GDP in Luxembourg
Luxembourg - GDPThe economy remained broadly stable in the third quarter of last year, growing 4.8% annually according to a first estimate released by the Statistics Institute in December. The economy’s healthy Q3 showing came on the back of strong growth in the information and communication sector and the all-important financial services industry. Looking to Q4 2016, monthly economic data paint a mixed picture. Economic sentiment was buoyant throughout the quarter, but unemployment ended the year a notch higher, putting the labor market’s recovery on hold. Real data also point to softer growth: October retail sales contracted for the first time in a year and a half and industrial production was almost stagnant in the same month.
Luxembourg - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||-0.8||4.3||4.1||4.8|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Luxembourg GDP Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.07||0.92 %||Feb 16|
|Stock Market||910||-0.18 %||Feb 16|
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