Trade Balance in Luxembourg
Luxembourg - Trade Balance
The economy likely lost steam in the opening quarter of the year amid the fallout from the war in Ukraine. Consumer sentiment soured as inflation ballooned on the back of higher energy and raw material costs. Household spending is likely to have been dented as a consequence, despite falling unemployment. Turning to Q2, consumer sentiment remained deeply pessimistic in April, while harmonized inflation rose to an all-time high. More positively, business sentiment returned to optimism in April, albeit timidly, likely supported by limited direct exposure to Russia and Ukraine. Meanwhile, the European Commission recently noted the sustainability of the public finances, the tax system, inequality in education and the green transition as key challenges going forward.Luxembourg - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -6.7 | -6.4 | -7.2 | -7.8 | -8.1 |
Luxembourg Trade Balance Chart
Source: National Statistical Institute of Luxembourg.
Luxembourg Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
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.
Economic News
-
Luxembourg: Harmonized inflation declines to lowest level since January 2022 in December
January 18, 2023
Harmonized inflation dropped to 6.2% in December, below November’s 7.3%.
-
Luxembourg: Retail sales contract in November
January 4, 2023
Retail sales fell by 1.9% year-on-year in November, in contrast to October’s +0.3% reading. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 2.8% in November, down from October’s 3.3% reading.
-
Luxembourg: Retail sales deteriorate in October
December 27, 2022
Retail sales dropped to 0.2% year on year in October, down from September’s +1.6% reading. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 3.3% in October, down from September's 3.6% reading.
-
Luxembourg: GDP growth records fastest upturn since Q4 2021 in Q3
December 7, 2022
GDP growth accelerated to 3.0% year on year in the third quarter from 1.7% in the second quarter.
-
Luxembourg: Harmonized inflation remains stable in October
November 17, 2022
Harmonized inflation held steady at September’s 8.8% in October.
© Copyright: 2023. | Luxembourg Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
