GDP in Luxembourg
Luxembourg - GDPThe economy performed poorly in the first quarter of the year, growing a relatively weak 3.3% in seasonally-adjusted terms from the same quarter of last year. The external sector dragged on Q1 growth, while both private and government consumption eased from Q4’s strong readings. Nonetheless, leading data continue to suggest a pick-up in economic activity in Q2. Unemployment remained at a five-year low in April, while consumer confidence reached a fresh record high in May as households continued to benefit from additional income linked to the January tax reform and wage indexation adjustment.
Luxembourg - GDP Data
|Economic Growth (GDP, annual variation in %)||2.5||-0.4||4.0||5.6||4.0|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg GDP Chart
Source: National Statistical Institute of Luxembourg.
|Exchange Rate||1.16||0.96 %||Jul 18|
|Stock Market||834||-0.83 %||Jul 18|
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