The Gross Domestic Product (GDP) in Luxembourg expanded 5.30 percent in the third quarter of 2021 over the same quarter of the previous year. source: STATEC, Luxembourg

GDP Annual Growth Rate in Luxembourg averaged 3.42 percent from 1996 until 2021, reaching an all time high of 12.10 percent in the first quarter of 2000 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 January of 2022.

GDP Annual Growth Rate in Luxembourg is expected to be 3.90 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 3.80 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Luxembourg GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-30 10:00 AM Q2 11.8% 5.2% 7.5%
2021-12-13 11:00 AM Q3 5.3% 12.6% 4.2%
2022-03-14 10:00 AM Q4 5.3%

Related Last Previous Unit Reference
GDP Growth Rate 0.90 0.00 percent Sep/21
GDP Annual Growth Rate 5.30 12.60 percent Sep/21
GDP Constant Prices 16001.50 15857.50 EUR Million Sep/21
Gross Fixed Capital Formation 2816.90 2938.20 EUR Million Sep/21
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).