease of Doing Business | 72 place | 2019 |
| Manufacturing Production | -5.4 % | Jan/23 |
| Competitiveness Index | 77.03 Index Points | 2019 |
| Competitiveness Rank | 18 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -16.6 index points | Feb/23 |
| Private Debt To GDP | 477 % | 2021 |
| Retail Sales MoM | 0.8 % | Feb/23 |
| Retail Sales YoY | 5.1 % | Jan/23 |
| Consumer Credit | 1709 EUR Million | 1.858 USD Billion | Feb/23 |
| Consumer Spending | 4730 EUR Million | 5.142 USD Billion | 4Q/22 |
| Households Debt To GDP | 65.2 % | 3Q/22 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -11.3 % | Jan/23 |
