Luxembourg Real GDP Growth

1996 - 2022 | Quarterly | % | CEIC Data

Key information about Luxembourg Real GDP Growth

  • The Gross Domestic Product (GDP) in Luxembourg contracted 2.2 % YoY in Dec 2022, following a growth of 3.7 % in the previous quarter.
  • Real GDP Growth YoY data in Luxembourg is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 2.7 %.
  • The data reached an all-time high of 11.2 % in Jun 1997 and a record low of -7.3 % in Mar 2009.
CEIC calculates Real GDP Growth from quarterly Real GDP. The Statistics Portal of Luxembourg provides Real GDP in EUR, at chain linked 2015 prices.


Related information about Luxembourg Real GDP Growth

  • In the latest reports, Nominal GDP of Luxembourg reached 19.7 USD bn in Dec 2022.
  • Its GDP deflator (implicit price deflator) increased 3.4 % in Dec 2022.
  • GDP Per Capita in Luxembourg reached 132,485.6 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 49.7 % in Dec 2022.
  • For Nominal GDP contributions, Investment accounted for 18.8 % in Dec 2022.
  • Public Consumption accounted for 20.2 % in Dec 2022.
  • Private Consumption accounted for 30.1 % in Dec 2022.

View Luxembourg's Real GDP Growth from Mar 1996 to Dec 2022 in the chart:

Luxembourg Real GDP Growth

What was Luxembourg's Real GDP Growth in Dec 2022?

The Gross Domestic Product (GDP) in Luxembourg contracted 2.2 % YoY in Dec 2022, following a growth of 3.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2.2 Dec 2022 3.7 Sep 2022 -7.3 Mar 2009 11.2 Jun 1997 % quarterly Mar 1996 - Dec 2022

