Luxembourg | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.60 1.4 1.1 1.3 1.1 0.6 percent [+]
Unemployment Rate 6.30 6.2 6 6.1 6.16 5.2 percent [+]
Inflation Rate 0.50 0.6 0.7 0.9 1.1 2.3 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -0.43 -0.44 -0.43 -0.43 -0.43 -0.43 EUR Billion [+]
Government Debt to GDP 21.40 20.82 20.66 20.49 20.32 19.69 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 1633.03 1590 1580 1560 1550 1290 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.60 1.4 1.1 1.3 1.1 0.6 percent [+]
GDP Annual Growth Rate 4.40 4 4.1 3.8 3.7 2.7 percent [+]
GDP 57.79 61.84 62.47 63.1 61.73 75.88 USD Billion [+]
GDP Constant Prices 11952.50 12028 11997 12134 12153 13053 EUR Million [+]
Gross Fixed Capital Formation 2502.20 2284 2256 2245 2232 2223 EUR Million [+]
GDP per capita 106408.57 109360 109845 110330 110815 116817 USD [+]
GDP per capita PPP 93552.60 96228 96565 96901 97238 101080 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 6.30 6.2 6 6.1 6.16 5.2 percent [+]
Employed Persons 423609.10 422693 426399 428291 430809 462188 [+]
Unemployed Persons 16819.00 16925 16822 16663 16719 16749 [+]
Long Term Unemployment Rate 2.20 2.1 2.15 2.12 2.12 2.13 percent [+]
Youth Unemployment Rate 17.40 17.52 17.58 17.6 17.61 17.62 percent [+]
Labour Costs 120.96 109 106 107 107 107 Index Points [+]
Job Vacancies 4130.00 3908 3998 3908 3998 3908 Thousand [+]
Wages 4212.00 4260 4290 4320 4344 5029 EUR/Month [+]
Minimum Wages 1922.96 1923 1923 1923 1923 1923 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 0.67 0.66 0.66 0.66 0.68 percent [+]
Employment Rate 65.20 65.25 65.14 65.22 65.15 65.18 percent [+]
Full Time Employment 206.90 210 212 212 213 225 Thousand [+]
Labor Force Participation Rate 58.60 58.56 58.62 58.62 58.6 58.61 percent [+]
Wages In Manufacturing 100.50 113 104 108 106 107 Index Points [+]
Productivity 103.20 105 103 103 101 103 Index Points [+]
Part Time Employment 50.10 47.8 47.58 50.21 49.8 55.02 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.50 0.6 0.7 0.9 1.1 2.3 percent [+]
Harmonised Consumer Prices 100.77 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 100.72 101 101 101 101 101 Index Points [+]
Core Consumer Prices 101.51 102 101 102 101 102 Index Points [+]
Core Inflation Rate 0.80 0.84 0.84 0.84 0.84 0.84 percent [+]
GDP Deflator 108.03 110 108 108 107 108 Index Points [+]
Producer Prices 101.99 102 102 102 102 102 Index Points [+]
Food Inflation 1.10 1.1 0.91 0.79 0.77 0.74 percent [+]
Cpi Transportation 99.96 100 99.86 100 99.99 100 Index Points [+]
Inflation Rate Mom -0.03 0.77 0.08 0.68 0 0.49 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 3.00 2.96 2.92 2.89 2.86 2.58 EUR Billion [+]
Money Supply M1 213.30 225 233 242 251 390 EUR Billion [+]
Money Supply M2 257.30 264 270 277 284 386 EUR Billion [+]
Money Supply M3 319.70 336 345 354 363 478 EUR Billion [+]
Foreign Exchange Reserves 931.78 935 939 937 938 938 EUR Million [+]
Banks Balance Sheet 1025328.00 1034130 1029573 1025086 1020668 968716 EUR Million [+]
Loans to Private Sector 21441.45 21183 21124 21130 21129 21129 EUR Million [+]
