Luxembourg GDP Growth Rate

Last Release

Dec 31, 2023

Actual

0.02

Units In

Frequency

Quarterly

Next Release

Mar 26, 2026

Time to Release

3 Months 17 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
7.9 Sep 2020	-7.1 Jun 2020	0.8 %	1995-2023	N/A

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).

Latest Updates

Luxembourg’s economy expanded 1.1% quarter-on-quarter in the three months to September 2025, from an upwardly revised 0.8% growth in the second quarter. This marked the strongest quarterly performance since the first quarter of 2024, amid a rebound in household consumption (1.2% vs -0.2% in Q2) and a further increase in government spending (1.3% vs 0.7%). At the same time, gross fixed capital formation jumped 12.1%, after a 2.6% decline in the previous period. However, net trade weighed on overall growth, as imports rose 1.9%, outpacing the 0.7% increase in exports. On an annual basis, GDP grew 2.7% in the third quarter, following an upwardly revised 0.7% fall in the prior quarter.