The economy of Luxembourg advanced 0.6 percent on quarter in the third quarter of 2018, after an upwardly revised 0.1 percent growth in the prior three month period. It is the quickest expansion since the fourth quarter of 2017, as household consumption (0.7% vs 0.6% in Q2) and government spending (1.5% vs 0.2%) rose faster. Also, net external demand contributed positively to growth, as exports advanced 1.6 percent (vs 1.9% in Q2) and imports went up at a slower 1.5 percent (vs 1.2% in Q2). In contrast, fixed investment declined further (-2.8 percent vs-0.5 percent). On the production side, significant recoveries were seen in finance & insurance (0.9% vs -2.5%); trade, transport, restaurants & hotels (0.8% vs -0.1%); business services (0.5% vs -0.1%) and information and communication services (6.6% vs -5%). Year-on-year, the gross domestic product expanded 3.1 percent, after an upwardly revised 3.3 percent rise in the second quarter of 2018. GDP Growth Rate in Luxembourg averaged 0.85 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
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 0.6% 0.1% 1.2%
2019-03-21 11:00 AM GDP Growth Rate QoQ 0.6% 0.7%
2019-06-21 10:00 AM GDP Growth Rate QoQ
2019-09-20 10:00 AM GDP Growth Rate QoQ 0.6%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.10 6.60 -4.20 percent [+]
GDP Annual Growth Rate 3.10 3.30 12.40 -6.90 percent [+]
GDP 62.40 58.63 66.33 0.70 USD Billion [+]
GDP Constant Prices 12370.00 12296.70 12370.00 7602.70 EUR Million [+]
Gross Fixed Capital Formation 2278.60 2440.30 2648.70 1087.70 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.10 6.60 -4.20 1995 - 2018 percent Quarterly




Country Last Previous
United States 3.40 Sep/18
Indonesia 3.09 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Singapore 1.60 Dec/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
Australia 0.30 Sep/18
France 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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