Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.10 1.1 1.1 1.09 1.09 1.08
Stock Market (points) 1325.09 1314 1288 1264 1239 1192
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.30 0.4 0.5 0.5 0.5 0.6
GDP Annual Growth Rate (%) 1.60 2.3 2.3 2.5 2.1 2.3
Unemployment Rate (%) 5.40 5.3 5.3 5.2 5.1 5
Inflation Rate (%) 1.70 1.7 1.9 1.8 1.5 1.7
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.48 -0.54 -0.78 -0.78 -0.78 -0.94
Current Account (EUR Million) 1378.20 -400 1370 1370 1370 1400
Current Account to GDP (%) 4.80 4.8 4.8 4.9 4.9 4.9
Government Debt to GDP (%) 21.40 20.5 20.5 20 20 20
Government Budget (% of GDP) 2.40 1.1 1.1 1.4 1.4 1.4
Business Confidence (Index Points) 104.50 105 105 106 106 102
Consumer Confidence (Index Points) -0.30 -1 -3 -2.2 -1.6 -1
Retail Sales Mom (%) 0.30 -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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.30 0.4 0.5 0.5 0.5 0.6
GDP Annual Growth Rate (%) 1.60 2.3 2.3 2.5 2.1 2.3
GDP (USD Billion) 69.49 72.1 72.1 74.5 74.5 74.5
GDP Constant Prices (EUR Million) 12433.90 12598 12678 12745 12695 12969
Gross Fixed Capital Formation (EUR Million) 2375.50 2446 2551 2435 2425 2610
GDP per capita (USD) 107243.20 109000 109000 109500 109500 109500
GDP per capita PPP (USD) 93734.28 95000 95000 95500 95500 95500
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.40 5.3 5.3 5.2 5.1 5
Wages (EUR/Month) 5301.25 5499 5150 5150 5150 5200
Minimum Wages (EUR/Month) 2071.07 2071 2071 2095 2095 2095
Population (Million) 0.60 0.61 0.61 0.62 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 Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.70 1.7 1.9 1.8 1.5 1.7
Consumer Price Index CPI (Index Points) 106.06 106 106 107 107 108
Core Consumer Prices (Index Points) 106.00 105 105 104 104 106
Producer Prices (Index Points) 103.61 109 107 107 106 109
Producer Prices Change (%) -3.80 0.5 0.8 1.1 1.5 1.8
Inflation Rate Mom (%) 1.17 0.3 0.4 0.4 0.4 0.7
Food Inflation (%) 1.62 1.3 1.5 1.5 1.5 2.2
CPI Transportation (Index Points) 105.40 106 105 105 106 107
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Billion) -0.48 -0.54 -0.78 -0.78 -0.78 -0.94
Current Account (EUR Million) 1378.20 -400 1370 1370 1370 1400
Current Account to GDP (%) 4.80 4.8 4.8 4.9 4.9 4.9
Imports (EUR Billion) 1.60 1.67 1.8 1.8 1.8 2
Exports (EUR Billion) 1.12 1.3 1.02 1.02 1.02 1.06
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 21.40 20.5 20.5 20 20 20
Government Budget (% of GDP) 2.40 1.1 1.1 1.4 1.4 1.4
Government Spending (EUR Million) 2189.70 2197 2235 2244 2236 2286
Government Spending to GDP (%) 43.10 43.6 43.6 44 44 44
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 104.50 105 105 106 106 102
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -0.30 -1 -3 -2.2 -1.6 -1
Retail Sales Mom (%) 0.30 -0.75 0.5 0.5 0.5 0.4
Retail Sales Yoy (%) 1.40 3 2.9 2.9 2.9 2.5
Consumer Spending (EUR Million) 3871.70 3926 3954 3968 3953 4045
Gasoline Prices (USD/Liter) 1.27 1.21 1.18 1.15 1.11 1.11
Bank Lending Rate (%) 1.60 1.65 1.65 1.65 1.65 1.65


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.