As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

The work on BEPS Action 14 continues with today's publication of the stage 2 peer review monitoring reports of the seven jurisdictions in batch 2: Austria, France, Germany, Italy, Liechtenstein, Luxembourg and Sweden.

An overview of the long-term care situation in Luxembourg is available here.

Private Debt To GDP in Luxembourg decreased to 485.07 percent in 2018 from 488.87 percent in 2017. Private Debt To GDP in Luxembourg averaged 351.89 percent from 1999 until 2018, reaching an all time high of 488.87 percent in 2017 and a record low of 165.68 percent in 2000. Private sector debt to GDP measures the indebtedness of both sectors, non-financial corporations and households and non-profit institutions serving households, as a percentage of GDP. This page provides - Luxembourg Private Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg recorded a government budget surplus of 1600 EUR Million in 2018. Government Budget Value in Luxembourg averaged 587.22 EUR Million from 1995 until 2018, reaching an all time high of 1600 EUR Million in 2018 and a record low of -358.40 EUR Million in 2004. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Luxembourg Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Luxembourg increased to 26788.30 EUR Million in 2018 from 24525.60 EUR Million in 2017. Government Revenues in Luxembourg averaged 15166.20 EUR Million from 1995 until 2018, reaching an all time high of 26788.30 EUR Million in 2018 and a record low of 6838.20 EUR Million in 1995. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Luxembourg Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg scored 80 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Luxembourg averaged 83.36 Points from 1995 until 2019, reaching an all time high of 90 Points in 2002 and a record low of 68.50 Points in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Luxembourg Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Luxembourg stands at 17 percent. Sales Tax Rate in Luxembourg averaged 15.57 percent from 2000 until 2020, reaching an all time high of 17 percent in 2015 and a record low of 15 percent in 2001. In Luxembourg, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Luxembourg. This page provides - Luxembourg Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Luxembourg increased to 1182739 EUR Million in November from 1166878 EUR Million in October of 2019. Banks Balance Sheet in Luxembourg averaged 1004696 EUR Million from 2001 until 2019, reaching an all time high of 1345434 EUR Million in October of 2008 and a record low of 711466 EUR Million in January of 2001. This page provides the latest reported value for - Luxembourg Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Luxembourg decreased 7.40 percent in November of 2019 over the same month in the previous year. Industrial Production in Luxembourg averaged 0.10 percent from 1980 until 2019, reaching an all time high of 10.80 percent in August of 1995 and a record low of -11.10 percent in January of 2000. In Luxembourg, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Luxembourg Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Luxembourg was worth 72.10 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Luxembourg represents 0.06 percent of the world economy. GDP in Luxembourg averaged 21.29 USD Billion from 1960 until 2019, reaching an all time high of 72.10 USD Billion in 2019 and a record low of 0.70 USD Billion in 1961. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Luxembourg GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Luxembourg was estimated at 0.6 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Luxembourg had a population of 0.3 million people. The population of Luxembourg represents 0.01 percent of the world´s total population which arguably means that one person in every 13423 people on the planet is a resident of Luxembourg. This page provides - Luxembourg Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Luxembourg expanded 3.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Luxembourg averaged 3.50 percent from 1996 until 2019, reaching an all time high of 12.10 percent in the first quarter of 2000 and a record low of -7 percent in the second quarter of 2009. On the expenditure side, external balance of exports and imports is the main component of GDP and accounts for 35 percent of its total use, as exports of goods and services account for 200 percent while imports account for 165 percent. It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent). This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hospital Beds in Luxembourg decreased to 4.51 per 1000 people in 2018 from 4.66 per 1000 people in 2017. Hospital Beds in Luxembourg averaged 5.30 per 1000 people from 2004 until 2018, reaching an all time high of 6.39 per 1000 people in 2004 and a record low of 4.51 per 1000 people in 2018. This page includes a chart with historical data for Luxembourg Hospital Beds.

Hospitals in Luxembourg decreased to 16.45 per one million people in 2018 from 16.77 per one million people in 2017. Hospitals in Luxembourg averaged 23.79 per one million people from 2005 until 2018, reaching an all time high of 30.10 per one million people in 2005 and a record low of 16.45 per one million people in 2018. This page includes a chart with historical data for Luxembourg Hospitals.

Medical Doctors in Luxembourg increased to 3.31 per 1000 people in 2017 from 3.10 per 1000 people in 2016. Medical Doctors in Luxembourg averaged 3.02 per 1000 people from 2004 until 2017, reaching an all time high of 3.31 per 1000 people in 2017 and a record low of 2.72 per 1000 people in 2004. This page includes a chart with historical data for Luxembourg Medical Doctors.

