Key data points
Last release
—
Observation period
Q2 2024
Next release
—
Forecast
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Highest
8.51% on Sep 30, 2020
Lowest
−7.02% on Jun 30, 1996
About Luxembourg GDP Growth Rate
The economy of Luxembourg is dependent on the banking, steel, and industrial sectors and the country has one of the highest GDP per capita in the world. On the expenditure side, external balance of exports and imports is the main component of GDP and accounts for 35 percent of its total use, as exports of goods and services account for 200 percent while imports account for 165 percent. It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent).