Luxembourg: economy

What is the inflation rate in Luxembourg?

Annual inflation in Luxembourg was 2.9% in September 2026, up from 2.2% in August, according to STATEC. Energy prices were 12% higher than a year earlier, with heating oil up 61.4%, diesel up 44.2% and petrol up 25.0%. Services prices rose 3.4% and food, including alcoholic drinks and tobacco, 1.8%.

The figure is for the national consumer price index (IPCN), the index used for wage indexation. Excluding energy, prices rose 2.2%. STATEC notes that part of the services increase came from nursery and after-school care fees, which it calls volatile and expects to fall back next month. A preliminary estimate for October is due on 30 October 2026.

Official sources: STATEC: Annual inflation rises to 2.9% in September

When is the next index tranche in Luxembourg?

The next automatic indexation of wages will be triggered when the half-yearly average of the consumer price index reaches 1,064.75 points, according to STATEC. In September 2026 the average stood at 1,058.56 points, and prices had risen 1.90% since the last adjustment.

The last index tranche came on 1 June 2026, raising wages, salaries and pensions by 2.5%, according to STATEC. It was triggered when the half-yearly average passed 1,038.79 points; the new trigger of 1,064.75 is 2.5% above that level. STATEC publishes the index each month after the Index Committee meets; the October result is due on 4 November 2026.

Official sources: STATEC: Annual inflation rises to 2.9% in September · STATEC: Wage indexation on 1 June 2026

What is Luxembourg's GDP growth rate?

Luxembourg's GDP fell 0.9% in volume in the second quarter of 2026 from the previous quarter, and was 1.3% higher than a year earlier, according to STATEC. For whole years, STATEC now puts growth at 2.0% in 2024 and 1.4% in 2025, and GDP at current prices at EUR 91,391 million in 2025.

Revisions can be large: growth for 2024 was raised from 0.3% to 2.0% when the full annual accounts were compiled. In its medium-term projections of 9 October 2026, STATEC expects real GDP growth of 1.2% in 2026, gradually accelerating from 2027. Quarterly figures are seasonally adjusted.

Official sources: STATEC: GDP for the second quarter of 2026 · STATEC: Medium-term projections 2026-2030

What is Luxembourg's GDP per capita?

Luxembourg's GDP per capita was US$147,252 in 2025, according to World Bank data updated on 8 October 2026. Measured in purchasing power standards, it was 239% of the EU average in 2025, the highest in the EU, according to Eurostat figures reproduced in Luxembourg in Figures 2026 (provisional).

GDP per capita divides output by residents only. Output is also produced by about 237,200 non-resident cross-border workers employed in Luxembourg in 2025, according to the same STATEC publication, so the figure is not a measure of residents' incomes. For that, STATEC puts median disposable income at EUR 4,170 a month per adult-equivalent in 2025.

Official sources: World Bank: GDP per capita, Luxembourg · STATEC: Luxembourg in Figures 2026 (PDF)

What does Luxembourg export?

Luxembourg exported EUR 14,717.1 million of goods in 2025 and imported EUR 24,660.8 million, according to Luxembourg in Figures 2026 from STATEC. The largest export groups were manufactured goods in metals (EUR 2,667.1 million), machinery (EUR 2,580.5 million) and other goods classified by material (EUR 2,392.4 million).

The balance of payments also covers services. In the first quarter of 2026 the current account showed a surplus of EUR 1,345 million, according to the Central Bank of Luxembourg and STATEC. Exports of financial services rose 3.9%, driven mainly by higher average assets managed by investment funds. The balance of payments counts merchanting, which is why it showed a goods surplus of EUR 482 million for the quarter.

Official sources: STATEC: Luxembourg in Figures 2026 (PDF) · STATEC: Balance of payments, first quarter of 2026

What is Luxembourg's economic growth rate?

According to the World Bank, real GDP growth in Luxembourg was 0.6% in 2025. Its high point since 2005 was 2007, at 8.1%; its low point was 2009, at -3.2%. It is 43rd highest of 49 in Europe & Central Asia, where the median is 2.1%. Of 180 countries with 2025 data, 161st highest.

What is GDP per capita in Luxembourg?

The latest figure from the World Bank, for 2025, is $147,252. No year since 2005 has been higher. It is 1st highest of 49 in Europe & Central Asia, where the median is $28,420. Worldwide: 1st of 180.

What is Luxembourg's GDP per person adjusted for prices?

The latest figure from the World Bank, for 2025, is $156,542 in international dollars. It is the top of the series, which starts in 2005. Europe & Central Asia median: $50,946 in international dollars; Luxembourg is 1st highest of 49. Of 179 countries with 2025 data, 2nd highest.

How big are Luxembourg's exports?

According to the World Bank, exports of goods and services in Luxembourg was 190.5% of GDP in 2025. Its high point since 2005 was 2022, at 222.3% of GDP; its low point was 2009, at 147.9% of GDP. It is 1st highest of 46 in Europe & Central Asia, where the median is 47.7% of GDP. Worldwide: 1st of 133.

What is Luxembourg's current account balance?

The latest figure from the IMF, for 2025, is 0.6% of GDP. No year since 2005 has been lower. It is 21st highest of 47 in Europe & Central Asia, where the median is -0.3% of GDP. Of 132 countries with 2025 data, 49th highest.

What is FDI in Luxembourg?

The latest figure from the IMF, for 2025, is -32.7% of GDP. The peak was 234.3% of GDP in 2019 and the low -376.1% of GDP in 2022. It is 49th highest of 49 in Europe & Central Asia, where the median is 1.9% of GDP. World rank, highest first: 179th of 179.