Luxembourg Economic Statistics and Indicators

31, Jul 2015, EDT. Welcome to the Luxembourg economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Luxembourg › Change country
National or Regional Currency: Euro, EUR
Year of data: 2014 › Change year
Number of Indicators Listed: 40
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 520,672 (July 2014 est.)
Area: total: 2,586 sq km ; land: 2,586 sq km ; water: 0 sq km
Natural Resources: iron ore (no longer exploited), arable land
Capital: name: Luxembourg ; geographic coordinates: 49 36 N, 6 07 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

This small, stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - has historically featured solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, automobile components, and other products. Growth in the financial sector, which now accounts for about 36% of GDP, has more than compensated for the decline in steel. Most banks are foreign-owned and have extensive foreign dealings, but Luxembourg has lost some of its advantages as a favorable tax location because of OECD and EU pressure. The economy depends on foreign and cross-border workers for about 40% of its labor force. Luxembourg, like all EU members, suffered from the global economic crisis that began in late 2008, but unemployment has trended below the EU average. Following strong expansion from 2004 to 2007, Luxembourg's economy contracted 3.6% in 2009, but rebounded in 2010-11 before slowing again in 2012. The country continues to enjoy an extraordinarily high standard of living - GDP per capita ranks among the highest in the world, and is the highest in the euro zone. Turmoil in the world financial markets and lower global demand during 2008-09 prompted the government to inject capital into the banking sector and implement stimulus measures to boost the economy. Government stimulus measures and support for the banking sector, however, led to a 5% government budget deficit in 2009. Nevertheless, the deficit was cut to 1.1% in 2011 and 0.9% in 2012. Even during the financial crisis and recovery, Luxembourg retained the highest current account surplus as a share of GDP in the euro zone, owing largely to their strength in financial services. Public debt remains among the lowest of the region although it has more than doubled since 2007 as percentage of GDP. Luxembourg's economy, while stabile, grew slowly in 2012 due to ongoing weak growth in the euro area. Authorities have strengthened supervision of domestic banks because of their exposure to the activities of foreign banks.
More on the Luxembourg Economy
More on the Luxembourg Export, Import and Trade

Economic Indicator Listing
  For Luxembourg in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.688 %
GDP (Current Prices, National Currency)EUR 47.196 Billion.
GDP (Current Prices, US Dollars)US$ 63.926 Billion
GDP Deflator 135.175 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)EUR 63,766.65 .
GDP Per Capita (Current Prices, National Currency)EUR 86,196.34 .
GDP Per Capita (Current Prices, US Dollars)US$ 116,752.49
Output Gap, Percent of Potential GDP -0.184 %
GDP (PPP), US DollarsUS$ 50.651 Billion
GDP Per Capita (PPP), US DollarsUS$ 92,506.63
GDP Share of World Total (PPP) 0.047 %
Implied PPP Conversion Rate 0.932
Investment (% of GDP) 18.753 %
Gross National Savings (% of GDP) 23.898 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 124.087 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 1.082 %
Inflation, End of Year (Indexed to Year 2000) 124.908 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0.976 %
Import Volume of All Items Including Goods and Services (Percent Change) 2.058 %
Import Volumes of Goods Only (Percent Change) 1.61 %
Export Volume of All Items Including Goods and Services (Percent Change) 2.533 %
Export Volumes of Goods Only (Percent Change) -2.009 %
Unemployment Rate (% of Labour Force) 7.059 %
Employment 0.389 Million
Population 0.548 Million
General government revenue (National Currency)EUR 20.703 Billions.
General government revenue (% of GDP) 43.867 %
General government total expenditure (National Currency)EUR 20.53 Billions.
General government total expenditure (% of GDP) 43.5 %
Total Government Net Lending/ Borrowing (National Currency)EUR 0.173 Billions.
Total Government Net Lending/ Borrowing (% of GDP) 0.367 %
General Government Structural Balance (National Currency)EUR 0.211 Billion.
General Government Structural Balance (% Potential GDP) 0.446 %
Fiscal Year Gross Domestic Product, Current PricesEUR 47.196 Billions.
Current Account Balance (US Dollars)US$ 3.289 Billion
Current Account Balance (% GDP) 5.145 %
Economic Indicators for Luxembourg 2014

GDP (Constant Prices, National Currency) for Luxembourg in year 2014 is EUR 34.915 Billion.