Nurses in Luxembourg remained unchanged at 11.98 per 1000 people in 2017 from 11.98 per 1000 people in 2016. Nurses in Luxembourg averaged 11.78 per 1000 people from 2007 until 2017, reaching an all time high of 12.28 per 1000 people in 2012 and a record low of 10.83 per 1000 people in 2007. This page includes a chart with historical data for Luxembourg Nurses.

The Consumer Price Index in Luxembourg decreased 0.65 percent in March of 2020 over the previous month. Inflation Rate Mom in Luxembourg averaged 0.16 percent from 1995 until 2020, reaching an all time high of 1.90 percent in February of 2013 and a record low of -1.66 percent in January of 1999. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Luxembourg Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

ICU Beds in Luxembourg averaged 430.98 per 100K people from 2004 until 2015, reaching an all time high of 502.28 per 100K people in December of 2004 and a record low of 395.70 per 100K people in December of 2012. This page includes a chart with historical data for Luxembourg ICU Beds.

Housing Index in Luxembourg increased to 137.56 points in the fourth quarter of 2019 from 134.37 points in the third quarter of 2019. Housing Index in Luxembourg averaged 94.83 points from 2007 until 2019, reaching an all time high of 137.56 points in the fourth quarter of 2019 and a record low of 72.67 points in the first quarter of 2007. In Luxembourg, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Luxembourg House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Luxembourg increased to 6.10 percent in March from 5.50 percent in February of 2020. Unemployment Rate in Luxembourg averaged 3.79 percent from 1982 until 2020, reaching an all time high of 7.20 percent in May of 2014 and a record low of 1.40 percent in March of 1991. In Luxembourg, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Luxembourg Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment Rate in Luxembourg remained unchanged at 67.90 percent in the fourth quarter of 2019 from 67.90 percent in the third quarter of 2019. Employment Rate in Luxembourg averaged 64.06 percent from 1992 until 2019, reaching an all time high of 68.30 percent in the second quarter of 2019 and a record low of 58.50 percent in the second quarter of 1995. In Luxembourg, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Luxembourg Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Luxembourg decreased to 100.24 points in April of 2020 from 101.69 points in March of 2020. CPI Transportation in Luxembourg averaged 101.90 points from 2015 until 2020, reaching an all time high of 105.94 points in January of 2020 and a record low of 98.21 points in February of 2016. This page provides - Luxembourg Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Luxembourg decreased to 103.52 points in April from 105.45 points in March of 2020. Cpi Housing Utilities in Luxembourg averaged 101.92 points from 2015 until 2020, reaching an all time high of 107.16 points in January of 2020 and a record low of 97.48 points in April of 2016. This page provides - Luxembourg Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg recorded 3871 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Luxembourg reported 100 Coronavirus Deaths. This page includes a chart with historical data for Luxembourg Coronavirus Cases.

Luxembourg recorded 100 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Luxembourg reported 3871 Coronavirus Cases. This page includes a chart with historical data for Luxembourg Coronavirus Deaths.

Luxembourg recorded 3526 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Luxembourg reported 100 Coronavirus Deaths. This page includes a chart with historical data for Luxembourg Coronavirus Recovered.

The number of employed persons in Luxembourg decreased to 473495 in March of 2020 from 474220 in February of 2020. Employed Persons in Luxembourg averaged 333578.55 from 1995 until 2020, reaching an all time high of 474467 in November of 2019 and a record low of 211007 in January of 1995. In Luxembourg, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Luxembourg Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

Standard & Poor's credit rating for Luxembourg stands at AAA with stable outlook. Moody's credit rating for Luxembourg was last set at Aaa with stable outlook. Fitch's credit rating for Luxembourg was last reported at AAA with stable outlook. DBRS's credit rating for Luxembourg is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Luxembourg thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Luxembourg as reported by major credit rating agencies.

This paper discusses the results of the 2011-2012 OECD LEED study of measuring green growth in the Benelux countries (Belgium, The Netherlands and Luxembourg). The study paid particular attention to the challenges of measuring the transition to a low-carbon economy in cross-border areas as they have additional levels of complexity when it comes to measuring and monitoring their low-carbon transition.

Capacity Utilization in Luxembourg decreased to 53.80 percent in the second quarter of 2020 from 83.40 percent in the first quarter of 2020. Capacity Utilization in Luxembourg averaged 79.75 percent from 1985 until 2020, reaching an all time high of 88.20 percent in the first quarter of 2007 and a record low of 53.80 percent in the second quarter of 2020. This page provides - Luxembourg Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Luxembourg in Turkey increased to 11083.08 USD THO in March from 7153.77 USD THO in February of 2020. Imports from Luxembourg in Turkey averaged 12290.26 USD THO from 2014 until 2020, reaching an all time high of 104764 USD THO in January of 2015 and a record low of 6104.71 USD THO in June of 2019. This page includes a chart with historical data for Turkey Imports from Luxembourg.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Luxembourg is a rich and fast-growing country. However, inequality of disposable incomes has trended up modestly over the past decades and relative poverty has risen reflecting mainly the rapid growth of high incomes.

