Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.14 1.11 1.11 1.1 1.1 1.08
Stock Market (points) 1279.08 1207 1186 1165 1144 1104
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.30 0.6 0.4 0.5 0.5 0.6
GDP Annual Growth Rate (%) 1.60 1.9 2.3 2.3 2.5 2.3
Unemployment Rate (%) 5.50 5.1 5 5.1 4.9 5
Inflation Rate (%) 2.10 1.8 1.6 1.9 1.7 1.8
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (EUR Billion) -0.53 -0.37 -0.54 -0.78 -0.78 -0.94
Current Account (EUR Million) 725.20 -400 998 1370 1370 1400
Current Account to GDP (%) 4.80 4.8 4.8 4.8 4.9 4.9
Government Debt to GDP (%) 21.40 20.5 20.5 20.5 20 20
Government Budget (% of GDP) 2.40 1.1 1.1 1.1 1.4 1.4
Business Confidence (Index Points) 105.10 105 105 105 106 102
Consumer Confidence (Index Points) 0.30 -3 -2.6 -3.2 -3.8 -3
Retail Sales Mom (%) 0.80 -0.75 0.5 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.30 0.6 0.4 0.5 0.5 0.6
GDP Annual Growth Rate (%) 1.60 1.9 2.3 2.3 2.5 2.3
GDP (USD Billion) 62.40 72.1 72.1 72.1 74.5 74.5
GDP Constant Prices (EUR Million) 12433.90 12530 12655 12654 12679 12945
Gross Fixed Capital Formation (EUR Million) 2375.50 2487 2331 2517 2522 2575
GDP per capita (USD) 107865.27 109000 109000 109000 109500 109500
GDP per capita PPP (USD) 94277.97 97000 97000 97000 98000 98000
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.50 5.1 5 5.1 4.9 5
Wages (EUR/Month) 5301.25 5499 5525 5150 5150 5200
Minimum Wages (EUR/Month) 2071.07 2071 2071 2071 2095 2095
Population (Million) 0.60 0.61 0.61 0.61 0.62 0.62
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.10 1.8 1.6 1.9 1.7 1.8
Consumer Price Index CPI (Index Points) 105.62 106 106 106 107 108
Core Consumer Prices (Index Points) 105.26 104 105 105 104 106
Producer Prices (Index Points) 105.14 110 111 108 108 110
Producer Prices Change (%) 0.40 2.5 2.4 2.2 2.2 2
Inflation Rate Mom (%) 0.30 0.5 0.3 0.4 0.4 0.7
Food Inflation (%) 1.45 1.6 1.3 1.5 1.5 2.2
CPI Transportation (Index Points) 104.92 105 105 105 105 107
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Billion) -0.53 -0.37 -0.54 -0.78 -0.78 -0.94
Current Account (EUR Million) 725.20 -400 998 1370 1370 1400
Current Account to GDP (%) 4.80 4.8 4.8 4.8 4.9 4.9
Imports (EUR Billion) 1.74 1.67 1.62 1.8 1.8 2
Exports (EUR Billion) 1.20 1.3 1.08 1.02 1.02 1.06
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 21.40 20.5 20.5 20.5 20 20
Government Budget (% of GDP) 2.40 1.1 1.1 1.1 1.4 1.4
Government Spending (EUR Million) 2189.70 2146 2186 2236 2241 2288
Government Spending to GDP (%) 43.10 43.6 43.6 43.6 44 44
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 105.10 105 105 105 106 102
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 0.30 -3 -2.6 -3.2 -3.8 -3
Retail Sales Mom (%) 0.80 -0.75 0.5 0.5 0.5 0.4
Retail Sales Yoy (%) 4.10 3 4.25 2.9 2.9 2.5
Consumer Spending (EUR Million) 3871.70 3917 3973 3942 3950 4033
Gasoline Prices (USD/Liter) 1.28 1.25 1.22 1.19 1.16 1.16
Bank Lending Rate (%) 1.68 1.73 1.73 1.73 1.98 1.98


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.