Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.21 1.21 1.21 1.21 1.2 1.19
Stock Market (points) 1624.34 1550 1491 1433 1378 1268

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 (%) 6.10 7.4 7.2 6.6 6.4 6.1
Inflation Rate (%) 2.50 2.7 2.3 2.5 2.1 1.9
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.60 -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 (% of GDP) 4.50 5 5 5 5.2 5.2
Government Debt to GDP (% of GDP) 24.90 25.5 25.5 25.5 25.5 26.2
Government Budget (% of GDP) -4.10 -1.7 -1.7 -1.7 -0.6 -0.6
Business Confidence (points) 120.20 101 102 103 103 105
Consumer Confidence (points) -1.60 -8 -9 -7 -7 -4
Retail Sales Mom (%) 1.00 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 12639 13465 13744 13744 14088
Gross Fixed Capital Formation (EUR Million) 2196.10 1937 2659 2269 2269 2325
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 (%) 6.10 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 (%) 2.50 2.7 2.3 2.5 2.1 1.9
Harmonised Consumer Prices (points) 109.02 109 109 111 111 111
Consumer Price Index CPI (points) 108.50 109 109 109 110 111
Core Consumer Prices (points) 107.79 106 107 107 107 107
Producer Prices (points) 107.33 111 109 110 112 113
Inflation Rate Mom (%) 0.30 0.7 0.7 0.7 0.7 0.7
Producer Prices Change (%) 2.20 3.3 9.8 11.2 5.5 3
CPI Transportation (points) 106.54 104 105 105 108 107
Food Inflation (%) 0.20 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) -0.60 -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 (% of GDP) 4.50 5 5 5 5.2 5.2
Imports (EUR Billion) 1.82 2 2 2 2 2
Exports (EUR Billion) 1.23 1.06 1.06 1.06 1.06 1.06

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 24.90 25.5 25.5 25.5 25.5 26.2
Government Budget (% of GDP) -4.10 -1.7 -1.7 -1.7 -0.6 -0.6
Government Budget Value (EUR Million) 1542.70 903 903 950 950 950
Government Spending (EUR Million) 2396.80 2499 2442 2476 2476 2538
Government Spending to GDP (% of GDP) 47.80 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 (%) 27.62 25.12 25.12 25.12 25.12 25.12
Social Security Rate For Companies (%) 15.17 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) 120.20 101 102 103 103 105

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -1.60 -8 -9 -7 -7 -4
Retail Sales Mom (%) 1.00 3 0.4 0.4 0.4 0.4
Retail Sales Yoy (%) 0.70 1.8 1.8 2 2 0.8
Consumer Spending (EUR Million) 3755.60 3238 3971 3880 3880 3977
Consumer Credit (EUR Million) 1760.00 1941 1924 1930 1789 1978
Bank Lending Rate (%) 1.37 1.41 1.41 1.41 1.41 1.41
Gasoline Prices (USD/Liter) 1.57 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.