Luxembourg | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.10 1.1 1.3 1.1 0.9 0.6 percent [+]
Unemployment Rate 6.20 6.1 6.1 6.1 6 5.2 percent [+]
Inflation Rate 1.70 1.2 1.4 1.5 1.7 2.2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -0.37 -0.49 -0.47 -0.48 -0.48 -0.48 EUR Billion [+]
Government Debt to GDP 21.40 22.42 21.89 21.36 20.82 19.69 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 1766.36 1640 1630 1610 1590 1340 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate -0.10 1.1 1.3 1.1 0.9 0.6 percent [+]
GDP Annual Growth Rate 4.80 4.1 3.8 3.7 3.6 2.7 percent [+]
GDP 57.79 62.47 63.1 60.05 66.33 75.88 USD Billion [+]
GDP Constant Prices 11633.40 11635 12051 11636 12049 12041 EUR Million [+]
Gross Fixed Capital Formation 2281.90 2397 2393 2409 2393 2396 EUR Million [+]
GDP per capita 106408.57 105669 106899 108130 109360 116817 USD [+]
GDP per capita PPP 93552.60 92454 93712 94970 96228 101080 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.20 6.1 6.1 6.1 6 5.2 percent [+]
Employed Persons 424642.00 428008 428704 431428 433909 462792 [+]
Unemployed Persons 17792.00 17791 17042 17063 17362 17258 [+]
Long Term Unemployment Rate 2.60 2.39 2.41 2.4 2.35 2.39 percent [+]
Youth Unemployment Rate 19.90 17.58 17.6 17.61 17.61 17.62 percent [+]
Labour Costs 124.95 111 107 108 108 108 Index Points [+]
Job Vacancies 4130.00 3998 3908 3998 3908 3908 Thousand [+]
Wages 4212.00 4260 4290 4320 4344 5029 EUR/Month [+]
Minimum Wages 1998.59 1967 1967 1967 1967 2131 EUR/Month [+]
Population 0.58 2.2 2.21 2.21 2.22 7.07 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.70 0.66 0.66 0.66 0.67 0.68 percent [+]
Employment Rate 65.10 65.14 65.22 65.15 65.2 65.18 percent [+]
Full Time Employment 204.00 209 210 210 210 219 Thousand [+]
Labor Force Participation Rate 59.10 58.92 58.97 58.93 58.94 58.94 percent [+]
Wages In Manufacturing 119.30 102 107 104 106 105 Index Points [+]
Productivity 100.20 103 103 101 104 103 Index Points [+]
Part Time Employment 52.10 48.5 50.53 52.34 51.5 56.53 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.70 1.2 1.4 1.5 1.7 2.2 percent [+]
Harmonised Consumer Prices 100.59 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 100.39 101 101 101 101 101 Index Points [+]
Core Consumer Prices 101.58 102 102 102 102 102 Index Points [+]
Core Inflation Rate 1.20 1.06 1.06 1.06 1.06 1.06 percent [+]
GDP Deflator 109.52 109 110 110 111 110 Index Points [+]
Producer Prices 100.22 102 104 106 108 122 Index Points [+]
Food Inflation 2.60 2.71 3.06 3.23 3.28 3.32 percent [+]
Cpi Transportation 100.71 101 100 100 100 100 Index Points [+]
Inflation Rate Mom -0.64 -0.32 0.29 -0.3 0.27 0.19 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 3.00 2.99 2.99 2.99 2.99 2.99 EUR Billion [+]
Money Supply M1 220.40 225 229 233 236 280 EUR Billion [+]
Money Supply M2 260.50 261 262 262 262 262 EUR Billion [+]
Money Supply M3 332.40 334 334 334 334 334 EUR Billion [+]
Foreign Exchange Reserves 893.16 896 905 903 903 903 EUR Million [+]
Banks Balance Sheet 1065846.00 1029573 1025086 1020668 1016316 968716 EUR Million [+]
Loans to Private Sector 21201.56 21191 21229 21227 21227 21227 EUR Million [+]
Central Bank Balance Sheet 201068.00 202361 201727 201404 201289 201234 EUR Million [+]
Private Debt To Gdp 494.45 523 518 514 509 575 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -0.37 -0.49 -0.47 -0.48 -0.48 -0.48 EUR Billion [+]
Exports 1.03 1.01 1 1 1 1 EUR Billion [+]
