Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1.13 1.13 1.12 1.12 1.11 1.11
Stock Market (points) 1088.96 1048 1008 969 932 857

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.40 -4.2 -2.8 1.2 0.6 0.6
GDP Annual Growth Rate (%) 3.10 -7.5 -5.5 -2.3 -1 1.8
Unemployment Rate (%) 6.90 6.5 7.2 7.5 7.7 6.8
Inflation Rate (%) 0.60 1.6 1.8 1.6 1.6 2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.52 -0.78 -0.78 -0.94 -0.94 -0.94
Current Account (EUR Million) 4540.30 620 -260 1400 1400 1150
Current Account to GDP (%) 4.50 4.9 4.9 4.9 4.6 4.6
Government Debt to GDP (%) 22.10 23 23 23 25.5 25.5
Government Budget (% of GDP) 2.20 -2.8 -2.8 -2.8 -3.6 -3.6
Business Confidence (points) 87.80 82 86 87 89 92
Consumer Confidence (points) -16.20 -16 -14 -12 -10 -7
Retail Sales Mom (%) -12.00 0.5 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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.40 -4.2 -2.8 1.2 0.6 0.6
GDP Annual Growth Rate (%) 3.10 -7.5 -5.5 -2.3 -1 1.8
GDP (USD Billion) 72.10 67.62 74.5 74.5 77.5 77.5
GDP Constant Prices (EUR Million) 13117.50 12538 12700 12816 12986 13046
Gross Fixed Capital Formation (EUR Million) 2526.90 2293 2374 2469 2502 2513
GDP per capita (USD) 107243.20 100605 109500 109500 110000 110000
GDP per capita PPP (USD) 93734.28 95500 95500 95500 87933 95700

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 6.90 6.5 7.2 7.5 7.7 6.8
Wages (EUR/Month) 5382.90 5150 5150 5200 5200 5200
Minimum Wages (EUR/Month) 2071.07 2095 2095 2095 2095 2115
Population (Million) 0.61 0.62 0.62 0.62 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 Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 0.60 1.6 1.8 1.6 1.6 2
Harmonised Consumer Prices (points) 105.10 107 107 109 109 111
Consumer Price Index CPI (points) 105.98 107 108 108 108 110
Core Consumer Prices (points) 106.46 106 107 107 108 108
Producer Prices (points) 104.20 106 105 106 104 108
Inflation Rate Mom (%) -0.65 0.4 0.4 0.7 0.7 0.7
Producer Prices Change (%) -0.90 1.5 1.5 1.8 1.8 2.2
CPI Transportation (points) 100.24 106 107 107 103 109
Food Inflation (%) 4.27 1.5 1.5 2.2 2.2 2.2

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

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (EUR Billion) -0.52 -0.78 -0.78 -0.94 -0.94 -0.94
Current Account (EUR Million) 4540.30 620 -260 1400 1400 1150
Current Account to GDP (%) 4.50 4.9 4.9 4.9 4.6 4.6
Imports (EUR Billion) 1.57 1.8 1.8 2 2 2
Exports (EUR Billion) 1.05 1.02 1.02 1.06 1.06 1.06

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 22.10 23 23 23 25.5 25.5
Government Budget (% of GDP) 2.20 -2.8 -2.8 -2.8 -3.6 -3.6
Government Budget Value (EUR Million) 1600.00 903 903 903 903 950
Government Spending (EUR Million) 2267.40 2116 2176 2215 2245 2255
Government Spending to GDP (%) 42.60 50.5 50.5 50.5 46.5 46.5

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) 87.80 82 86 87 89 92

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) -16.20 -16 -14 -12 -10 -7
Retail Sales Mom (%) -12.00 0.5 0.4 0.4 0.4 0.4
Retail Sales Yoy (%) 5.30 -7.5 1 1.5 2.5 2
Consumer Spending (EUR Million) 3918.30 3757 3803 3828 3879 3897
Consumer Credit (EUR Million) 1781.00 1697 1717 1650 1851 1680
Bank Lending Rate (%) 1.66 1.69 1.69 1.69 1.69 1.69
Gasoline Prices (USD/Liter) 1.26 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.