Lewes, DE -- (SBWIRE) -- 07/07/2017 -- As per International Monetary Fund (IMF) Luxembourg's real gross domestic product is expected to grow at a CAGR of 3.38% from its 2015 level of euro 46.035 billion and reach euro 58.108 billion by 2022.

Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Luxembourg to the east, and France to the south. It comprises two principal regions: the Oesling in the north as part of the Ardennes massif, and the Gutland in the south.

Luxembourg had estimated population of 0.563 million in the year 2016 and expected to reach 0.663 million by 2022. Luxembourg's 0.419 million population was employed in 2016 and the unemployment rate was 6.391% of total labor force.

Luxembourg's real gross domestic product (GDP) was around Euro 47.867 billions in 2016 whereas the nominal GDP was Euro 53.739 billions. This resulted in GDP deflator 112.267. Per capita GDP was estimated at USD 103198.824 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 104003.301.

The output gap for Luxembourg in 2016 was 0.316% of the potential GDP which indicates that Luxembourg economy was outperforming by managing actual output higher than it's maximum potential.

In 2016, Luxembourg government's revenue was Euro 23.18 billions whereas the expenditure was Euro 22.256 billions. This resulted Luxembourg government's net lending / borrowing at Euro 0.924 billion in 2016 indicating that enough financial resources were made available by the government to boost economic growth.

The current account balance for Luxembourg was estimated to be at USD 2.854 billions for the year 2016 and is expected to grow at a CAGR of 5.66% and reach USD 4.377 by 2022. This positive current account balance indicates the Luxembourg is net lender to the whole world.

Scope of the Luxembourg PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports

These reports provide information about key macroeconomic indicators for Luxembourg.

These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Luxembourg.

These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Luxembourg.

These reports provide risk analysis for Luxembourg.

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