Luxembourg GDP Growth Rate

The Gross Domestic Product (GDP) in Luxembourg expanded 0.70 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Luxembourg is reported by the STATEC, Luxembourg. GDP Growth Rate in Luxembourg averaged 0.85 Percent from 1995 until 2013, reaching an all time high of 7.90 Percent in the first quarter of 2000 and a record low of -5.70 Percent in the fourth quarter of 2008. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.70 0.20 7.90 -5.70 0.67 | 2014/03 1995 - 2013 Percent Quarterly

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Luxembourg GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-04-02 10:00 AM Luxembourg
GDP Growth Rate QoQ
Q4 2012 1.6% -0.5% (R)
2013-07-03 10:00 AM Luxembourg
GDP Growth Rate QoQ
Q1 2013 -1.6% 2.2% (R) -0.79%
2013-10-08 11:30 AM Luxembourg
GDP Growth Rate QoQ
Q2 2013 1.6% -0.6% (R) 0.05%
2014-04-09 10:00 AM Luxembourg
GDP Growth Rate QoQ
Q4 2013 0.7% 0.2% -0.49%
2014-07-01 10:00 AM Luxembourg
GDP Growth Rate QoQ
Q1 2014 0.7% 0.67%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.70 2013-12-31 0.20 7.90 -5.70 0.67 2014-03-31 Percent [+]
GDP Annual Growth Rate 2.40 2013-12-31 2.70 11.70 -9.50 3.65 2014-03-31 Percent [+]
GDP Constant Prices 8908.30 2013-11-15 8333.60 8908.30 4586.40 8784.79 2014-06-30 EUR Million [+]
Gross Fixed Capital Formation 1577.40 2013-11-15 2163.40 2412.30 762.60 1750.59 2014-03-31 EUR Million [+]
GDP per capita 79168.61 2012-12-31 80914.91 87716.73 21355.05 76634.92 2014-06-30 USD [+]
GDP per capita PPP 66807.96 2012-12-31 68281.60 74021.46 27389.18 64669.86 2014-06-30 USD [+]
GDP 57.12 2012-12-31 59.20 59.20 0.70 55.81 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Luxembourg Government Debt To GDP at 23.10 Percent  
Luxembourg recorded a Government Debt to GDP of 23.10 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Luxembourg is reported by the Eurostat.
Luxembourg Government Budget at 0.10 Percent of GDP  
Luxembourg recorded a Government Budget surplus equal to 0.10 percent of the country's Gross Domestic Product in 2013. Government Budget in Luxembourg is reported by the Eurostat.
Luxembourg Unemployment Rate at 7.10 Percent  
Unemployment Rate in Luxembourg remained unchanged at 7.10 percent in March of 2014 from 7.10 percent in February of 2014. Unemployment Rate in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg GDP Deflator at 136.18 Index Points  
GDP Deflator in Luxembourg increased to 136.18 Index Points in the fourth quarter of 2013 from 132.74 Index Points in the third quarter of 2013. GDP Deflator in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Government Budget Value at 25.50 EUR Million  
Luxembourg recorded a government budget surplus of 25.50 EUR Million in 2013. Government Budget Value in Luxembourg is reported by the Banque Centrale Du Luxembourg.
Luxembourg Government Spending at 1577.20 EUR Million  
Government Spending in Luxembourg increased to 1577.20 EUR Million in the fourth quarter of 2013 from 1569.20 EUR Million in the third quarter of 2013. Government Spending in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Gross Fixed Capital Formation at 1577.40 EUR Million  
Gross Fixed Capital Formation in Luxembourg decreased to 1577.40 EUR Million in the fourth quarter of 2013 from 2163.40 EUR Million in the third quarter of 2013. Gross Fixed Capital Formation in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Harmonised Consumer Prices at 123.76 Index Points  
Harmonised Consumer Prices in Luxembourg increased to 123.76 Index Points in March of 2014 from 123.71 Index Points in February of 2014. Harmonised Consumer Prices in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Housing Permits at 229.00  
Housing Index in Luxembourg increased to 229 in September of 2013 from 224 in August of 2013. Housing Index in Luxembourg is reported by the STATEC, Luxembourg.
Luxembourg Labour Costs at 101.10 Index Points  
Labour Costs in Luxembourg decreased to 101.10 Index Points in January of 2014 from 128.90 Index Points in December of 2013. Labour Costs in Luxembourg is reported by the STATEC, Luxembourg.
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