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
Azerbaijan (%) 4.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Bahrain (%) 1.3 Jun 2024 quarterly Mar 2009 - Jun 2024
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 5.3 2022 yearly 1994 - 2022
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Ghana (%) 1.6 Jun 2024 quarterly Jun 2006 - Jun 2024
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 4.3 Jun 2024 quarterly Mar 2011 - Jun 2024
Kuwait (%) -1.6 Jun 2024 quarterly Jun 2010 - Jun 2024
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Lebanon (%) 2.0 2021 yearly 2012 - 2021
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 2.7 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 1.0 Jun 2024 quarterly Dec 2004 - Jun 2024
Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 1.7 2023 yearly 2001 - 2023
Palestinian Territory (%) 4.8 Jun 2024 quarterly Jun 2000 - Jun 2024
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -0.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 0.8 Jun 2024 quarterly Mar 1996 - Jun 2024
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.7 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 25,176.022 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.4 2023 yearly 1995 - 2023
National Government Debt (USD mn) 23,262.2 Jun 2024 quarterly Dec 1995 - Jun 2024
Government Debt: % of GDP (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Forecast: Government Expenditure (EUR bn) 52.013 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.210 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.231 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 21,718.047 Jun 2024 quarterly Dec 1995 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2029 yearly 1987 - 2029
Trade Balance (USD mn) -835.8 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports (USD mn) 1,259.1 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports Growth (%) -12.4 Aug 2024 monthly Jan 1989 - Aug 2024
Aluminum: Exports (USD th) 413,397.902 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,094.9 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 23.185 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports from USA (USD mn) 57.740 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports to China (USD mn) 18.139 Jul 2024 monthly Jan 1997 - Jul 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -758.413 Aug 2024 monthly Jan 1988 - Aug 2024
Imports: sa (EUR mn) 1,901.012 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: sa (EUR mn) 1,142.599 Aug 2024 monthly Jan 1988 - Aug 2024
Exports (EUR mn) 1,026.754 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports: MoM: sa (%) -6.935 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports: YoY (%) -13.661 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports: MoM: sa (%) -10.313 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports: YoY (%) -6.533 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Other Manufactured Goods (EUR mn) 167.484 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Chemicals and Related Products (EUR mn) 141.795 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Base Metal Products (EUR mn) 160.981 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Machinery and Equipment (EUR mn) 175.955 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Transport Equipment (EUR mn) 115.936 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 150.513 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Asia: ow Japan (EUR mn) 5.005 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 295.966 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: America: ow United States of America (EUR mn) 21.039 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 138.771 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union (EUR mn) 871.522 Aug 2024 monthly Jan 1988 - Aug 2024
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -21,008.1 Jun 2024 quarterly Mar 2002 - Jun 2024
Current Account Balance (USD mn) 2,694.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Current Account Balance: % of GDP (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Direct Investment (USD mn) -27,181.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Direct Investment: % of GDP (%) -120.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment (USD mn) 77,828.282 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 346.3 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 72,142.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 5,697.134 Jun 2024 quarterly Mar 2002 - Jun 2024
External Debt (USD mn) 3,789,624.5 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,001,506.6 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,301.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Forecast: Current Account Balance (USD bn) 8.028 2029 yearly 1995 - 2029
Net International Investment Position (USD mn) 27,828.231 Jun 2024 quarterly Dec 2002 - Jun 2024
BoP: FA: PI: DS: Liabilities (EUR mn) 5,291.206 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) -43,938.479 Jun 2024 quarterly Mar 2002 - Jun 2024
International Investment Position (IIP): Net (EUR mn) 25,980.983 Jun 2024 quarterly Dec 2002 - Jun 2024
IIP: Assets (EUR mn) 12,292,665.537 Jun 2024 quarterly Dec 2002 - Jun 2024
IIP: Liabilities (EUR mn) 12,266,684.554 Jun 2024 quarterly Dec 2002 - Jun 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt (EUR mn) 3,511,838.111 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 68.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Money Supply M1 (USD mn) 323,204.999 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply M2 (USD mn) 425,070.298 Sep 2024 monthly Jan 1999 - Sep 2024
M2 Growth (%) 3.4 Sep 2024 monthly Jan 2000 - Sep 2024
Reserve Requirement Ratio (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024
Foreign Exchange Reserves (USD mn) 272.8 Oct 2024 monthly Jan 1999 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 0.237 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 0.1 Aug 2024 monthly Jan 1999 - Aug 2024
Gold Reserves (USD mn) 197.253 Oct 2024 monthly Jan 1999 - Oct 2024
Total Deposits (USD mn) 867,652.624 Sep 2024 quarterly Mar 2003 - Sep 2024
Total Deposits Growth (%) -0.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Domestic Credit (USD mn) 153,602.2 Jul 2024 monthly Jan 1999 - Jul 2024
Domestic Credit Growth (%) 1.2 Jul 2024 monthly Jan 2000 - Jul 2024
Credit to Households (USD bn) 60.665 Dec 2023 quarterly Mar 1995 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 337.657 Dec 2023 quarterly Mar 1995 - Dec 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 747,362.522 Sep 2024 monthly Jan 2001 - Sep 2024
Total Loans Growth (%) -1.70 Sep 2024 monthly Jan 2002 - Sep 2024
Private Debt: % of Nominal GDP (%) 89.97 Jun 2024 quarterly Mar 1999 - Jun 2024
Money Supply: M3 (EUR bn) 498.300 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply: M3: M2 (EUR bn) 381.400 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply: M3: M2: M1 (EUR bn) 290.000 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets: Foreign Exchange (EUR mn) 251.301 Oct 2024 monthly Jan 1999 - Oct 2024
Official Reserve Assets (EUR mn) 2,833.672 Oct 2024 monthly Jan 1999 - Oct 2024
Bank Deposits: Domestic (EUR mn) 308,352.800 Sep 2024 monthly Jan 2003 - Sep 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 150,914.850 Sep 2024 monthly Jan 1999 - Sep 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.8 Oct 2024 monthly Jan 1986 - Oct 2024

More Indicators for Luxembourg

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