In Luxembourg, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Luxembourg. Locally, the central bank of Luxembourg is called Banque Centrale du Luxembourg. The average deposit interest rate offered by local banks in Luxembourg is 3%.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Luxembourg is $53672 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Luxembourg was last recorded at $91 million. PPP in Luxembourg is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance.