Full Year GDP Growth in Luxembourg increased to 6 percent in 2021 from -0.80 percent in 2020. source: STATEC, Luxembourg

Full Year GDP Growth in Luxembourg averaged 3.25 percent from 1996 until 2021, reaching an all time high of 8.20 percent in 1999 and a record low of -3.20 percent in 2009. This page includes a chart with historical data for Luxembourg Full Year GDP Growth. Luxembourg Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Full Year GDP Growth in Luxembourg is expected to reach 1.20 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Full Year GDP Growth is projected to trend around 2.30 percent in 2024 and 2.10 percent in 2025, according to our econometric models.

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Luxembourg Full Year GDP Growth

Luxembourg Full Year GDP Growth
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).
Actual Previous Highest Lowest Dates Unit Frequency
6.00 -0.80 8.20 -3.20 1996 - 2021 percent Yearly