The economy of Luxembourg advanced 0.3% on quarter in the first three months of 2019, after an upwardly revised 0.6 percent growth in the previous period. It was the weakest expansion since Q2 2018. Household consumption (0.2% vs 0.7% in Q4) and government spending (0.2% vs 1.7%) slowed sharply and gross capital formation shrank (-4.7% vs 4.3%). Meanwhile, net external demand contributed negatively to growth, as exports fell 0.4% (vs 1.0% in Q4) and imports decreased 0.5% (vs 1.6% in Q4). Year-on-year, the GDP grew 1.6%, the least since Q3 2017, compared to 1.7% in the previous period. GDP Growth Rate in Luxembourg averaged 0.83 percent from 1995 until 2019, reaching an all time high of 6.70 percent in the fourth quarter of 1995 and a record low of -4.40 percent in the first quarter of 1996.

GDP Growth Rate in Luxembourg is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Luxembourg to stand at 0.50 in 12 months time. In the long-term, the Luxembourg GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Luxembourg GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-19 10:00 AM GDP Growth Rate QoQ Q2 0% 0.9% 0.9%
2018-12-21 11:00 AM GDP Growth Rate QoQ Q3 0.6% 0.1% 1.2%
2019-03-21 11:00 AM GDP Growth Rate QoQ Q4 0.3% 0.5% 0.7%
2019-06-21 10:00 AM GDP Growth Rate QoQ Q1 0.3% 0.6% 0.4%
2019-09-20 10:00 AM GDP Growth Rate QoQ Q2 0.3% 0.6%
2019-12-20 11:00 AM GDP Growth Rate QoQ Q3 0.4%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.60 6.70 -4.40 percent [+]
GDP Annual Growth Rate 1.60 1.70 12.30 -6.90 percent [+]
GDP 69.49 62.32 69.49 0.70 USD Billion [+]
GDP Constant Prices 12433.90 12392.70 12433.90 7601.50 EUR Million [+]
Gross Fixed Capital Formation 2375.50 2493.80 2717.50 1089.40 EUR Million [+]
GDP per capita 107243.20 106519.60 111968.30 27085.59 USD [+]
GDP per capita PPP 93734.28 93101.79 97864.20 57618.02 USD [+]


Luxembourg GDP Growth Rate

The economy of Luxembourg is dependent on the banking, steel, and industrial sectors and the country has one of the highest GDP per capita in the world. On the expenditure side, external balance of exports and imports is the main component of GDP and accounts for 35 percent of its total use, as exports of goods and services account for 200 percent while imports account for 165 percent. It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent). This page provides - Luxembourg GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.60 6.70 -4.40 1995 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Mexico 0.10 Jun/19
Italy 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


Related

Latest