Luxembourg Labour Productivity Growth

1996 - 2023 | Quarterly | % | CEIC Data

Key information about Luxembourg Labour Productivity Growth

  • Luxembourg Labour Productivity improved by 2.38 % YoY in Dec 2023, compared with a drop of 3.92 % in the previous quarter
  • Luxembourg Labour Productivity Growth data is updated quarterly, available from Mar 1996 to Dec 2023, averaging at -0.11 %
  • The data reached an all-time high of 8.90 % in Jun 2021 and a record low of -9.31 % in Mar 2009

CEIC calculates Labour Productivity Growth from quarterly Real GDP and monthly Employment. The Statistics Portal of Luxembourg provides Real GDP in EUR, at 2015 prices and Employment

View Luxembourg's Labour Productivity Growth from Mar 1996 to Dec 2023 in the chart:

Luxembourg Labour Productivity Growth

What was Luxembourg's Labour Productivity Growth in Dec 2023?

Luxembourg Labour Productivity improved by 2.38 % YoY in Dec 2023, compared with a drop of 3.92 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.38 Dec 2023 -3.92 Sep 2023 -9.31 Mar 2009 8.90 Jun 2021 % quarterly Mar 1996 - Dec 2023

Labour Productivity Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 0.65 Jun 2023 quarterly Mar 2010 - Jun 2023
Algeria (%) -4.67 2022 yearly 1992 - 2022
Argentina (%) -4.51 2023 yearly 1992 - 2023
Armenia (%) 4.51 Dec 2023 quarterly Mar 2009 - Dec 2023
Australia (%) -1.63 Dec 2023 quarterly Jun 1979 - Dec 2023
Austria (%) -2.26 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) -0.20 Dec 2023 quarterly Mar 2009 - Dec 2023
Bahrain (%) -3.66 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 5.11 2022 yearly 1992 - 2022
Belarus (%) 5.19 Dec 2023 quarterly Mar 2006 - Dec 2023
Belgium (%) 0.10 Dec 2023 quarterly Mar 2000 - Dec 2023
Bolivia (%) -0.64 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) -1.22 2023 yearly 2007 - 2023
Botswana (%) 7.30 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 1.52 2023 yearly 1992 - 2023
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 0.68 Dec 2023 quarterly Mar 2001 - Dec 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -1.21 Dec 2023 quarterly Mar 1977 - Dec 2023
Chile (%) -2.14 Dec 2023 quarterly Mar 1987 - Dec 2023
China (%) 4.22 2023 yearly 1953 - 2023
Colombia (%) -2.02 Dec 2023 quarterly Mar 2002 - Dec 2023
Croatia (%) 10.94 Dec 2023 quarterly Mar 2008 - Dec 2023
Cyprus (%) 0.57 Dec 2023 quarterly Jun 2005 - Dec 2023
Czech Republic (%) 2.26 Dec 2023 quarterly Mar 1997 - Dec 2023
Denmark (%) 2.54 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) -0.48 Dec 2023 quarterly Mar 2004 - Dec 2023
Estonia (%) -4.78 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) -1.05 Sep 2023 quarterly Mar 2006 - Sep 2023
Finland (%) -1.24 Dec 2023 quarterly Mar 1991 - Dec 2023
France (%) -1.25 2022 yearly 1979 - 2022
Georgia (%) 5.23 2022 yearly 1997 - 2022
Germany (%) -0.88 Dec 2023 quarterly Mar 1992 - Dec 2023
Ghana (%) -0.40 2022 yearly 1992 - 2022
Greece (%) 0.13 Dec 2023 quarterly Mar 1996 - Dec 2023
Hong Kong SAR, China (%) 4.63 Dec 2023 quarterly Dec 1982 - Dec 2023
Hungary (%) -0.80 Dec 2023 quarterly Mar 1999 - Dec 2023
