Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population.57 million.56 million.54 million
WDI
A.1.1
Total number of households2.3 million2.4 million2.4 million
EuroStat
A.1.2
Urban population (% of total)90.16% of total89.87% of total89.57% of total
WDI
A.1.4
Urban population growth (annual %)2.69%2.7%2.67%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)57,423 USD (millions)64,977 USD (millions)61,814 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)55,730 USD (millions)52,790 USD (millions)49,906 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)101,994.09 USD 118,204.3 USD 115,109.31 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)98,987.19 USD 96,034.69 USD 92,934.68 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.52%4.07%4.35%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change).91%-.89%1.59%
WEO
A.2.6
GDP, deflator (Index)113.43112.02110.96
WEO
A.2.7
Consumer price index109.20108.69108.01
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
UnemployedNot available5.9%5.8%
WDI
A.2.14.3
Interest Rates:A.2.15
Yield on 10-year Government bond.37%1.34%1.85%
IFS
A.2.15.3
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Total.23 million  
Statistics Portal of the Grand-Duchy of Luxembourg
B.1.1.1
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  144.1 sq.mt
EuroStat
B.1.3.1
Tenure in urban areas (%):B.1.4
Owner-occupied units72.5% of total73.2% of total73% of total
EuroStat
B.1.4.1
% of owner units with a mortgage 42.5% of total45.6% of total
EuroStat
B.1.4.2
Private rental units 22% of total21.8% of total
EuroStat
B.1.4.3
Estimated Number of units completed/yearB.1.5
Formal sector/registeredNot availableNot available2,642 units
Statistics Portal of the Grand-Duchy of Luxembourg
B.1.5.1
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes: (2010=100)
Notes: A transfer tax of 6% plus a 1% transcription tax is levied. Properties located in the municipality of Luxembourg are subject to an additional tax levied at 50% of the transfer tax
Notes: Expenses related to rental properties may be deducted. They are calculated in either of the two ways: 1) All expenses, including a depreciation rate of 2-6%, is deducted from gross rent 2) A standard deduction of 35%, with a maximum of Euro 2,700, is deducted from gross rental income
Notes: Figure is for national percentage.
Notes: Figure is for national percentage.
Notes: Figure is for national percentage.
Notes: Figure is for national percentage.
Notes: Figure is for national percentage.
Notes: Figure is for national percentage.
Notes: If a property is sold within two years of acquisition, the difference between acquisition cost and selling price is taxed as miscellaneous income at progressive income tax rates. If a property is sold after two years, the tax is levied at half of the ordinary rate
Notes: It is current practice for employers to grant "preferential loans" to their employees with interest subsidies
Notes: The amount of tax levied depends on several variables such as property value, location, age, and economic use
Notes: There is a tax on rental income