Luxembourg scores 30 out of 100 on Bullrun's six-pillar economic stress index, which places it in the "Watch" band. The score draws on 11 of the 11 indicators held here, covering 6 of 6 pillars. The freshest reading is from 2026-08; the oldest that feeds the score is from 2025.
Economic stress score
Composite stress30 / 100Watch
Pillars covered6 / 6
Indicators scored11 / 11
Pillar
Stress
Band
Indicators scored
Labour
50 / 100
Elevated
3 / 3
Housing
25 / 100
Calm
1 / 1
Credit
17 / 100
Calm
2 / 2
Fiscal
61 / 100
Stretched
2 / 2
External
3 / 100
Calm
1 / 1
Cycle
22 / 100
Calm
2 / 2
Higher is more stressed. A pillar holding readings but scoring none - every one stale - shows "n/a" rather than zero.
Labour
Indicator
Latest
Period
Source
Stress
How it is scored
Unemployment rate
7.1%
2026-07
OECD
46
Scored on a fixed cross-country scale
Unemployment momentum
0.67pp
2026-07
OECD
60
Sahm gap: 3-month average against its own 12-month low
Youth unemployment (15-24)
20.1%
2026-07
OECD
45
Scored on a fixed cross-country scale
Housing
Indicator
Latest
Period
Source
Stress
How it is scored
Real house prices, YoY
0.06%
2026-Q1
BIS
25
Scored on a fixed cross-country scale
Credit
Indicator
Latest
Period
Source
Stress
How it is scored
Credit-to-GDP gap
-38.3pp
2026-Q1
BIS
0
Scored on a fixed cross-country scale
Household credit (% of GDP)
58.2%
2026-Q1
BIS
33
Scored against its own last 80 quarters
Fiscal
Indicator
Latest
Period
Source
Stress
How it is scored
Government debt (% of GDP)
27%
2025
IMF
98
Scored against its own last 20 years
Fiscal balance (% of GDP)
-1%
2025
IMF
23
Scored on a fixed cross-country scale
External
Indicator
Latest
Period
Source
Stress
How it is scored
Current account (% of GDP)
4.7%
2025
IMF
3
Scored on a fixed cross-country scale
Cycle
Indicator
Latest
Period
Source
Stress
How it is scored
Real GDP growth
1.65%
2026-Q1
OECD
33
Scored on a fixed cross-country scale
Consumer inflation
2.16%
2026-08
OECD
11
Scored on a fixed cross-country scale
How this score is built
Each indicator is turned into a 0-100 stress reading, either on a fixed cross-country scale or - where a raw level means different things in different economies - as a percentile against that country's own twenty-year history. Readings average into six pillars, and the pillars into the composite.
Three rules keep a thinly-covered country from looking calm: a country covering fewer than 4 of 6 pillars is refused a composite rather than given a low one; coverage is printed on the face of the score rather than hidden in a footnote; and a stale reading stays visible with its date, marked not scored, instead of being dropped.
Indicators come from OECD, BIS, IMF and World Bank releases at their published frequencies, so the periods above genuinely differ from row to row - a monthly unemployment print and an annual current-account balance can be more than a year apart. See the data license.