With strong economic growth overall and an increasingly important role as a regional economic centre, Luxembourg is experiencing mounting environmental pressures. This is mainly a result of a growing population and a rapid increase in transport, which is dominated by the car, as the number of workers commuting within Luxembourg and from across the border has risen rapidly.

Luxembourg weathered the global economic crisis well, but must take additional steps to foster the diversification of the economy while ensuring the continuing health of its financial sector, according to the latest OECD Economic Survey of Luxembourg.

Luxembourg’s workforce is highly skilled, reflecting the concentration in the country of sophisticated firms in the financial sector and other top-end international services.

Luxembourg’s large foreign-born population is a pillar of the country’s prosperity: they have brought skills and knowledge to many sectors of the economy.

Imports in Luxembourg remained unchanged at 1.59 EUR Billion in February from 1.59 EUR Billion in January of 2020. Imports in Luxembourg averaged 1.08 EUR Billion from 1988 until 2020, reaching an all time high of 2 EUR Billion in October of 2011 and a record low of 0.36 EUR Billion in January of 1988. Luxembourg has traditionally imported most of its consumer goods and exported industrial products (steel). The nation remains dependent on energy imports. Its main imports are: minerals, metals, foodstuffs and quality consumer goods. Luxembourg’s main import partners are Belgium (36 percent of total imports), Germany (27 percent), France (12 percent), the Netherlands (5 percent), the US (3 percent), Italy (3 percent), Japan (2 percent) and the UK (2 percent). This page provides the latest reported value for - Luxembourg Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core consumer prices in Luxembourg increased 1.10 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Luxembourg averaged 1.68 percent from 1996 until 2020, reaching an all time high of 2.90 percent in July of 2001 and a record low of -1.60 percent in January of 1999. This page provides - Luxembourg Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Household Saving Rate in Luxembourg decreased to 21.41 percent in 2018 from 21.50 percent in 2017. Personal Savings in Luxembourg averaged 18.14 percent from 1995 until 2018, reaching an all time high of 21.50 percent in 2017 and a record low of 14.40 percent in 1999. This page provides - Luxembourg Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Luxembourg increased to 337.60 EUR Billion in March from 314.50 EUR Billion in February of 2020. Money Supply M2 in Luxembourg averaged 199.62 EUR Billion from 1997 until 2020, reaching an all time high of 337.60 EUR Billion in March of 2020 and a record low of 126 EUR Billion in December of 1999. Luxembourg Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Luxembourg Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in Luxembourg increased to 29145 EUR Million in March from 28060 EUR Million in February of 2020. Loans to Private Sector in Luxembourg averaged 13153.85 EUR Million from 1999 until 2020, reaching an all time high of 29145 EUR Million in March of 2020 and a record low of 3865.29 EUR Million in February of 1999. This page provides - Luxembourg Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg is the 9 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Luxembourg averaged 10.92 from 1995 until 2019, reaching an all time high of 19 in 1995 and a record low of 7 in 2002. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Luxembourg Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Electricity Production in Luxembourg increased to 74 Gigawatt-hour in December from 62 Gigawatt-hour in November of 2019. Electricity Production in Luxembourg averaged 150.76 Gigawatt-hour from 2008 until 2019, reaching an all time high of 381 Gigawatt-hour in January of 2008 and a record low of 28 Gigawatt-hour in September of 2018. This page has Electricity Production values for Luxembourg.

Employment in Luxembourg increased by 0.80 in December of 2019. Employment Change in Luxembourg averaged 0.81 percent from 1995 until 2019, reaching an all time high of 1.90 percent in the third quarter of 1995 and a record low of -0.30 percent in the second quarter of 2009. In Luxembourg, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Luxembourg Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Luxembourg decreased to 76 points in April from 100.40 points in March of 2020. Business Confidence in Luxembourg averaged 101.99 points from 1985 until 2020, reaching an all time high of 125.70 points in April of 1995 and a record low of 74.30 points in December of 2008. In Luxembourg, the Business Climate Indicator measures the current situation of the businesses and its future prospects. The questionnaire focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator is computed through the estimation of a factor-model and summarizes the common information contained in the surveys. A rise in the indicator will point to an upswing in activity and an improvement in the business climate. This page provides - Luxembourg Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg recorded a Government Budget surplus equal to 2.20 percent of the country's Gross Domestic Product in 2019. Government Budget in Luxembourg averaged 1.89 percent of GDP from 1995 until 2019, reaching an all time high of 5.70 percent of GDP in 2001 and a record low of -1.40 percent of GDP in 2004. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Luxembourg Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.