The Gross Domestic Product (GDP) in Luxembourg expanded 3 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Luxembourg averaged 3.51 percent from 1996 until 2019, reaching an all time high of 12.10 percent in the first quarter of 2000 and a record low of -7 percent in the second quarter of 2009.

GDP Annual Growth Rate in Luxembourg is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Luxembourg to stand at 2.20 in 12 months time. In the long-term, the Luxembourg GDP Annual Growth Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.


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Luxembourg GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.20 12.10 -7.00 1996 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-21 11:00 AM Q4 1.7% 2.8% 3.2%
2019-06-21 10:00 AM Q1 1.6% 1.7% 2.9%
2019-10-09 10:00 AM Q2 3.7% 1% 1.5%
2019-12-20 11:00 AM Q3 3.0% 3.2% 2.3%
2020-03-20 11:00 AM Q4 3.0% 2.2%


Luxembourg GDP Annual Growth Rate
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).

Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 2.10 6.70 -4.40 percent [+]
GDP Annual Growth Rate 3.00 3.20 12.10 -7.00 percent [+]
GDP 69.49 62.32 69.49 0.70 USD Billion [+]
GDP Constant Prices 13084.90 13056.20 13084.90 7601.30 EUR Million [+]
Gross Fixed Capital Formation 2417.50 2361.50 2707.60 1090.20 EUR Million [+]
GDP per capita 107243.20 106519.60 111968.30 27085.59 USD [+]
GDP per capita PPP 93734.28 93101.79 97864.20 57618.02 USD [+]