Fiscal Balance in Luxembourg

Luxembourg Fiscal Balance | Economic News & Forecasts

Luxembourg - Fiscal Balance

The economy expanded at a softer year-on-year pace in the third quarter, due to a less favorable base effect. A broad-based easing of domestic demand—which saw household and government spending growth cooling and capital expenditure contracting—was mainly behind the slowdown. That said, underlying momentum strengthened in the quarter. Turning to the final quarter of the year, tighter Covid-19 restrictions amid the emergence of the Omicron variant will have likely weighed on the economy. Consumer sentiment weakened in October and November, which, coupled with rising inflation, has likely constrained household spending in Q4. Moreover, lower industrial confidence in the same two months compared to the average for Q3 suggests cooling private sector activity. However, a further decline in the unemployment rate in October could have lent some support to spending.

Luxembourg - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)1.3  1.8  1.3  3.1  2.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Luxembourg Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form