Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 1345.37 1296 1276 1255 1236 1197
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.6 0.6 0.4 0.5 0.6
GDP Annual Growth Rate (%) 3.10 2.9 1.9 4.3 4.3 2.7
Unemployment Rate (%) 5.20 5.3 5.1 5 5.1 5
Inflation Rate (%) 1.90 1.7 1.8 1.6 1.9 1.8
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Billion) -0.60 -0.67 -0.37 -0.54 -0.78 -0.94
Current Account (EUR Million) -1381.90 -470 -400 998 1370 1400
Current Account to GDP (%) 4.90 3.5 3.5 3.5 3.5 3.1
Government Debt to GDP (%) 23.00 20 20 20 20 19
Government Budget (% of GDP) 1.50 2.2 2.2 2.2 2.2 2.5
Business Confidence (Index Points) 108.20 109 108 108 108 105
Consumer Confidence (Index Points) 15.60 14.6 15.2 15.7 16.1 12.8
Retail Sales Mom (%) 0.30 -0.75 -0.75 0.5 0.5 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.6 0.6 0.4 0.5 0.6
GDP Annual Growth Rate (%) 3.10 2.9 1.9 4.3 4.3 2.7
GDP (USD Billion) 62.40 72.1 72.1 72.1 72.1 74.5
GDP Constant Prices (EUR Million) 12370.00 12465 12414 12636 12902 13250
Gross Fixed Capital Formation (EUR Million) 2278.60 2518 2463 2328 2377 2441
GDP per capita (USD) 107865.27 109000 109000 109000 109000 109500
GDP per capita PPP (USD) 94277.97 97000 97000 97000 97000 98000
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.20 5.3 5.1 5 5.1 5
Wages (EUR/Month) 5301.25 5150 5499 5525 5150 5200
Minimum Wages (EUR/Month) 2071.07 2071 2071 2071 2071 2095
Population (Million) 0.60 0.61 0.61 0.61 0.61 0.62
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.90 1.7 1.8 1.6 1.9 1.8
Consumer Price Index CPI (Index Points) 104.32 105 106 106 107 109
Harmonised Consumer Prices (Index Points) 104.78 105 106 107 107 109
Core Consumer Prices (Index Points) 104.25 104 104 105 105 106
Producer Prices (Index Points) 107.68 107 107 112 110 112
Producer Prices Change (%) 5.10 2.8 2.5 2.4 2.2 2
Inflation Rate Mom (%) -0.32 0.4 0.5 0.3 0.4 0.7
Food Inflation (%) 2.35 1.9 1.6 1.3 1.5 2.2
CPI Transportation (Index Points) 102.86 103 105 105 106 108
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Billion) -0.60 -0.67 -0.37 -0.54 -0.78 -0.94
Current Account (EUR Million) -1381.90 -470 -400 998 1370 1400
Current Account to GDP (%) 4.90 3.5 3.5 3.5 3.5 3.1
Imports (EUR Billion) 1.80 1.86 1.67 1.62 1.8 2
Exports (EUR Billion) 1.21 1.19 1.3 1.08 1.02 1.06
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 23.00 20 20 20 20 19
Government Budget (% of GDP) 1.50 2.2 2.2 2.2 2.2 2.5
Government Budget Value (EUR Million) 839.20 739 761 782 804 903
Government Spending (EUR Million) 2137.10 2163 2146 2229 2229 2289
Government Spending to GDP (%) 42.90 42.2 42.2 42.9 42.2 42
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 108.20 109 108 108 108 105
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 15.60 14.6 15.2 15.7 16.1 12.8
Retail Sales Mom (%) 0.30 -0.75 -0.75 0.5 0.5 0.4
Retail Sales Yoy (%) 4.20 3.2 3 4.25 2.9 2.5
Consumer Spending (EUR Million) 3883.70 3879 3881 3967 4051 4160
Gasoline Prices (USD/Liter) 1.31 1.23 1.2 1.18 1.15 1.15
Bank Lending Rate (%) 1.68 1.7 1.7 1.75 1.8 1.8


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.