Luxembourg Economy 2024. Despite robust consumption growth, the luxembourgish economy contracted in 2023 due to weak external demand and residential investment. For both 2024 and 2025, one round of wage indexation is projected.
Luxembourg gdp growth is projected to slow to 0.8% in 2023 from 1.6% in 2022 before picking up to 2% in 2024. These include strengthening purchasing power, increasing housing supply and making the economy more competitive.
On 6Th March 2024, The Luxembourg Government Filed The 2024 Budget Bill (“Budget Bill”) And Announced That It Will Continue To Work Towards The.
Nominal gdp of usd 81.5 billion in 2022.
These Include Strengthening Purchasing Power, Increasing Housing Supply And Making The Economy More Competitive.
In 2024, the national minimum wage in luxembourg remained fixed at €2,570.9 per month, that is 30,851 euros per year, taking into account 12 payments per year.
Luxembourg Gdp For 2021 Was $85.58B , A 16.13% Increase From 2020.
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2024 Projected Consumer Prices (% Change):
On the public finances front, statec expects a marked slowdown in the growth of both tax revenues and public spending in 2024.
The Government Introduced A Carbon Tax In January 2021 To Raise.