Luxembourg

Price of Goods in US$, which in US would Cost $1 - Luxembourg Compared to Continent

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Albania	€0.59
Austria	€1.26
Belarus	€0.51
Belgium	€1.30
Bosnia & H.	€0.61
Bulgaria	€0.56
Croatia	€0.84
Cyprus	€1.10
Czech Rep.	€0.83
Denmark	€1.68
Estonia	€0.85
Finland	€1.43
France	€1.35
Germany	€1.26
Greece	€1.05
Hungary	€0.80
Iceland	€1.39
Ireland	€1.45
Italy	€1.27
Latvia	€0.88
Lithuania	€0.74
Luxembourg	€1.37
Macedonia	€0.51
Malta	€0.85
Moldova	€0.57
Montenegro	€0.69
Netherlands	€1.29
Norway	€1.78
Poland	€0.79
Portugal	€1.04
Romania	€0.74
Russia	€0.74
Serbia	€0.63
Slovak Rep.	€0.80
Slovenia	€0.92
Spain	€1.15
Sweden	€1.42
Switzerland	€1.58
Turkey	€0.80
UK	€1.20
Ukraine	€0.53

 

 

Luxembourg: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database

 

Luxembourg publishes an apartment price time-series, with square metre prices for new and existing one family houses, apartments and apartment houses, since 1985, based on National Statistical Institute data, and available on-line from the Service Central de la Statistique et des Etudes Economiques du Luxembourg (Statec). General economic statistics can be got from the Banque Centrale du Luxembourg, and from Statec.