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

Luxembourg's economy contracted 0.1 percent on quarter in the three months to December of 2017, following an upwardly revised 1.8 percent growth in the previous period. Net external demand contributed negatively with imports rising 0.7 percent (1.5 percent in Q3) and exports falling 0.4 percent (3.5 percent in Q3). Meanwhile, household consumption rose at a faster 1.2 percent from 0.8 percent in the previous period and government spending grew slightly by 0.5 percent after a 0.4 percent increase. Also, fixed investment declined much less (-1 percent from -15.7 percent). Year-on-year, the gross domestic product advanced 1.6 percent, compared to a downwardly revised 3.1 percent rise in Q3. In 2017 as a whole, the GDP expanded 2.3 percent compared to 3.1 percent rise in 2016. It was the slowest growth since a 0.4 percent fall was recorded in 2012. 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
2017-10-11 10:00 AM GDP Growth Rate QoQ 0.6% -0.4% 0.7%
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 -0.1% 1.40%
2018-09-21 10:00 AM GDP Growth Rate QoQ 0.50%
2018-12-21 11:00 AM GDP Growth Rate QoQ 1%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 1.80 6.30 -4.00 percent [+]
GDP Annual Growth Rate 1.60 3.10 12.60 -7.00 percent [+]
GDP 59.95 58.05 66.30 0.70 USD Billion [+]
GDP Constant Prices 12826.80 12024.40 12826.80 7536.90 EUR Million [+]
Gross Fixed Capital Formation 2072.20 2012.60 2549.70 1070.90 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 1.80 6.30 -4.00 1995 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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