GDP Growth (Constant Prices, National Currency) for Luxembourg in year 2014 is 2.688 %.

GDP (Current Prices, National Currency) for Luxembourg in year 2014 is EUR 47.196 Billion.

GDP (Current Prices, US Dollars) for Luxembourg in year 2014 is US$ 63.926 Billion.

GDP Deflator for Luxembourg in year 2014 is 135.175 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Luxembourg in year 2014 is EUR 63,766.65 .

GDP Per Capita (Current Prices, National Currency) for Luxembourg in year 2014 is EUR 86,196.34 .

GDP Per Capita (Current Prices, US Dollars) for Luxembourg in year 2014 is US$ 116,752.49 .

Output Gap, Percent of Potential GDP for Luxembourg in year 2014 is -0.184 %.

GDP (PPP), US Dollars for Luxembourg in year 2014 is US$ 50.651 Billion.

GDP Per Capita (PPP), US Dollars for Luxembourg in year 2014 is US$ 92,506.63 .

GDP Share of World Total (PPP) for Luxembourg in year 2014 is 0.047 %.

Implied PPP Conversion Rate for Luxembourg in year 2014 is 0.932 .

Investment (% of GDP) for Luxembourg in year 2014 is 18.753 %.

Gross National Savings (% of GDP) for Luxembourg in year 2014 is 23.898 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Luxembourg in year 2014 is 124.087 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Luxembourg in year 2014 is 1.082 %.

Inflation, End of Year (Indexed to Year 2000) for Luxembourg in year 2014 is 124.908 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Luxembourg in year 2014 is 0.976 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Luxembourg in year 2014 is 2.058 %.

Import Volumes of Goods Only (Percent Change) for Luxembourg in year 2014 is 1.61 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Luxembourg in year 2014 is 2.533 %.

Export Volumes of Goods Only (Percent Change) for Luxembourg in year 2014 is -2.009 %.

Unemployment Rate (% of Labour Force) for Luxembourg in year 2014 is 7.059 %.

Employment for Luxembourg in year 2014 is 0.389 Million .

Population for Luxembourg in year 2014 is 0.548 Million .

General government revenue (National Currency) for Luxembourg in year 2014 is EUR 20.703 Billions.

General government revenue (% of GDP) for Luxembourg in year 2014 is 43.867 %.

General government total expenditure (National Currency) for Luxembourg in year 2014 is EUR 20.53 Billions.

General government total expenditure (% of GDP) for Luxembourg in year 2014 is 43.5 %.

Total Government Net Lending/ Borrowing (National Currency) for Luxembourg in year 2014 is EUR 0.173 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Luxembourg in year 2014 is 0.367 %.

General Government Structural Balance (National Currency) for Luxembourg in year 2014 is EUR 0.211 Billion.

General Government Structural Balance (% Potential GDP) for Luxembourg in year 2014 is 0.446 %.

Fiscal Year Gross Domestic Product, Current Prices for Luxembourg in year 2014 is EUR 47.196 Billions.

Current Account Balance (US Dollars) for Luxembourg in year 2014 is US$ 3.289 Billion.

Current Account Balance (% GDP) for Luxembourg in year 2014 is 5.145 %.

