Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.19 1.18 1.18 1.17 1.17 1.16
Stock Market (points) 1007.81 982 944 908 873 803

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.90 3.6 1 1.2 0.6 0.6
GDP Annual Growth Rate (%) -0.20 -4.1 -2.9 2.8 5.5 4.3
Unemployment Rate (%) 7.00 7.3 7.5 7.4 7.3 6.8
Inflation Rate (%) 0.90 0.6 0.8 1 1.8 1.6
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.41 -0.78 -0.94 -0.94 -0.94 -0.94
Current Account (EUR Million) 955.70 -260 1400 1400 1400 1150
Current Account to GDP (%) 4.50 4.9 4.9 4.6 4.6 4.6
Government Debt to GDP (%) 22.10 23 23 25.5 25.5 25.5
Government Budget (% of GDP) 2.20 -2.8 -2.8 -3.6 -3.6 -3.6
Business Confidence (points) 98.90 95 98 100 101 103
Consumer Confidence (points) -12.70 -12 -10 -9 -8 -7
Retail Sales Mom (%) 9.40 0.4 0.4 0.4 0.4 0.4
Corporate Tax Rate (%) 27.08 27.08 27.08 27.08 27.08 27.08
Personal Income Tax Rate (%) 48.78 48.78 48.78 48.78 48.78 48.78

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.90 3.6 1 1.2 0.6 0.6
GDP Annual Growth Rate (%) -0.20 -4.1 -2.9 2.8 5.5 4.3
GDP (USD Billion) 71.10 67 67 68.5 68.5 68.5
GDP Constant Prices (EUR Million) 12738.20 12807 12741 13095 13439 13289
Gross Fixed Capital Formation (EUR Million) 2033.00 2388 2454 2090 2145 2560
GDP per capita (USD) 111062.34 109500 109500 110000 110000 110000
GDP per capita PPP (USD) 114481.50 108000 108000 110000 110000 110000

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 7.00 7.3 7.5 7.4 7.3 6.8
Wages (EUR/Month) 5382.90 5150 5200 5200 5200 5200
Minimum Wages (EUR/Month) 2071.07 2095 2095 2095 2095 2115
Population (Million) 0.61 0.62 0.62 0.63 0.63 0.63
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.90 0.6 0.8 1 1.8 1.6
Harmonised Consumer Prices (points) 105.72 107 109 109 109 111
Consumer Price Index CPI (points) 105.82 107 107 107 108 109
Core Consumer Prices (points) 106.71 107 107 107 107 108
Producer Prices (points) 107.59 105 106 104 107 108
Inflation Rate Mom (%) -0.49 0.4 0.7 0.7 0.7 0.7
Producer Prices Change (%) 3.50 1.5 1.8 1.8 1.8 2.2
CPI Transportation (points) 102.48 106 106 103 103 108
Food Inflation (%) 2.27 1.5 2.2 2.2 2.2 2.2

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (EUR Billion) -0.41 -0.78 -0.94 -0.94 -0.94 -0.94
Current Account (EUR Million) 955.70 -260 1400 1400 1400 1150
Current Account to GDP (%) 4.50 4.9 4.9 4.6 4.6 4.6
Imports (EUR Billion) 1.31 1.8 2 2 2 2
Exports (EUR Billion) 0.90 1.02 1.06 1.06 1.06 1.06

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 22.10 23 23 25.5 25.5 25.5
Government Budget (% of GDP) 2.20 -2.8 -2.8 -3.6 -3.6 -3.6
Government Budget Value (EUR Million) 1600.00 903 903 903 903 950
Government Spending (EUR Million) 2261.90 2192 2203 2325 2386 2298
Government Spending to GDP (%) 42.60 50.5 50.5 46.5 46.5 46.5

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 27.08 27.08 27.08 27.08 27.08 27.08
Personal Income Tax Rate (%) 48.78 48.78 48.78 48.78 48.78 48.78
Sales Tax Rate (%) 17.00 17 17 17 17 17
Social Security Rate (%) 25.12 25.12 25.12 25.12 25.12 25.12
Social Security Rate For Companies (%) 12.67 12.67 12.67 12.67 12.67 12.67
Social Security Rate For Employees (%) 12.45 12.45 12.45 12.45 12.45 12.45

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 98.90 95 98 100 101 103

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -12.70 -12 -10 -9 -8 -7
Retail Sales Mom (%) 9.40 0.4 0.4 0.4 0.4 0.4
Retail Sales Yoy (%) -33.00 1 1.5 1.5 1.8 2
Consumer Spending (EUR Million) 3725.30 3820 3817 3830 3930 3981
Consumer Credit (EUR Million) 1840.00 1730 1640 1887 1879 1711
Bank Lending Rate (%) 1.54 1.68 1.68 1.68 1.68 1.68
Gasoline Prices (USD/Liter) 1.35 1.22 1.16 1.1 1.04 0.99


This page has economic forecasts for Luxembourg including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Luxembourg economy.