The Gross Domestic Product (GDP) in Luxembourg expanded 3.70 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Luxembourg averaged 3.53 percent from 1996 until 2019, reaching an all time high of 12.10 percent in the first quarter of 2000 and a record low of -7 percent in the second quarter of 2009.

GDP Annual Growth Rate in Luxembourg is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Luxembourg to stand at 2.20 in 12 months time. In the long-term, the Luxembourg GDP Annual Growth Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.

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Luxembourg GDP Annual Growth Rate
Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 11:00 AM GDP Growth Rate YoY Q3 3.1% 3.3% 3.4%
2019-03-21 11:00 AM GDP Growth Rate YoY Q4 1.7% 2.8% 3.2%
2019-06-21 10:00 AM GDP Growth Rate YoY Q1 1.6% 1.7% 2.9%
2019-10-09 10:00 AM GDP Growth Rate YoY Q2 3.7% 1% 1.5%
2019-12-20 11:00 AM GDP Growth Rate YoY Q3 3.6% 2.3%


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 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). This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 1.00 12.10 -7.00 1996 - 2019 percent Quarterly




Country Last Previous
China 6.00 Sep/19 6.2
Indonesia 5.02 Sep/19 5.05
India 5.00 Jun/19 5.8
South Korea 2.00 Sep/19 2
Spain 2.00 Sep/19 2
United States 2.00 Sep/19 2.3
Netherlands 1.90 Sep/19 1.8
Russia 1.70 Sep/19 0.9
Canada 1.60 Jun/19 1.4
Australia 1.40 Jun/19 1.7
France 1.30 Sep/19 1.4
Euro Area 1.10 Sep/19 1.2
Brazil 1.00 Jun/19 0.5
Japan 1.00 Jun/19 1
United Kingdom 1.00 Sep/19 1.3
South Africa 0.90 Jun/19 0
Argentina 0.60 Jun/19 -5.8
Germany 0.50 Sep/19 0.4
Saudi Arabia 0.50 Jun/19 1.7
Italy 0.30 Sep/19 0.1
Switzerland 0.20 Jun/19 1
Singapore 0.10 Sep/19 0.1
Mexico -0.40 Sep/19 -0.8
Turkey -1.50 Jun/19 -2.4


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