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Luxembourg GDP Development Fee

Luxembourg’s economic system expanded by 0.9 p.c quarter-over-quarter within the three months to September of 2021, following a revised flat studying within the earlier interval and marking the fifth quarter in a row with out contracting. Development was completely supported by consumption expenditure of households and non-profit establishments serving households (2.Zero p.c vs 1.9 p.c in Q2). Nevertheless, the contribution from web overseas demand was much less adverse, because the hole between export progress (0.Zero p.c vs 1.1 p.c) and import progress (0.2 p.c vs 1.5 p.c) shrank. Then again, adverse progress charges had been seen in public expenditure (-0.three p.c vs 1.6 p.c) and gross mounted capital formation (-1.four p.c vs 2.7 p.c). 12 months-on-year, GDP hiked 5.three p.c, slowing from an upwardly revised 12.6 p.c hike in Q2. supply: STATEC, Luxembourg

GDP Development Fee in Luxembourg averaged 0.84 p.c from 1995 till 2021, reaching an all time excessive of seven.90 p.c within the third quarter of 2020 and a report low of -7.10 p.c within the second quarter of 2020. This web page supplies – Luxembourg GDP Development Fee – precise values, historic information, forecast, chart, statistics, financial calendar and information. Luxembourg GDP Development Fee – information, historic chart, forecasts and calendar of releases – was final up to date on December of 2021.

GDP Development Fee in Luxembourg is anticipated to be 0.90 p.c by the tip of this quarter, based on Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Luxembourg GDP Development Fee is projected to development round 0.80 p.c in 2022 and 1.00 p.c in 2023, based on our econometric fashions.

Information Stream

Luxembourg GDP Development Picks Up in Q3


Luxembourg GDP Contracts for 1st Time in a 12 months


Luxembourg GDP Development Slows Additional in Q1


Luxembourg GDP Development Fee

The economic system of Luxembourg depends on the banking, metal, and industrial sectors and the nation has one of many highest GDP per capita on this planet. On the expenditure aspect, exterior steadiness 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).

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