Luxembourg’s economy contracted 0.9% quarter-on-quarter in the second quarter of 2026, reversing from a revised 0.3% growth in the previous three-month period. This marked the first contraction after six straight quarters of growth, as declines were recorded in gross fixed investment (-1.9% vs 6.3% in Q1), and household expenditure (-0.3% vs -0.8%), while growth eased for government spending (1.1% vs 1.8%). Net trade also weighed on the economy, with both exports (-0.4% vs -1.2%) and imports (-0.8% vs -2.1%) declining at softer rates. On the production side, declines were seen in industry, including energy and water distribution (-3.7% vs -1.6%), construction (-2.1% vs 2.7%), trade, transport, accommodation and food services (-0.8% vs 1.1%), and financial and insurance activities (-1.5% vs -0.7%). Conversely, growth was recorded in agriculture, forestry, and fishing (4.5% vs 0.9%). On an annual basis, GDP grew 1.3% in Q2, slowing from a revised 2.8% rise in the prior quarter. source: STATEC, Luxembourg

The Gross Domestic Product (GDP) in Luxembourg contracted 0.90 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Luxembourg averaged 0.71 percent from 1995 until 2026, reaching an all time high of 8.50 percent in the third quarter of 2020 and a record low of -6.80 percent in the second quarter of 2020. This page provides - Luxembourg GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Luxembourg contracted 0.90 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Luxembourg is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg GDP Growth Rate is projected to trend around 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-05 09:00 AM
GDP Growth Rate QoQ
Q1 0.0% 0.0% 0.1%
2026-10-07 09:00 AM
GDP Growth Rate QoQ
Q2 -0.9% 0.3% -0.1%
2026-12-07 10:00 AM
GDP Growth Rate QoQ
Q3 -0.9% -0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 0.60 0.40 percent Dec 2025
GDP Growth Rate YoY 1.30 2.80 percent Jun 2026
GDP Constant Prices 16480.57 16622.52 EUR Million Jun 2026
GDP Growth Rate -0.90 0.30 percent Jun 2026
Gross Fixed Capital Formation 2694.50 2755.10 EUR Million Jun 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 0.30 8.50 -6.80 1995 - 2026 percent Quarterly
SA

News Stream
Luxembourg Economy Contracts in Q2
Luxembourg’s economy contracted 0.9% quarter-on-quarter in the second quarter of 2026, reversing from a revised 0.3% growth in the previous three-month period. This marked the first contraction after six straight quarters of growth, as declines were recorded in gross fixed investment (-1.9% vs 6.3% in Q1), and household expenditure (-0.3% vs -0.8%), while growth eased for government spending (1.1% vs 1.8%). Net trade also weighed on the economy, with both exports (-0.4% vs -1.2%) and imports (-0.8% vs -2.1%) declining at softer rates. On the production side, declines were seen in industry, including energy and water distribution (-3.7% vs -1.6%), construction (-2.1% vs 2.7%), trade, transport, accommodation and food services (-0.8% vs 1.1%), and financial and insurance activities (-1.5% vs -0.7%). Conversely, growth was recorded in agriculture, forestry, and fishing (4.5% vs 0.9%). On an annual basis, GDP grew 1.3% in Q2, slowing from a revised 2.8% rise in the prior quarter.
2026-10-07
Luxembourg Economy Stagnates in Q1
Luxembourg’s economy recorded a flat quarter-on-quarter reading in the first quarter of 2026, unchanged from the previous quarter. The stagnation was mainly driven by a decline in household consumption (-0.6% vs 0.6% in Q4), while growth in public spending slowed (0.8% vs 1.1%). Net trade also weighed on the economy, as imports fell at a slower pace than exports. Meanwhile, the weakness was partly offset by a sharp recovery in fixed investment (5.2% vs -12.0%). On the production side, agricultural activity accelerated (2.5% vs 0.5%), while construction (2.4% vs -0.5%), commerce (1.7% vs -1.4%), and real estate (0.7% vs -0.4%) returned to growth. On an annual basis, GDP grew 1.6% in Q1, easing from a downwardly revised 2.1% expansion.
2026-06-05
Luxembourg Economy Contracts in Q4 as Investment Plummets
Luxembourg’s economy shrank by 0.1% in Q4 2025, following an upwardly revised 1.2% expansion in Q3, ending a streak of four consecutive quarters of solid growth. The contraction was mainly driven by a sharp drop in fixed investment (-11.5% vs 12.8% in Q3), while growth also slowed for household consumption (0.8% vs 1.1%) and public spending (1.1% vs 1.5%). Net trade provided a modest boost, as exports fell less than imports. On an annual basis, Luxembourg’s GDP growth eased to 2.4% in Q4, down from 3.2% in the previous quarter. For the full year 2025, the economy grew 0.6%, slightly above 0.4% in 2024 but still well below the historical average of 2.5% per year during 2010–2019.
2026-03-06