Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.11 1.11 1.1 1.1 1.1 1.09
Stock Market (points) 1374.64 1346 1320 1294 1269 1220
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.5 0.5 0.5 0.6 0.6
GDP Annual Growth Rate (%) 3.00 2.5 2.1 2.2 2.3 2.3
Unemployment Rate (%) 5.40 5.3 5.4 5.3 5.3 5.2
Inflation Rate (%) 1.70 1.4 1.6 1.8 1.6 2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.54 -0.78 -0.78 -0.78 -0.94 -0.94
Current Account (EUR Million) -271.60 250 620 -260 1400 1150
Current Account to GDP (%) 4.80 4.9 4.9 4.9 4.9 4.6
Government Debt to GDP (%) 21.40 20 20 20 20 19.5
Government Budget (% of GDP) 2.40 1.4 1.4 1.4 1.4 1.3
Business Confidence (points) 105.00 101 102 102 102 104
Consumer Confidence (points) -1.10 -2.2 -1.6 -1.8 -1 0.5
Retail Sales Mom (%) 0.00 0.5 0.5 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.5 0.5 0.5 0.6 0.6
GDP Annual Growth Rate (%) 3.00 2.5 2.1 2.2 2.3 2.3
GDP (USD Billion) 69.49 74.5 74.5 74.5 74.5 77.5
GDP Constant Prices (EUR Million) 13084.90 12589 13266 13229 13386 13694
Gross Fixed Capital Formation (EUR Million) 2417.50 2405 2322 2444 2473 2530
GDP per capita (USD) 107243.20 109500 109500 109500 109500 110000
GDP per capita PPP (USD) 93734.28 95500 95500 95500 95500 95700
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.40 5.3 5.4 5.3 5.3 5.2
Wages (EUR/Month) 5382.90 5150 5150 5150 5200 5200
Minimum Wages (EUR/Month) 2071.07 2095 2095 2095 2095 2115
Population (Million) 0.60 0.62 0.62 0.62 0.62 0.63
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 (%) 1.70 1.4 1.6 1.8 1.6 2
Consumer Price Index CPI (points) 106.08 107 107 108 108 110
Harmonised Consumer Prices (points) 106.68 107 107 107 109 111
Core Consumer Prices (points) 106.09 106 106 107 107 108
Producer Prices (points) 103.52 106 106 105 105 108
Producer Prices Change (%) -3.80 1.1 1.5 1.5 1.8 2.2
Inflation Rate Mom (%) 0.14 0.4 0.4 0.4 0.7 0.7
Food Inflation (%) 1.22 1.5 1.5 1.5 2.2 2.2
CPI Transportation (points) 105.18 105 106 107 106 109
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Billion) -0.54 -0.78 -0.78 -0.78 -0.94 -0.94
Current Account (EUR Million) -271.60 250 620 -260 1400 1150
Current Account to GDP (%) 4.80 4.9 4.9 4.9 4.9 4.6
Imports (EUR Billion) 1.73 1.8 1.8 1.8 2 2
Exports (EUR Billion) 1.18 1.02 1.02 1.02 1.06 1.06
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 21.40 20 20 20 20 19.5
Government Budget (% of GDP) 2.40 1.4 1.4 1.4 1.4 1.3
Government Budget Value (EUR Million) 1600.00 903 903 903 903 950
Government Spending (EUR Million) 2240.00 2217 2219 2265 2292 2344
Government Spending to GDP (%) 43.10 44 44 44 44 44.4
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 (points) 105.00 101 102 102 102 104
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) -1.10 -2.2 -1.6 -1.8 -1 0.5
Retail Sales Mom (%) 0.00 0.5 0.5 0.4 0.4 0.4
Retail Sales Yoy (%) 4.40 2.9 2.9 2.9 2.5 2.5
Consumer Spending (EUR Million) 3897.10 3920 3923 3940 3987 4078
Consumer Credit (EUR Million) 1841.00 1789 1782 1785 1840 1883
Gasoline Prices (USD/Liter) 1.28 1.41 1.44 1.48 1.51 1.51
Bank Lending Rate (%) 1.62 1.63 1.63 1.63 1.63 1.63


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.