Harmonized Euro Area rates: Loans, consumer credit and other, Up to 1 in Luxembourg
Luxembourg: Harmonized Euro Area rates: Loans, consumer credit and other, Up to 1 was 8.71 in 2023. ▲ Rising
Harmonized Euro Area rates: Loans, consumer credit and other, Up to 1 in Luxembourg, 2003–2023
Source: International Monetary Fund.
Analysis
The most recent figure for harmonized euro area rates: loans, consumer credit and other, up to 1 in Luxembourg is 8.71, measured in 2023. That is the highest value across all 21 years on record.
The figure is up 41.2% on the previous year and up 130.3% over ten years.
Over the whole period, harmonized euro area rates: loans, consumer credit and other, up to 1 in Luxembourg peaked at 8.71 in 2023 and was at its lowest, 2.95, in 2009.
Luxembourg ranks 12th of 23 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Harmonized Euro Area rates: Loans, consumer credit and other, Up to 1 in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 4.06 | — |
| 2004 | 3.75 | -7.7% |
| 2005 | 3.72 | -0.9% |
| 2006 | 4.18 | +12.3% |
| 2007 | 4.91 | +17.5% |
| 2008 | 5.4 | +10.0% |
| 2009 | 2.95 | -45.3% |
| 2010 | 3.38 | +14.5% |
| 2011 | 4.43 | +31.1% |
| 2012 | 3.88 | -12.5% |
| 2013 | 3.79 | -2.4% |
| 2014 | 4.12 | +8.7% |
| 2015 | 4.28 | +3.9% |
| 2016 | 4.14 | -3.2% |
| 2017 | 4.15 | +0.3% |
| 2018 | 4 | -3.8% |
| 2019 | 5.11 | +27.9% |
| 2020 | 5.38 | +5.3% |
| 2021 | 5.59 | +4.0% |
| 2022 | 6.17 | +10.4% |
| 2023 | 8.71 | +41.2% |
Luxembourg compared with similar countries
- Luxembourg's 8.71 is below the median for Europe & Central Asia, which is 8.94, 97% of the median. (22 countries reporting)
- Luxembourg's 8.71 is above the median for high income countries, which is 8.71, 1.0× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.14 | 2.95 | 5.4 | 7 |
| 2010s | 4.13 | 3.38 | 5.11 | 10 |
| 2020s | 6.47 | 5.38 | 8.71 | 4 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Reserve position in the IMF, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 683.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 499.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 683.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.09 % change on previous year (2025)
Frequently asked questions
- What is harmonized euro area rates: loans, consumer credit and other, up to 1 in Luxembourg?
- Harmonized euro area rates: loans, consumer credit and other, up to 1 in Luxembourg was 8.71 in 2023, according to International Monetary Fund.
- What is the highest harmonized euro area rates: loans, consumer credit and other, up to 1 recorded in Luxembourg?
- The highest recorded value was 8.71 in 2023.
- What is the lowest harmonized euro area rates: loans, consumer credit and other, up to 1 recorded in Luxembourg?
- The lowest recorded value was 2.95 in 2009.
- How does Luxembourg rank for harmonized euro area rates: loans, consumer credit and other, up to 1?
- Luxembourg ranks 12th out of 23 countries with data for 2023.
- Is harmonized euro area rates: loans, consumer credit and other, up to 1 rising or falling in Luxembourg?
- Over the last ten years it is up 130.3%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures come from International Monetary Fund, published as part of Harmonized Euro Area rates: Loans, consumer credit and other, Up to 1 year Outstanding Amounts, Households, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.