Currency +/- Value in Luxembourg compared to Europe

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Click name of country for detailed information
Iceland $ 1.40
Switzerland $ 1.32
Denmark $ 1.14
Finland $ 1.04
Sweden $ 1.04
Norway $ 1.04
Luxembourg $ 0.99
Ireland $ 0.95
Austria $ 0.94
Belgium $ 0.93
France $ 0.91
Netherlands $ 0.90
UK $ 0.89
Germany $ 0.88
Italy $ 0.83
Spain $ 0.74
Cyprus $ 0.68
Portugal $ 0.68
Greece $ 0.68
Slovenia $ 0.68
Malta $ 0.65
Estonia $ 0.62
Latvia $ 0.56
Czech Rep. $ 0.56
Croatia $ 0.53
Slovak Rep. $ 0.53
Lithuania $ 0.52
Hungary $ 0.47
Poland $ 0.46
Romania $ 0.43
Montenegro $ 0.41
Bosnia & H. $ 0.40
Moldova $ 0.40
Turkey $ 0.39
Russia $ 0.37
Bulgaria $ 0.37
Serbia $ 0.37
Albania $ 0.36
Macedonia $ 0.36
Belarus $ 0.30
Ukraine $ 0.28
Liechtenstein $ 0.00
Andorra $ 0.00
Monaco $ 0.00

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 average apartment price time-series starting Q1 2007, available on-line from the Service Central de la Statistique et des Etudes Economiques du Luxembourg (Statec). The Ministere du Logement also publishes quarterly advertised selling prices of houses. General economic statistics can be got from the Banque Centrale du Luxembourg, and from Statec.