LinkedIn LinkedIn Press Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Read more, STATEC publishes today the first estimates of the gross domestic product (GDP) for the second quarter of 2020, as well as revised figures for the previous quarters. Read more, The current account balance for the first half of 2020 amounts to 706 million euros, a decrease of 1.4 billion compared to the same period of 2019. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. GDP is expected to contract heavily this year as activity is hit by the Covid-19 pandemic. Luxembourg gdp for 2018 was $68.32B, a 0.85% increase from 2018. Please do not hesitate to contact me. Google+, © Copyright: 2020. GDP per Capita in Luxembourg (with a population of 591,910 people) was $107,316 in 2017, a decrease of $674 from $107,990 in 2016; this represents a change of-0.6% in GDP … Read more, The BACH database enables a comparative analysis of the profitability of Luxembourg non-financial companies at European level. Download Historical Data Save as Image. Although a rally is expected in Q3, the deteriorating health situation is set to hamper recovery momentum. That said, the country’s sound public finances and strong governance should support the recovery. New feature this year: the "COVID-19 special pages" with the main indicators for Luxembourg and the world, as well as data illustrating the impacts of the pandemic on the population, on the labor market and on the economy. LinkedIn Please see our. In September 2020, the national Consumer Price Index, calculated by STATEC, shows a monthly decrease of 0.1% compared to the previous month. That said, the country’s sound public finances and strong governance should support the recovery. Similarly, imports of goods and services contracted 3.6% in Q2 (Q1: +0.6% yoy). About For details, please see your browser’s Help section (by pressing F1). Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: In the following 4 chapters, you will quickly find the 37 most important statistics relating to "Luxembourg". GDP plunged 7.8% year-on-year in the second quarter, contrasting the 1.5% expansion logged in the previous quarter and marking the worst reading on record. Press GDP plunged 7.8% year-on-year in the second quarter, contrasting the 1.5% expansion logged in the previous quarter and marking the worst reading on record. Luxembourg gdp growth rate for 2016 was 4.57%, a 0.27% increase from 2015. Luxembourg - GDP Economy contracts at record pace in Q2. My Cart The year-on-year change in GDP was -0.2%, 32 -tenths of one percent less than the … Statista assumes no The GDP value of Luxembourg represents 0.06 percent of the world economy. Google+, © Copyright: 2020. The seasonally adjusted unemployment rate calculated by STATEC is 6.4%. The financial sector comprised 36% of GDP, industry comprised 13.3% and agriculture only 0.3%. In addition, the extreme openness of the economy and dependence on the financial sector make Luxembourg particularly susceptible to external shocks. That said, public spending growth accelerated to 6.1% from Q1’s 3.8%, as the government deployed a wide range of fiscal measures to stimulate the economy. Read more, The COVID-19 crisis strongly impacts the development of employment in the 2nd quarter of 2020: employment is down by - 0.7% compared to the previous quarter. GDP is expected to contract heavily this year as activity is hit by the Covid-19 pandemic. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The GDP in volume decreased by 7.8% during the second quarter of 2020 compared to the same quarter in 2019, and by 7.2% compared to the previous quarter.