Luxembourg GDP Annual Growth Rate  1996-2016 | Data | Chart | Calendar

Luxembourg’s economy expanded 3 percent year-on-year in the fourth quarter of 2015, following an upwardly revised 5.7 percent growth in the previous period and the lowest performance in six quarters. Government spending (up 1.6 percent from 2.8 percent in the previous quarter), exports (up 3.9 percent from 6.8 percent) and imports (up 2.8 percent from 6.2 percent) slowed while gross fixed capital formation (down 14.6 percent from 0.3 percent drop) and household consumption (down 0.8 percent from 0.2 percent growth) shrank. Compared to the previous quarter, the GDP advanced 1.1 percent. Considering full 2015, the economy expanded 4.8 percent. GDP Annual Growth Rate in Luxembourg averaged 3.70 percent from 1996 until 2015, reaching an all time high of 11.80 percent in the first quarter of 2000 and a record low of -8.30 percent in the second quarter of 2009. GDP Annual Growth Rate in Luxembourg is reported by the STATEC, Luxembourg.

Luxembourg GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.00 5.70 11.80 -8.30 1996 - 2015 percent Quarterly
Luxembourg 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, automobile components, and other products. Growth in the financial sector, which accounts for about 40 percent of GDP, has more than compensated for the decline in steel. Luxembourg's economy contracted by 0.8 percent in 2008 and 5.4 percent in 2009, but rebounded in 2010-11 before declining again in 2012. It returned to its 5 percent growth rates in 2013-14. 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. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-12 11:00 AM Q2 3.1% 5.3% 4.3%
2016-01-12 11:00 AM Q3 5.4% 6.2% 2.8%
2016-03-24 11:00 AM Q4 3.0% 5.7% 3.5%
2016-06-24 10:00 AM Q1 3.0% 2.89%
2016-09-22 10:00 AM Q2 1.85%

Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.90 7.90 -5.80 percent [+]
GDP Annual Growth Rate 3.00 5.70 11.80 -8.30 percent [+]
GDP 64.87 61.79 64.87 0.70 USD Billion [+]
GDP Constant Prices 11970.90 11246.60 11970.90 4586.40 EUR Million [+]
Gross Fixed Capital Formation 2355.40 2418.80 2475.40 762.60 EUR Million [+]
GDP per capita 79511.21 79782.42 86129.38 21355.58 USD [+]
GDP per capita PPP 88850.00 89153.06 96245.49 56921.93 USD [+]




Last
South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Congo 7.70 Dec/15
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Djibouti 6.70 Dec/15
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Tajikistan 6.50 Mar/16
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Togo 6.00 Dec/15
Benin 5.70 Dec/15
Central African Republic 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Bhutan 5.50 Dec/14
Vietnam 5.46 Mar/16
Mozambique 5.30 Mar/16
Panama 5.30 Dec/15
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Kosovo 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Sao Tome and Principe 4.80 Dec/14
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Sweden 4.50 Dec/15
Peru 4.40 Mar/16
Romania 4.30 Mar/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Gabon 4.20 Dec/15
Malaysia 4.20 Mar/16
Cuba 4.00 Dec/15
Fiji 4.00 Dec/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovakia 3.30 Mar/16
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Comoros 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Chile 2.00 Mar/16
United Kingdom 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
Austria 1.30 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Guinea 0.10 Dec/15
Ukraine 0.10 Mar/16
Japan 0.00 Mar/16
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Taiwan -0.68 Mar/16
Liechtenstein -0.80 Dec/14
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Greece -1.20 Mar/16
Russia -1.20 Mar/16
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Iraq -2.10 Dec/14
Syria -2.30 Dec/11
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15