GDP in Luxembourg

Luxembourg GDP | Economic News & Forecasts

Luxembourg - GDP

Building on an already robust showing in Q3, the economy is expected to have closed the year on a strong note, a trend that has likely carried over into Q1 2017. High consumer confidence throughout Q4 buoyed by a strengthening labor market translated into strong retail and car sales. Industrial production data muddied the picture somewhat, as it performed unevenly over the first two months of Q4. Looking to Q1 2017, consumers received a boost at the start of this year when the automatic indexation of wages and income tax reform kicked in. This should provide further support for private consumption growth throughout the year.

Luxembourg - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.6  -0.8  4.3  4.1  4.8  

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Luxembourg GDP Chart

Luxembourg GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Institute of Luxembourg.

Luxembourg Facts

Exchange Rate1.090.73 %Mar 27
Stock Market860-2.57 %Mar 27

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