GDP in Luxembourg

Luxembourg GDP | Economic News & Forecasts

Luxembourg - GDP

Luxembourg’s economy began the year in better shape than in 2018 on the heels of what appeared to be solid third (Q3: +0.6% quarter-on-quarter s.a.) and fourth-quarter outturns. On the supply side, non-financials drove growth in the third quarter as growing apprehension held back financial-sector gains. On the demand side, household spending accelerated in line with the fall in unemployment and elevated consumer confidence, while fixed investment contracted for a third quarter on fewer aircraft and satellite purchases. Looking at the fourth quarter, meanwhile, a weaker European backdrop appeared to contribute to slower growth through year-end.

Luxembourg - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)3.7  5.8  2.9  3.1  2.3  

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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 Rate1.140.65 %Jan 30
Stock Market7230.19 %Jan 30

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