Iceland (%) -2.99 Dec 2023 quarterly Mar 2004 - Dec 2023
India (%) 2.38 2022 yearly 1992 - 2022
Indonesia (%) 1.63 2023 yearly 2001 - 2023
Iran (%) -2.03 2022 yearly 1992 - 2022
Ireland (%) -11.70 Dec 2023 quarterly Mar 1999 - Dec 2023
Israel (%) -6.61 Dec 2023 quarterly Mar 2013 - Dec 2023
Italy (%) -1.13 Dec 2023 quarterly Mar 1997 - Dec 2023
Ivory Coast (%) 3.02 2022 yearly 1992 - 2022
Japan (%) 0.65 Dec 2023 quarterly Mar 1995 - Dec 2023
Jordan (%) 1.17 2021 yearly 2001 - 2021
Kazakhstan (%) 2.00 Sep 2023 quarterly Mar 2002 - Sep 2023
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) 1.11 Dec 2023 quarterly Sep 1983 - Dec 2023
Kosovo (%) -0.46 Mar 2023 quarterly Mar 2017 - Mar 2023
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 7.14 2022 yearly 1993 - 2022
Laos (%) -0.89 2022 yearly 1992 - 2022
Latvia (%) -1.41 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.16 2021 yearly 1992 - 2021
Lithuania (%) -2.31 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) -2.38 Dec 2023 quarterly Mar 1996 - Dec 2023
Macau SAR, China (%) 80.89 Dec 2023 quarterly Mar 2002 - Dec 2023
North Macedonia (%) 1.24 Dec 2023 quarterly Mar 2005 - Dec 2023
Malawi (%) -4.08 2022 yearly 1992 - 2022
Malaysia (%) 0.46 Dec 2023 quarterly Mar 2001 - Dec 2023
Malta (%) 0.89 Dec 2023 quarterly Dec 2001 - Dec 2023
Mauritius (%) 7.38 Dec 2023 quarterly Mar 2005 - Dec 2023
Mexico (%) 0.64 Dec 2023 quarterly Jun 1996 - Dec 2023
Moldova (%) -1.25 Dec 2023 quarterly Mar 2001 - Dec 2023
Mongolia (%) 3.77 Dec 2023 quarterly Sep 2007 - Dec 2023
Montenegro (%) -4.61 Dec 2023 quarterly Mar 2011 - Dec 2023
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) -0.29 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.58 2022 yearly 1992 - 2022
Netherlands (%) -1.32 Dec 2023 quarterly Mar 1996 - Dec 2023
New Zealand (%) -2.86 Dec 2023 quarterly Jun 1988 - Dec 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.17 Dec 2023 quarterly Mar 1996 - Dec 2023
Oman (%) -5.73 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.78 Sep 2023 quarterly Dec 2009 - Sep 2023
Panama (%) 5.30 2022 yearly 1992 - 2022
Paraguay (%) 0.66 Dec 2023 quarterly Mar 2018 - Dec 2023
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) -0.82 2022 yearly 1992 - 2022
Poland (%) 1.43 Dec 2023 quarterly Dec 1999 - Dec 2023
Portugal (%) 1.07 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 0.75 Dec 2023 quarterly Mar 1996 - Dec 2023
Russia (%) 3.11 Dec 2023 quarterly Mar 1996 - Dec 2023
Saudi Arabia (%) -3.93 2022 yearly 1971 - 2022
Serbia (%) 4.48 Dec 2023 quarterly Mar 2015 - Dec 2023
Singapore (%) -0.80 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) 0.67 Dec 2023 quarterly Mar 1996 - Dec 2023
Slovenia (%) 1.51 Dec 2023 quarterly Mar 1996 - Dec 2023
South Africa (%) -3.56 Dec 2023 quarterly Mar 2009 - Dec 2023
Spain (%) -1.58 Dec 2023 quarterly Mar 1996 - Dec 2023
Sri Lanka (%) 7.10 Dec 2023 quarterly Jun 2013 - Dec 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -1.16 Dec 2023 quarterly Mar 1994 - Dec 2023
Switzerland (%) -2.27 Dec 2023 quarterly Mar 2011 - Dec 2023

