The economy of Luxembourg advanced 3.0 percent year-on-year in the third quarter of 2022, following a 1.7 percent increase in the previous three-month period. It was the strongest growth since the fourth quarter of 2021. source: STATEC, Luxembourg

GDP Annual Growth Rate in Luxembourg averaged 3.21 percent from 1996 until 2022, reaching an all time high of 11.20 percent in the second quarter of 1997 and a record low of -7.30 percent in the first quarter of 2009. 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 2023.

GDP Annual Growth Rate in Luxembourg is expected to be -0.90 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 2.40 percent in 2024 and 2.50 percent in 2025, according to our econometric models.

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Luxembourg GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-09-14 10:00 AM Q2 1.6% 2.7% 2.1%
2022-12-14 10:00 AM Q3 3% 1.7% 2.5%
2023-03-08 10:00 AM Q4 3% 1.5%

Related Last Previous Unit Reference
GDP Growth Rate 1.10 -0.50 percent Sep 2022
GDP Annual Growth Rate 3.00 1.70 percent Sep 2022
GDP Constant Prices 15958.35 15783.10 EUR Million Sep 2022
Gross Fixed Capital Formation 2750.65 2791.07 EUR Million Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
3.00 1.70 11.20 -7.30 1996 - 2022 percent Quarterly