The Gross Home Product (GDP) in Luxembourg expanded 5.30 p.c within the third quarter of 2021 over the identical quarter of the earlier yr. supply: STATEC, Luxembourg
GDP Annual Development Price in Luxembourg averaged 3.42 p.c from 1996 till 2021, reaching an all time excessive of 12.10 p.c within the first quarter of 2000 and a report low of -Eight p.c within the second quarter of 2020. This web page offers – Luxembourg GDP Annual Development Price – precise values, historic information, forecast, chart, statistics, financial calendar and information. Luxembourg GDP Annual Development Price – information, historic chart, forecasts and calendar of releases – was final up to date on December of 2021.
GDP Annual Development Price in Luxembourg is predicted to be 3.90 p.c by the top of this quarter, in keeping with Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Luxembourg GDP Annual Development Price is projected to pattern round 3.80 p.c in 2022 and a pair of.50 p.c in 2023, in keeping with our econometric fashions.
Luxembourg GDP Annual Development Price
On the expenditure facet, exterior stability of exports and imports is the principle element of GDP and accounts for 35 p.c of its complete use, as exports of products and companies account for 200 p.c whereas imports account for 165 p.c. It’s adopted by family consumption (30 p.c of GDP) gross mounted capital formation (18 p.c) and authorities expenditure (17 p.c).