Luxembourg real GDPLuxembourg real GDPLuxembourg real GDP

Luxembourg real GDP

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
‪16.27 B‬EUR on Dec 31, 2021
Lowest
‪6.59 B‬EUR on Jun 30, 1996

About Luxembourg real GDP


Category
GDP
Source
Frequency
Quarterly
Units
EUR

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Luxembourg real GDP was 16.115 B EUR, and the quarter before that it reached 16.014 B EUR.