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Luxembourg Key Series

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Includes 207 key indicators for Luxembourg, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.3 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 24,967.814 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.1 2023 yearly 1995 - 2023
National Government Debt (USD mn) 22,520.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Government Debt: % of GDP (%) 25.7 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (EUR bn) 47.258 2028 yearly 1995 - 2028
Forecast: Government Net Debt (EUR bn) 31.235 2028 yearly 1995 - 2028
Forecast: Government Revenue (EUR bn) 46.559 2028 yearly 1995 - 2028
General Government Debt: Consolidated (EUR mn) 20,358.500 Dec 2023 quarterly Dec 1995 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2028 yearly 1987 - 2028
Trade Balance (USD mn) -668.8 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports (USD mn) 1,397.1 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports Growth (%) -6.4 Jan 2024 monthly Jan 1989 - Jan 2024
Aluminum: Exports (USD th) 548,752.894 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,065.8 Jan 2024 monthly Jan 1988 - Jan 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 37.835 Jan 2024 monthly Jan 1988 - Jan 2024
Total Imports from USA (USD mn) 103.283 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports to China (USD mn) 26.725 Dec 2023 monthly Jan 1997 - Dec 2023
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Exports: sa (EUR mn) 1,281.832 Jan 2024 monthly Jan 1988 - Jan 2024
Exports (EUR mn) 1,205.821 Jan 2024 monthly Jan 1988 - Jan 2024
Imports: sa (EUR mn) 1,895.427 Jan 2024 monthly Jan 1988 - Jan 2024
Trade Balance: sa (EUR mn) -613.596 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Other Manufactured Goods (EUR mn) 181.385 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Chemicals and Related Products (EUR mn) 154.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Base Metal Products (EUR mn) 192.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Machinery and Equipment (EUR mn) 222.730 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Transport Equipment (EUR mn) 165.614 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: America: ow United States of America (EUR mn) 34.714 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 210.429 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Asia: ow Japan (EUR mn) 10.120 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union (EUR mn) 966.420 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 155.422 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 287.475 Jan 2024 monthly Jan 1988 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -155,563.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Current Account Balance (USD mn) 1,576.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Current Account Balance: % of GDP (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment (USD mn) -131,420.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment: % of GDP (%) -584.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) -25,997.080 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -115.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -10,771.4 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -10,542.166 Dec 2023 quarterly Mar 2002 - Dec 2023
External Debt (USD mn) 3,791,246.5 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,005,773.8 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,053.4 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 4.708 2028 yearly 1995 - 2028
Net International Investment Position (USD mn) 29,674.752 Dec 2023 quarterly Dec 2002 - Dec 2023
BoP: CA: Secondary Income (EUR mn) -629.066 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives (EUR mn) 4,494.705 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Errors & Omissions (EUR mn) -1.048 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Goods (EUR mn) 654.079 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Capital Account (EUR mn) -53.816 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Services (EUR mn) 7,195.541 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Financial Account (FA) (EUR mn) 1,410.323 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Reserve Assets (EUR mn) -40.841 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: OI: Liabilities (EUR mn) 15,691.597 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Direct Investment (DI): Assets (EUR mn) -144,543.807 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Other Investment (OI): Assets (EUR mn) 9,010.554 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Portfolio Investment (PI): Assets (EUR mn) 1,914.581 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: PI: Liabilities (EUR mn) -24,155.583 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: DI: Liabilities (EUR mn) -122,111.145 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Current Account (CA) (EUR mn) 1,465.188 Dec 2023 quarterly Mar 1995 - Dec 2023
IIP: Liabilities (EUR mn) 11,640,779.399 Dec 2023 quarterly Dec 2002 - Dec 2023
International Investment Position (IIP): Net (EUR mn) 26,825.847 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Assets (EUR mn) 11,667,605.247 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt (EUR mn) 3,427,270.343 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Long Term (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 69.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 295,031.099 Feb 2024 monthly Jan 1999 - Feb 2024
Money Supply M2 (USD mn) 391,645.679 Feb 2024 monthly Jan 1999 - Feb 2024
M2 Growth (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 188.5 Feb 2024 monthly Jan 1999 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 0.224 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 0.1 Jan 2024 monthly Jan 1999 - Jan 2024
Gold Reserves (USD mn) 148.116 Feb 2024 monthly Jan 1999 - Feb 2024
Total Deposits (USD mn) 855,753.887 Dec 2023 quarterly Mar 2003 - Dec 2023
Total Deposits Growth (%) -1.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Domestic Credit (USD mn) 149,821.8 Jan 2024 monthly Jan 1999 - Jan 2024
Domestic Credit Growth (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 2024
Credit to Households (USD bn) 57.797 Sep 2023 quarterly Mar 1995 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 322.629 Sep 2023 quarterly Mar 1995 - Sep 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 737,377.642 Feb 2024 monthly Jan 2001 - Feb 2024
Total Loans Growth (%) -4.07 Feb 2024 monthly Jan 2002 - Feb 2024
Private Debt: % of Nominal GDP (%) 93.17 Dec 2023 quarterly Mar 1999 - Dec 2023
Money Supply: M3: M2: M1 (EUR bn) 274.200 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3 (EUR bn) 472.900 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Money Supply: M3: M2 (EUR bn) 363.400 Jan 2024 monthly Jan 1999 - Jan 2024
Official Reserve Assets (EUR mn) 2,727.227 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets: Foreign Exchange (EUR mn) 174.422 Feb 2024 monthly Jan 1999 - Feb 2024
Bank Deposits: Domestic (EUR mn) 309,368.600 Feb 2024 monthly Jan 2003 - Feb 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 173,440.782 Feb 2024 monthly Jan 1999 - Feb 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -10.8 Mar 2024 monthly Jan 1986 - Mar 2024

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