Luxembourg GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

Luxembourg's gross domestic product advanced 0.7 percent on the quarter in the first three months of 2016, easing from an upwardly revised 1.5 percent expansion in the previous period. Fixed investment (+1.8 percent from -7.8 percent in Q4) and government spending (+1.1 percent from -0.3 percent in Q4) were the main drivers of growth, while a contraction in household consumption (-0.7 percent after stalling in Q4) dragged expansion down. Meanwhile, net external demand contributed positively, as exports rose 1.4 percent while imports went up at a slower 1.1 percent. Compared with the same month a year earlier, the economy advanced 4.4 percent. GDP Growth Rate in Luxembourg averaged 0.92 percent from 1995 until 2016, reaching an all time high of 7.90 percent in the first quarter of 2000 and a record low of -5.50 percent in the fourth quarter of 2008. GDP Growth Rate in Luxembourg is reported by the STATEC, Luxembourg.

Luxembourg GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.50 7.90 -5.50 1995 - 2016 percent Quarterly
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-12 11:00 AM Q3 0.9% 1.4% 0.7%
2016-03-24 11:00 AM Q4 1.1% 1.2% 0.2%
2016-06-24 09:00 AM Q1 0.7% 1.5% 0.8%
2016-09-22 10:00 AM Q2 0.7% 1.2%

Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 1.50 7.90 -5.50 percent [+]
GDP Annual Growth Rate 4.40 3.60 11.80 -8.20 percent [+]
GDP 57.79 64.87 64.87 0.70 USD Billion [+]
GDP Constant Prices 11678.90 11970.90 11970.90 4586.40 EUR Million [+]
Gross Fixed Capital Formation 2534.40 2355.40 2534.40 762.60 EUR Million [+]
GDP per capita 106408.57 103923.89 110001.05 27087.20 USD [+]
GDP per capita PPP 93552.60 91368.11 96711.05 56437.29 USD [+]




Last
Vietnam 7.01 Dec/15
Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Sri Lanka 5.50 Mar/16
Angola 4.90 Dec/15
United Arab Emirates 4.60 Dec/14
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
Egypt 3.80 Dec/15
Saudi Arabia 3.60 Dec/15
Dominican Republic 3.58 Dec/15
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Mozambique 1.80 Mar/16
Moldova 1.70 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Mar/16
Tanzania 1.50 Sep/10
Bolivia 1.30 Dec/15
Bosnia and Herzegovina 1.30 Mar/16
Chile 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Malta 1.10 Dec/15
Philippines 1.10 Mar/16
United States 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Cyprus 0.90 Mar/16
Mauritius 0.90 Mar/16
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Paraguay 0.80 Mar/16
Singapore 0.80 Jun/16
Spain 0.80 Mar/16
Turkey 0.80 Mar/16
Taiwan 0.78 Mar/16
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Denmark 0.70 Mar/16
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Euro Area 0.60 Mar/16
Finland 0.60 Mar/16
France 0.60 Mar/16
Austria 0.50 Mar/16
European Union 0.50 Mar/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
South Korea 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Israel 0.40 Mar/16
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
Peru 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16