Central Bank Balance Sheet 178753.00 179091 178711 178578 178541 178527 EUR Million [+]
Private Debt To Gdp 494.45 523 518 514 509 575 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -0.43 -0.44 -0.43 -0.43 -0.43 -0.43 EUR Billion [+]
Exports 1.06 1.02 1.02 1.02 1.02 1.02 EUR Billion [+]
Imports 1.51 1.44 1.43 1.43 1.43 1.43 EUR Billion [+]
Current Account 284.00 612 746 701 700 700 EUR Million [+]
Current Account to GDP 4.80 5.3 5.3 5.3 5.34 2.5 percent [+]
External Debt 4546.92 4540 4528 4524 4518 4474 EUR Million [+]
Capital Flows 16.50 302 269 272 277 275 EUR Million [+]
Remittances 16.00 18.31 17.77 18.4 18.86 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 21.40 20.82 20.66 20.49 20.32 19.69 percent [+]
Government Budget 1.20 0.8 0.8 0.8 0.56 1.3 percent of GDP [+]
Government Budget Value 647.80 219 197 175 153 456 EUR Million [+]
Government Spending 1980.70 2000 2012 2025 2037 2195 EUR Million [+]
Government Spending to GDP 41.50 41.93 42.2 42.46 42.72 42.89 percent [+]
Government Revenues 22295.30 23152 23365 23579 23792 26545 EUR Million [+]
Fiscal Expenditure 21647.50 22271 22438 22605 22772 24745 EUR Million [+]
Asylum Applications 120.00 129 119 127 120 124 persons [+]
Military Expenditure 361.80 310 327 343 340 337 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 105.30 105 105 105 106 106 [+]
Industrial Production 2.81 5 0.16 -3.09 -1.3 0.34 percent [+]
Manufacturing Production 3.60 2.02 1.8 1.24 1.46 1.36 percent [+]
Capacity Utilization 81.30 77.41 81.99 81.14 81.1 80.68 percent [+]
New Orders 83.40 89.64 92.4 89.77 92.28 90.4 Index Points [+]
Changes in Inventories 0.97 0.65 0.63 0.62 0.61 0.58 EUR Billion [+]
Bankruptcies 0.75 -308 -350 -392 -434 -644 Companies [+]
Car Registrations 4275.00 4314 4112 4060 4142 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 58.49 57.75 57.39 57.02 58.18 [+]
Electricity Production 33.00 67.7 72.13 65.09 65.46 66.36 Gigawatt-hour [+]
Corruption Index 81.00 81 81 80 80 83 Points [+]
Corruption Rank 10.00 11 11 12 12 11 [+]
Steel Production 200.00 168 202 178 203 178 Thousand Tonnes [+]
Mining Production -23.50 -2.85 -3.65 -3.42 -3.26 -3.21 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 10.30 10.53 9.73 9.44 9.44 9.46 [+]
Retail Sales Mom 0.30 3.2 1.1 1.1 1.13 2.4 percent [+]
Retail Sales Yoy 3.40 1.25 1.1 1.03 0.99 0.98 percent [+]
Consumer Spending 3547.30 3567 3512 3556 3614 2468 EUR Million [+]
Personal Savings 17.39 19.92 19.53 19.15 18.77 18.98 percent [+]
Consumer Credit 1566.00 1575 1571 1568 1568 1568 EUR Million [+]
Bank Lending Rate 1.76 1.75 1.74 1.74 1.74 1.74 percent [+]
Gasoline Prices 1.25 1.26 1.26 1.26 1.26 1.26 USD/Liter [+]
Households Debt To Gdp 57.40 57.84 58.12 58.28 58.49 60.94 percent of GDP [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 4.00 2.82 3.06 2.05 2.77 2.78 percent [+]
Housing Index 131.57 134 135 137 138 157 Index points [+]
Building Permits 778.00 405 402 402 402 402 [+]
Home Ownership Rate 73.20 72.85 72.8 72.75 72.69 72.35 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/4/2016