Imports 1.40 1.47 1.47 1.47 1.47 1.47 EUR Billion [+]
Current Account 422.00 612 746 701 700 700 EUR Million [+]
Current Account to GDP 4.80 5.3 5.3 5.32 5.19 2.5 percent [+]
External Debt 3494194.97 4528 4524 4518 4514 4474 EUR Million [+]
Capital Flows 148.80 229 220 235 236 234 EUR Million [+]
Remittances 16.00 17.77 18.4 18.86 18.29 18.32 EUR Million [+]
Gold Reserves 2.24 2.23 2.23 2.23 2.23 2.23 Tonnes [+]
Foreign Direct Investment 2025.70 80090 68622 52717 39126 50681 EUR Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 21.40 22.42 21.89 21.36 20.82 19.69 percent [+]
Government Budget 1.20 0.8 0.8 0.8 0.6 1.3 percent of GDP [+]
Government Budget Value 647.80 544 436 327 219 456 EUR Million [+]
Government Spending 1989.00 2014 2028 2040 2052 2200 EUR Million [+]
Government Spending to GDP 41.50 42.58 42.36 42.15 41.93 42.89 percent [+]
Government Revenues 22295.30 22635 22807 22980 23152 26545 EUR Million [+]
Fiscal Expenditure 21647.50 21781 21944 22108 22271 24745 EUR Million [+]
Asylum Applications 165.00 168 198 173 193 185 persons [+]
Military Expenditure 361.80 310 327 343 340 337 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 108.50 110 110 110 110 110 [+]
Industrial Production -4.69 0.16 -3.09 -1.3 -1.38 0.34 percent [+]
Manufacturing Production -6.90 -6.09 -6.21 -6.13 -6.1 -6.09 percent [+]
Capacity Utilization 82.60 82.01 81.85 81.81 81.08 81.29 percent [+]
New Orders 83.40 92.4 89.77 92.28 89.89 90.4 Index Points [+]
Changes in Inventories 0.97 0.51 0.58 0.65 0.72 0.77 EUR Billion [+]
Bankruptcies 0.75 43.56 -73.76 -191 -308 -644 Companies [+]
Car Registrations 3065.00 4112 4060 4142 4134 4124 Cars [+]
Competitiveness Index 5.20 5.18 5.18 5.18 5.18 5.09 Points [+]
Competitiveness Rank 20.00 18.77 18.77 26.17 28.63 40.28 [+]
Ease of Doing Business 59.00 58.12 57.75 57.39 57.02 58.18 [+]
Electricity Production 38.00 60.75 61 56.99 57.66 58.05 Gigawatt-hour [+]
Corruption Index 81.00 81 81 80 80 83 Points [+]
Corruption Rank 10.00 11 11 12 12 11 [+]
Steel Production 125.00 183 143 164 145 146 Thousand Tonnes [+]
Mining Production -20.70 -3.65 -3.42 -3.26 -3.22 -3.21 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 9.40 9.82 9.9 10.02 10 10 [+]
Retail Sales Mom 1.90 1.1 1.1 0.99 3 2.4 percent [+]
Retail Sales Yoy -1.70 1.1 1.03 0.99 0.98 0.98 percent [+]
Consumer Spending 3529.10 3574 3608 3613 3631 3817 EUR Million [+]
Personal Savings 17.39 18.82 19.18 19.55 19.92 18.98 percent [+]
Consumer Credit 1468.00 1457 1471 1477 1478 1477 EUR Million [+]
Bank Lending Rate 1.73 1.71 1.7 1.7 1.7 1.7 percent [+]
Gasoline Prices 1.28 1.27 1.27 1.26 1.26 1.26 USD/Liter [+]
Households Debt To Gdp 59.50 58.12 58.28 58.49 58.67 60.94 percent of GDP [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 1.60 3.33 2.6 3.17 3.2 3.19 percent [+]
Housing Index 133.49 135 137 138 140 157 Index points [+]
Building Permits 646.00 402 402 402 402 402 [+]
Home Ownership Rate 73.20 72.52 72.63 72.74 72.85 72.35 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 29.22 29.22 29.22 29.22 29.22 29.22 percent [+]
Personal Income Tax Rate 43.60 43.6 43.6 43.6 43.6 43.6 percent [+]
Sales Tax Rate 17.00 17 17 17 17 17 percent [+]
Social Security Rate 25.62 25.62 25.62 25.62 25.62 25.62 percent [+]
Social Security Rate For Companies 12.67 12.67 12.67 12.67 12.67 12.67 percent [+]
Social Security Rate For Employees 12.95 12.95 12.95 12.95 12.95 12.95 percent [+]





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. 2/28/2017