Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.19 1.18 1.18 1.18 1.17 1.16
Stock Market (points) 1546.75 1487 1430 1375 1322 1216

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.60 1 2.8 0.9 0.8 0.8
GDP Annual Growth Rate (%) 1.40 5.5 2.8 3.3 3.3 2.5
Unemployment Rate (%) 6.30 7.4 7.2 6.6 6.4 6.1
Inflation Rate (%) 2.00 2.7 2.3 2.5 2.1 1.9
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.50 -0.94 -0.94 -0.94 -0.94 -0.94
Current Account (EUR Million) -175.50 1400 1400 1150 1150 1150
Current Account to GDP (%) 4.50 4.6 4.6 4.6 4.6 4
Government Debt to GDP (%) 22.10 25.5 25.5 25.5 25.5 26.2
Government Budget (% of GDP) 2.20 -3.6 -3.6 -3.6 -3.6 -2.4
Business Confidence (points) 105.90 101 102 103 103 105
Consumer Confidence (points) -8.40 -8 -9 -7 -7 -4
Retail Sales Mom (%) 2.10 3 0.4 0.4 0.4 0.4
Corporate Tax Rate (%) 24.94 27.08 27.08 27.08 27.08 27.08
Personal Income Tax Rate (%) 45.78 48.78 45.78 48.78 48.78 48.78

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.60 1 2.8 0.9 0.8 0.8
GDP Annual Growth Rate (%) 1.40 5.5 2.8 3.3 3.3 2.5
GDP (USD Billion) 71.10 68.5 68.5 68.5 68.5 71.5
GDP Constant Prices (EUR Million) 13305.20 13305 12643 13294 13598 13938
Gross Fixed Capital Formation (EUR Million) 2196.10 2072 1919 2644 2619 2684
GDP per capita (USD) 111062.34 110000 110000 110000 110000 111500
GDP per capita PPP (USD) 114481.50 110000 110000 110000 110000 111200

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.30 7.4 7.2 6.6 6.4 6.1
Wages (EUR/Month) 5486.92 5200 5200 5200 5200 5200
Minimum Wages (EUR/Month) 2201.93 2202 2202 2202 2270 2270
Population (Million) 0.63 0.63 0.63 0.63 0.63 0.64
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 2022
Inflation Rate (%) 2.00 2.7 2.3 2.5 2.1 1.9
Harmonised Consumer Prices (points) 108.59 109 109 111 111 111
Consumer Price Index CPI (points) 108.14 107 109 110 109 111
Core Consumer Prices (points) 107.31 106 107 107 107 107
Producer Prices (points) 104.80 102 109 113 101 102
Inflation Rate Mom (%) 1.40 0.7 0.7 0.7 0.7 0.7
Producer Prices Change (%) 1.50 0.8 1.3 1.8 1.8 1.8
CPI Transportation (points) 105.82 102 104 109 105 107
Food Inflation (%) 1.24 0.8 1.2 1.8 1.6 2.2

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Billion) -0.50 -0.94 -0.94 -0.94 -0.94 -0.94
Current Account (EUR Million) -175.50 1400 1400 1150 1150 1150
Current Account to GDP (%) 4.50 4.6 4.6 4.6 4.6 4
Imports (EUR Billion) 1.47 2 2 2 2 2
Exports (EUR Billion) 0.97 1.06 1.06 1.06 1.06 1.06

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 22.10 25.5 25.5 25.5 25.5 26.2
Government Budget (% of GDP) 2.20 -3.6 -3.6 -3.6 -3.6 -2.4
Government Budget Value (EUR Million) 1542.70 903 903 950 950 950
Government Spending (EUR Million) 2396.80 2325 2461 2350 2460 2522
Government Spending to GDP (%) 42.60 46.5 46.5 46.5 46.5 46.5

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 24.94 27.08 27.08 27.08 27.08 27.08
Personal Income Tax Rate (%) 45.78 48.78 45.78 48.78 48.78 48.78
Sales Tax Rate (%) 17.00 17 17 17 17 17
Social Security Rate (%) 27.44 25.12 25.12 25.12 25.12 25.12
Social Security Rate For Companies (%) 14.99 12.67 14.99 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 2022
Business Confidence (points) 105.90 101 102 103 103 105

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -8.40 -8 -9 -7 -7 -4
Retail Sales Mom (%) 2.10 3 0.4 0.4 0.4 0.4
Retail Sales Yoy (%) 4.50 1.8 1.8 2 2 0.8
Consumer Spending (EUR Million) 3755.60 3851 3248 4142 3963 4062
Consumer Credit (EUR Million) 1837.00 1887 1941 1708 1930 1978
Bank Lending Rate (%) 1.45 1.45 1.45 1.45 1.45 1.45
Gasoline Prices (USD/Liter) 1.47 1.35 1.28 1.1 1.16 1.1


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.