GDP in Luxembourg
Luxembourg - GDPBuilding 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
|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.
Luxembourg GDP Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.09||0.73 %||Mar 27|
|Stock Market||860||-2.57 %||Mar 27|
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