Luxembourg GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

Luxembourg's economy expanded 2.0 percent on quarter in the three months to March of 2018, following a revised 0.1 percent rise in the previous period. It was the fastest growth since the second quarter of 2016, mainly boosted by fixed investment which advanced 6.4 percent, recovering sharply from a 1.1 percent decline in Q4; and government spending that rose at a faster 1.6 percent, after a 0.9 percent increase. Meanwhile, household consumption went up 0.8 percent, slowing from a 1.2 percent expansion in Q4. Also, net external demand contributed negatively to growth, as imports surged 2.4 percent (0.7 percent in Q4) and exports increased at a slower 1.2 percent (-0.4 percent in Q4). Year-on-year, the gross domestic product advanced 5.1 percent, the most since the second quarter of 2015, compared to an upwardly revised 1.8 percent rise in Q4. GDP Growth Rate in Luxembourg averaged 0.88 percent from 1995 until 2018, reaching an all time high of 6.30 percent in the fourth quarter of 1995 and a record low of -4.10 percent in the fourth quarter of 2008.

Luxembourg GDP Growth Rate
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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%
2018-09-21 10:00 AM GDP Growth Rate QoQ 2.0% 0.50%
2018-12-21 11:00 AM GDP Growth Rate QoQ 1.20%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 0.10 6.30 -4.10 percent [+]
GDP Annual Growth Rate 5.10 1.80 12.50 -7.10 percent [+]
GDP 62.40 58.63 66.33 0.70 USD Billion [+]
GDP Constant Prices 12596.40 12355.50 12596.40 7607.60 EUR Million [+]
Gross Fixed Capital Formation 2222.60 2099.40 2551.60 1070.80 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 0.10 6.30 -4.10 1995 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.10 Jun/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 1.00 Mar/18
Russia 0.85 Mar/18
Netherlands 0.70 Jun/18
South Korea 0.70 Jun/18
Spain 0.60 Jun/18
Switzerland 0.60 Mar/18
Germany 0.50 Jun/18
Japan 0.50 Jun/18
Brazil 0.40 Mar/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Canada 0.30 Mar/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Mexico -0.10 Jun/18


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