The economy of Luxembourg advanced by 1.6% year-on-year in the second quarter, following a downwardly revised 2.7% rise in the previous period. It was the weakest growth rate since the last quarter of 2020 amid the fallout from the war in Ukraine and related price pressures. On a quarterly basis, the GDP fell by 0.5%, after a downwardly revised 0.7% increase in the previous quarter. source: STATEC, Luxembourg
GDP Annual Growth Rate in Luxembourg averaged 3.41 percent from 1996 until 2022, reaching an all time high of 12.90 percent in the second quarter of 2021 and a record low of -8 percent in the second quarter of 2020. This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
GDP Annual Growth Rate in Luxembourg is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg GDP Annual Growth Rate is projected to trend around 2.80 percent in 2023 and 2.50 percent in 2024, according to our econometric models.