Luxembourg's economy grew by 0.4 percent on quarter in the three months to December 2019, following an upwardly revised 0.3 percent expansion in the previous period. Household consumption advanced 0.3 percent (vs 0.2 percent in Q3) and fixed investment jumped 4.7 percent (vs 0.5 percent in Q3). Meanwhile, government spending rose at a softer 1.3 percent (vs 1.8 percent in Q3) while net external demand contributed negatively to the GDP as exports fell and imports rose. Year-on-year, the economy expanded by 3.1 percent.
GDP Growth Rate in Luxembourg averaged 0.86 percent from 1995 until 2019, reaching an all time high of 6.70 percent in the fourth quarter of 1995 and a record low of -4.40 percent in the first quarter of 1996. This page provides - Luxembourg GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
GDP Growth Rate in Luxembourg is expected to be -4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Luxembourg to stand at 0.60 in 12 months time. In the long-term, the Luxembourg GDP Growth Rate is projected to trend around 0.60 percent in 2021, according to our econometric models.