Luxembourg GDP Data & Country Report

Luxembourg Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Luxembourg; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Central Bank of Luxembourg
Luxembourg is part of the Eurosystem and the European Central Bank

International Reserves

US$ 1.117 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 61.58 billion (2010 estimate)

GDP (Purchasing Power Parity)

42.796 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
8.4%	2.5%	4.1%	1.5%	4.4%	5.4%	5.6%	6.5%
2008	2009	2010	2011*
0%	-3.7%	3.4%	3%

*Estimate

GDP per capita - current prices

US$ 120,060 (2010 estimate)

GDP per capita - PPP

$83,438 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.04%	0.05%	0.06%	0.05%	0.05%

**Forecast

GDP - composition by sector

agriculture: 0.4%
industry: 13.6%
services: 86% (2007 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

1.62% (2008)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
3.4%(2008)	0.4%	2.3%	3.5%

*Estimate

Unemployment rate

2008	2009	2010	2011*
4.4%	5.8%	6.1%(2009)	5.9%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
6.7%	13.7%	14.5%	16.6%	17.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
3.6%	2.9%	-0.7%	-3.8%	-3.1%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: AAA/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$166.102 billion	US$66.457 billion	US$105.559 billion

Largest companies in Luxembourg

ArcelorMittal (Iron & Steel), Tenaris (Oil Services & Equipment), RTL Group (Broadcasting & Cable), Evraz Group (Iron & Steel)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 5.3 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

8.5% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

167% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0.13%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

1.85%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$17.82 billion f.o.b. (2010 estimate)

Export commodities

machinery and equipment, steel products, chemicals, rubber products, glass

Total imports

US$28.12 billion c.i.f. (2008 estimate)

Import commodities

minerals, metals, foodstuffs, quality consumer goods

Exports - major partners

Germany 21.1%, France 16.3%, Belgium 10.1%, Italy 7.4%, UK 7.1%, Netherlands 5.4%, Spain 5% (2007)

Imports - major partners

Belgium 27.4%, Germany 23.8%, China 17.1%, France 9.2%, Netherlands 5% (2007)

FDI inflows

2008	2009	2010
US$9,785 million	US$30,196 million(2009)	US$20,350 million(2009)

FDI outflows

2008	2009	2010
US$10,171 million	US$18,726 million	US$18,293 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$8,109 million	US$3,382 million(2009)	US$2,998 million(2009)	US$-21,147 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

CVC Capital Partners Ltd, Evonik Industries AG, Germany, $3.7 billion
Grand Duchy of Luxembourg, Fortis Banque Luxembourg SA, Luxembourg, $3.6 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

CVC Capital Partners Ltd, Sunrise Communications AG, Switzerland, $3.3 billion
(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 45 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 77 out of 183 countries(2009)

Registering property: 129 out of 183 countries

Paying Taxes: 15 out of 183 countries

Getting credit: 116 out of 183 countries

Protecting investors: 120 out of 183 countries

Trading across border: 32 out of 183 countries

Enforcing Contracts: 1 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 13 Score: 76.2 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+1

Total area

2,586 km² (2006)

Capital

Luxembourg (2009)

Currency

euros (EUR) (2009)

Government type

constitutional monarchy (2009)

Languages

Luxembourgish (national language), German (administrative language), French (administrative language)

Religions

Roman Catholic 87%, other (includes Protestant, Jewish, and Muslim) 13% (2000)

Total population

1980	1990	2000	2010*	2015**
0.36 million	0.38 million	0.44 million	0.5 million	0.54 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
69.6%	80%	83.8%	82.3%

Population median age

38.0 years (2006)

Population growth rate

1.9% (2009)

Life expectancy

79 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

30.8 (2000)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

196.95% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

90.62% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Luxembourg: 72nd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

21.8518 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

Banque et Caisse d’Epargne de l’Etat (National, 2012)

2011:

Banque et Caisse d'Epargne de l'Etat (National, 2011)

2010:

Banque et Caisse d'Epargne de l'Etat (National, 2010)

2009:

Banque et Caisse d'Epargne de l'Etat (Europe, 2009)

WORLD'S BEST INTERNET BANKS

2010:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (2009)

WORLD'S SAFEST BANKS

2012:

REGIONAL WINNERS Banque et Caisse d’Épargne de l’État (Western Europe, 2012)
OVERALL SAFEST Banque et Caisse d’Épargne de l’État (Global, 2012)

2011:

OVERALL SAFEST Banque et Caisse d'Epargne de l'Etat (Global, 2011)
REGIONAL WINNERS Banque et Caisse d'Epargne de l'Etat (Western Europe, 2011)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS BNP Paribas (National, 2011)

2010:

COUNTRY WINNERS KBL European Private Bankers (National, 2010)

2009:

COUNTRY WINNERS KBL European Private Bankers S.A. (National, 2009)

CENTRAL BANKER REPORT CARD

2010:

Grade: A (Jean-Claude Trichet, 2010)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Luxembourg GDP Data & Country Report | Global Finance

WORLD'S BEST DEVELOPED MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST INTERNET BANKS

2010:

2009:

WORLD'S SAFEST BANKS

2012:

2011:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

CENTRAL BANKER REPORT CARD

2010: