Luxembourg GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

Luxembourg's gross domestic product grew 0.6 percent on quarter in the three months to June of 2017, recovering from a downwardly revised 0.4 percent contraction in the previous period. Household consumption rebounded (0.1 percent from -0.6 percent in Q1) and government spending rose at a faster pace (0.7 percent from 0.6 percent). In addition, net trade contributed positively, as exports jumped 2.4 percent (0.4 percent in Q1) and imports went up at a slower 0.6 percent (1.6 percent in Q1). Meanwhile, fixed investment shrank 6.2 percent, following an increase of 5 percent in the previous period. Year-on-year, the GDP grew 2.2 percent, easing from an upwardly revised 4 percent expansion in the first quarter. GDP Growth Rate in Luxembourg averaged 0.87 percent from 1995 until 2017, reaching an all time high of 6.30 percent in the fourth quarter of 1995 and a record low of -4 percent in the first quarter of 1996.

Luxembourg GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-03-31 10:00 AM GDP Growth Rate QoQ 1.3% 1% 1.1%
2017-06-22 09:20 AM GDP Growth Rate QoQ 0.1% 1.2% 0.5%
2017-10-11 10:00 AM GDP Growth Rate QoQ 0.6% -0.4% 0.7%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 -0.40 6.30 -4.00 percent [+]
GDP Annual Growth Rate 2.20 4.00 12.60 -7.00 percent [+]
GDP 59.95 58.05 66.30 0.70 USD Billion [+]
GDP Constant Prices 12288.80 11871.90 12622.40 7541.10 EUR Million [+]
Gross Fixed Capital Formation 2074.40 2302.90 2547.40 1089.00 EUR Million [+]
GDP per capita 111000.96 109047.32 111968.35 27085.59 USD [+]
GDP per capita PPP 97018.66 95311.11 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 -0.40 6.30 -4.00 1995 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.30 Sep/17