Harmonized Euro area rates: Loans, Over 5 years New Business, House in Luxembourg
Luxembourg: Harmonized Euro area rates: Loans, Over 5 years New Business, House was 2.67 in 2023. ▼ Falling
Harmonized Euro area rates: Loans, Over 5 years New Business, House in Luxembourg, 2003–2023
Source: International Monetary Fund.
Analysis
Luxembourg recorded 2.67 for harmonized euro area rates: loans, over 5 years new business, house in 2023.
The figure is up 58.0% on the previous year and up 18.9% over ten years.
Over the whole period, harmonized euro area rates: loans, over 5 years new business, house in Luxembourg peaked at 4.98 in 2008 and was at its lowest, 1.61, in 2021.
That places Luxembourg 16th out of 23 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Harmonized Euro area rates: Loans, Over 5 years New Business, House in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 3.89 | — |
| 2004 | 3.56 | -8.4% |
| 2005 | 3.44 | -3.3% |
| 2006 | 3.97 | +15.2% |
| 2007 | 4.82 | +21.3% |
| 2008 | 4.98 | +3.4% |
| 2009 | 2.69 | -45.9% |
| 2010 | 2.29 | -15.1% |
| 2011 | 2.35 | +2.8% |
| 2012 | 2.23 | -5.0% |
| 2013 | 2.24 | +0.5% |
| 2014 | 2.15 | -4.2% |
| 2015 | 2.06 | -4.5% |
| 2016 | 1.98 | -3.7% |
| 2017 | 1.9 | -4.0% |
| 2018 | 1.85 | -2.6% |
| 2019 | 1.81 | -2.1% |
| 2020 | 1.71 | -5.6% |
| 2021 | 1.61 | -5.8% |
| 2022 | 1.69 | +4.9% |
| 2023 | 2.67 | +58.0% |
Luxembourg compared with similar countries
- Luxembourg's 2.67 is below the median for Europe & Central Asia, which is 3.31, 81% of the median. (22 countries reporting)
- Luxembourg's 2.67 is below the median for high income countries, which is 3.22, 83% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Harmonized Euro area rates: Loans, Over 5 years New Business, House in Luxembourg changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +58.0% | 1.69 | 2.67 |
| 2009 | -45.9% | 4.98 | 2.69 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.91 | 2.69 | 4.98 | 7 |
| 2010s | 2.09 | 1.81 | 2.35 | 10 |
| 2020s | 1.92 | 1.61 | 2.67 | 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, over 5 years new business, house in Luxembourg?
- Harmonized euro area rates: loans, over 5 years new business, house in Luxembourg was 2.67 in 2023, according to International Monetary Fund.
- What is the highest harmonized euro area rates: loans, over 5 years new business, house recorded in Luxembourg?
- The highest recorded value was 4.98 in 2008.
- What is the lowest harmonized euro area rates: loans, over 5 years new business, house recorded in Luxembourg?
- The lowest recorded value was 1.61 in 2021.
- How does Luxembourg rank for harmonized euro area rates: loans, over 5 years new business, house?
- Luxembourg ranks 16th out of 23 countries with data for 2023.
- Is harmonized euro area rates: loans, over 5 years new business, house rising or falling in Luxembourg?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is falling.
- Where does this Luxembourg data come from?
- The figures come from International Monetary Fund, published as part of Harmonized Euro area rates: Loans, Over 5 years New Business, House purchase, Households, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
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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.