Luxembourg GDP Growth Rate
The Gross Domestic Product (GDP) in Luxembourg expanded 0.80 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Luxembourg averaged 0.83 Percent from 1995 until 2014, 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.
||1995 - 2014
Luxembourg is a stable, high-income economy, benefiting from its proximity to France, Belgium, and Germany, has historically featured solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 28% of GDP, has more than compensated for the decline in steel. This page provides - Luxembourg GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.