Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.18 1.17 1.17 1.16 1.16 1.14
Stock Market (points) 1592.19 1563 1508 1454 1402 1305

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.40 2.8 0.9 0.8 0.8 0.8
GDP Annual Growth Rate (%) 4.90 2.8 3.3 2.3 4 2.5
Unemployment Rate (%) 5.70 6.2 6.6 6.4 6.3 6.1
Inflation Rate (%) 2.20 2.3 2.5 2.1 2.1 1.9
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Billion) -0.65 -0.94 -0.94 -0.94 -0.94 -0.94
Current Account (EUR Million) 352.00 1400 1150 1150 1150 1150
Current Account to GDP (% of GDP) 4.50 5 5 5.2 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 -0.6 -0.6 -0.6
Business Confidence (points) 121.90 102 103 103 103 105
Consumer Confidence (points) 1.10 -1 -3 -3 -5 -4
Retail Sales Mom (%) -0.70 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 48.78 48.78 48.78 48.78

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.40 2.8 0.9 0.8 0.8 0.8
GDP Annual Growth Rate (%) 4.90 2.8 3.3 2.3 4 2.5
GDP (USD Billion) 73.26 68.5 68.5 68.5 68.5 71.5
GDP Constant Prices (EUR Million) 13529.30 12881 13294 13778 13840 14122
Gross Fixed Capital Formation (EUR Million) 2250.40 1909 2644 2332 2302 2390
GDP per capita (USD) 107562.83 110000 110000 110000 110000 111500
GDP per capita PPP (USD) 110261.16 110000 110000 110000 110000 111200

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.70 6.2 6.6 6.4 6.3 6.1
Wages (EUR/Month) 5486.92 5200 5200 5200 5200 5200
Minimum Wages (EUR/Month) 2201.93 2202 2202 2270 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 Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.20 2.3 2.5 2.1 2.1 1.9
Harmonised Consumer Prices (points) 109.35 109 111 111 111 111
Consumer Price Index CPI (points) 108.68 109 109 110 111 111
Core Consumer Prices (points) 107.92 106 107 107 107 107
Producer Prices (points) 108.88 110 113 110 112 113
Inflation Rate Mom (%) 0.20 0.7 0.7 0.7 0.7 0.7
Producer Prices Change (%) 2.00 9.8 11.2 5.5 3.5 3
CPI Transportation (points) 106.96 105 105 108 109 107
Food Inflation (%) 0.00 1.2 1.8 1.6 1.6 2.2

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

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Billion) -0.65 -0.94 -0.94 -0.94 -0.94 -0.94
Current Account (EUR Million) 352.00 1400 1150 1150 1150 1150
Current Account to GDP (% of GDP) 4.50 5 5 5.2 5.2 5.2
Imports (EUR Billion) 1.74 2 2 2 2 2
Exports (EUR Billion) 1.09 1.06 1.06 1.06 1.06 1.06

Government Actual Q3 Q4 Q1 Q2 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 -0.6 -0.6 -0.6
Government Budget Value (EUR Million) 1542.70 903 950 950 950 950
Government Spending (EUR Million) 2487.00 2541 2350 2476 2544 2538
Government Spending to GDP (% of GDP) 47.80 46.5 46.5 46.5 46.5 46.5

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 24.94 27.08 27.08 27.08 27.08 27.08
Personal Income Tax Rate (%) 45.78 48.78 48.78 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 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 2022
Business Confidence (points) 121.90 102 103 103 103 105

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 1.10 -1 -3 -3 -5 -4
Retail Sales Mom (%) -0.70 3 0.4 0.4 0.4 0.4
Retail Sales Yoy (%) 0.70 1.8 2 2 2 0.8
Consumer Spending (EUR Million) 3691.40 3284 4142 3893 3776 3990
Consumer Credit (EUR Million) 1717.00 1978 1708 1930 1772 1978
Bank Lending Rate (%) 1.41 1.41 1.41 1.41 1.41 1.41
Gasoline Prices (USD/Liter) 1.59 1.51 1.44 1.36 1.29 1.23


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.