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||1995 - 2015
Luxembourg has historically featured solid growth, low inflation, and low unemployment but it suffered from the global economic crisis and turmoil in the world financial markets and lower global demand during 2008-09 prompted the government to inject capital into the banking sector and implement stimulus measures to boost the economy. Nevertheless, the government budget showed a 0.6 percent surplus in 2014 and a public debt of 23.6 percent of GDP, one of the lowest among European countries (surpassed by Estonia). 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. Content for - Luxembourg GDP Growth Rate - was last refreshed on Saturday, November 28, 2015.