The economy of Luxembourg grew 2.2 percent on quarter in the three months to June 2019, following an upwardly revised 1.1 percent expansion in the previous period. Household consumption rebounded firmly (0.9 percent vs -0.1 percent) and net external demand contributed positively to the GDP as exports jumped 1.4 percent (vs 0.3 percent in Q1) and imports increased at a softer 0.2 percent (vs 0.3 percent in Q1). Meanwhile, government consumption rose at a slower pace (0.5 percent vs 1.1 percent) and fixed investment slumped 0.6 percent, after showing no growth in the first quarter. Year-on-year, the economy grew 3.7 percent, compared to 1 percent in the previous period. GDP Growth Rate in Luxembourg averaged 0.88 percent from 1995 until 2019, reaching an all time high of 6.70 percent in the fourth quarter of 1995 and a record low of -4.40 percent in the first quarter of 1996.

GDP Growth Rate in Luxembourg is expected to be 0.50 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 0.50 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Luxembourg GDP Growth Rate
Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 11:00 AM GDP Growth Rate QoQ Q3 0.6% 0.1% 1.2%
2019-03-21 11:00 AM GDP Growth Rate QoQ Q4 0.3% 0.5% 0.7%
2019-06-21 10:00 AM GDP Growth Rate QoQ Q1 0.3% 0.6% 0.4%
2019-10-09 10:00 AM GDP Growth Rate QoQ Q2 2.2% 1.1% 0.4%
2019-12-20 11:00 AM GDP Growth Rate QoQ Q3 2.2% 0.7%


Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.20 1.10 6.70 -4.40 percent [+]
GDP Annual Growth Rate 3.70 1.00 12.10 -7.00 percent [+]
GDP 69.49 62.32 69.49 0.70 USD Billion [+]
GDP Constant Prices 13127.80 12433.90 13127.80 7601.50 EUR Million [+]
Gross Fixed Capital Formation 2297.70 2375.50 2717.50 1089.40 EUR Million [+]
GDP per capita 107243.20 106519.60 111968.30 27085.59 USD [+]
GDP per capita PPP 93734.28 93101.79 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.10 6.70 -4.40 1995 - 2019 percent Quarterly




Country Last Previous
South Africa 3.10 Jun/19 -3.1
Indonesia 3.06 Sep/19 4.2
Singapore 2.10 Sep/19 -2.7
United States 1.90 Sep/19 2
China 1.50 Sep/19 1.6
Turkey 1.20 Jun/19 1.6
India 1.00 Jun/19 1.3
Canada 0.90 Jun/19 0.1
Australia 0.50 Jun/19 0.5
Brazil 0.40 Jun/19 -0.1
Netherlands 0.40 Sep/19 0.4
South Korea 0.40 Sep/19 1
Spain 0.40 Sep/19 0.4
France 0.30 Sep/19 0.3
Switzerland 0.30 Jun/19 0.4
United Kingdom 0.30 Sep/19 -0.2
Euro Area 0.20 Sep/19 0.2
Russia 0.20 Jun/19 0.2
Germany 0.10 Sep/19 -0.2
Italy 0.10 Sep/19 0.1
Japan 0.10 Sep/19 0.4
Mexico 0.10 Sep/19 0
Argentina -0.30 Jun/19 0
Saudi Arabia -1.30 Mar/19 1.07


Related

Latest