The Gross Domestic Product (GDP) in Luxembourg expanded 11.80 percent in the second quarter of 2021 over the same quarter of the previous year. source: STATEC, Luxembourg

GDP Annual Growth Rate in Luxembourg averaged 3.40 percent from 1996 until 2021, reaching an all time high of 12.10 percent in the first quarter of 2000 and a record low of -8 percent in the second quarter of 2020. This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Luxembourg is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg GDP Annual Growth Rate is projected to trend around 3.80 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Luxembourg GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-06-14 10:00 AM Q1 4.9% 1.7% 2%
2021-09-30 10:00 AM Q2 11.8% 5.2% 7.5%
2021-12-13 11:00 AM Q3 11.8% 4.2%

Related Last Previous Unit Reference
GDP Growth Rate -0.50 3.20 percent Jun/21
GDP Annual Growth Rate 11.80 5.20 percent Jun/21
GDP Constant Prices 15732.70 13529.30 EUR Million Jun/21
Gross Fixed Capital Formation 2872.80 2250.40 EUR Million Jun/21
Luxembourg GDP Annual Growth Rate
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).