* Source: IMF
Aggregate Indicators for Luxembourg
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Luxembourg
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Luxembourg
  Natural Resources, Agricultural Products, Land Use and Water Use for Luxembourg
  Nationality, Ethnic Groups, Languages and Religions for Luxembourg
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Luxembourg
  Age Structure, Median Age, Gender and Urbanization for Luxembourg
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Luxembourg
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Luxembourg
  HIV, AIDS and Other Major Infectious Disease Rates for Luxembourg
  Literacy Rate, Educational Expenditure and School Life Expectancy for Luxembourg
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Luxembourg
  Industries and Industrial Growth Production Rate for Luxembourg
  Labor Force by Occupation for Luxembourg
  Poverty Line, Gini Index, Household Income and Consumption for Luxembourg
  National Budget and Public Debt for Luxembourg
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Luxembourg
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Luxembourg
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Luxembourg
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Luxembourg
  Foreign Exchange Reserves and Gold Reserves for Luxembourg
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Luxembourg
  Exchange Rate Statistics for Luxembourg
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Luxembourg
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Luxembourg
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Luxembourg
  Television and Radio Statistics (TV Stats, Radio Stats) for Luxembourg
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Luxembourg
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Luxembourg
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Luxembourg
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Luxembourg
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Luxembourg
* Source: CIA
Internet Indicators for Luxembourg
Indicators
  Number of Internet Users for Luxembourg
  Internet Penetration Rate for Luxembourg
  Number of Facebook Accounts for Luxembourg
  Facebook Penetration Rate for Luxembourg
* Source: IWS
Economic Freedom Indicators for Luxembourg
Indicators
  Economic Freedom World Rank for Luxembourg
  Economic Freedom Regional Ranking for Luxembourg
  Business Freedom for Luxembourg
  Trade Freedom for Luxembourg
  Fiscal Freedom for Luxembourg
  Government Spending for Luxembourg
  Monetary Freedom for Luxembourg
  Investment Freedom for Luxembourg
  Financial Freedom for Luxembourg
  Property Rights for Luxembourg
  Freedom from Corruption for Luxembourg
  Labor Freedom for Luxembourg
  Tariff Rate for Luxembourg
  Income Tax Rate for Luxembourg
  Corporate Tax Rate for Luxembourg
  Tax Burden % of GDP for Luxembourg
  Government Expenditure % of GDP for Luxembourg
* Source: HFO
Corruption Perceptions Index Rank and Score for Luxembourg
Indicator
  Corruption Perceptions Index Rank and Score for Luxembourg
* Source: TIO
Luxembourg Economic Indicators in other Years
  Luxembourg Economic Indicators for Year 2019 (Forecast)
  Luxembourg Economic Indicators for Year 2018 (Forecast)
  Luxembourg Economic Indicators for Year 2017 (Forecast)
  Luxembourg Economic Indicators for Year 2016 (Forecast)
  Luxembourg Economic Indicators for Year 2015 (Forecast)
Luxembourg Economic Indicators for Year 2014 (Current)
  Luxembourg Economic Indicators for Year 2013
  Luxembourg Economic Indicators for Year 2012
  Luxembourg Economic Indicators for Year 2011
  Luxembourg Economic Indicators for Year 2010
  Luxembourg Economic Indicators for Year 2009
  Luxembourg Economic Indicators for Year 2008
  Luxembourg Economic Indicators for Year 2007
  Luxembourg Economic Indicators for Year 2006
  Luxembourg Economic Indicators for Year 2005
  Luxembourg Economic Indicators for Year 2004
  Luxembourg Economic Indicators for Year 2003
  Luxembourg Economic Indicators for Year 2002
  Luxembourg Economic Indicators for Year 2001
  Luxembourg Economic Indicators for Year 2000
  Luxembourg Economic Indicators for Year 1999
  Luxembourg Economic Indicators for Year 1998
  Luxembourg Economic Indicators for Year 1997
  Luxembourg Economic Indicators for Year 1996
  Luxembourg Economic Indicators for Year 1995
  Luxembourg Economic Indicators for Year 1994
  Luxembourg Economic Indicators for Year 1993
  Luxembourg Economic Indicators for Year 1992
  Luxembourg Economic Indicators for Year 1991
  Luxembourg Economic Indicators for Year 1990
  Luxembourg Economic Indicators for Year 1989
  Luxembourg Economic Indicators for Year 1988
  Luxembourg Economic Indicators for Year 1987
  Luxembourg Economic Indicators for Year 1986
  Luxembourg Economic Indicators for Year 1985
  Luxembourg Economic Indicators for Year 1984
  Luxembourg Economic Indicators for Year 1983
  Luxembourg Economic Indicators for Year 1982
  Luxembourg Economic Indicators for Year 1981
  Luxembourg Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International