The GDP in Luxembourg was unchanged in the second quarter of 2018, after a downwardly revised 0.9 percent growth in the previous three month period. Household consumption (0.3 percent from 1.5 percent in Q1) and government spending (0.4 percent from 0.6 percent) slowed and fixed investment contracted (-3.7 percent from -6 percent). On the other hand, net external demand contributed positively to growth, as exports advanced 2.3 percent (0.8 percent in Q1) and imports went up at a softer 1.7 percent (1.3 percent in Q1). Year-on-year, the gross domestic product advanced 3.1 percent, following a downwardly revised 3.2 percent expansion in the first quarter of 2018. GDP Growth Rate in Luxembourg averaged 0.84 percent from 1995 until 2018, reaching an all time high of 6.60 percent in the fourth quarter of 1995 and a record low of -4.20 percent in the first quarter of 1996.

GDP Growth Rate in Luxembourg is expected to be 0.70 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 0.40 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
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-21 11:00 AM GDP Growth Rate QoQ 1.7% 0.7% 0.4%
2018-03-22 11:00 AM GDP Growth Rate QoQ -0.1% 1.8% 0.7%
2018-06-21 10:00 AM GDP Growth Rate QoQ 2.0% 0.1% 1.1%
2018-10-19 10:00 AM GDP Growth Rate QoQ 0% 0.9% 0.9%
2018-12-21 11:00 AM GDP Growth Rate QoQ 0% 1.2%
2019-03-22 11:00 AM GDP Growth Rate QoQ 0.70%
2019-06-21 10:00 AM GDP Growth Rate QoQ 0.80%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 0.90 6.60 -4.20 percent [+]
GDP Annual Growth Rate 3.10 3.20 12.40 -6.90 percent [+]
GDP 62.40 58.63 66.33 0.70 USD Billion [+]
GDP Constant Prices 12280.90 12278.50 12280.90 7602.60 EUR Million [+]
Gross Fixed Capital Formation 2258.50 2345.10 2662.90 1087.60 EUR Million [+]
GDP per capita 107865.27 108600.94 111968.35 27085.59 USD [+]
GDP per capita PPP 94277.97 94920.96 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.90 6.60 -4.20 1995 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18


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