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

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country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.0 Mar 2023 quarterly Mar 2000 - Mar 2023
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 (%) 1.1 Dec 2023 quarterly Mar 2001 - Dec 2023
Bahrain (%) 3.9 Dec 2023 quarterly Mar 2009 - Dec 2023
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 (%) 0.5 Sep 2023 quarterly Jun 2006 - Sep 2023
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 (%) 4.0 Dec 2023 quarterly Mar 2011 - Dec 2023
Kuwait (%) 0.3 Sep 2023 quarterly Jun 2010 - Sep 2023
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 (%) -25.9 2020 yearly 2005 - 2020
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 (%) 4.3 Dec 2023 quarterly Mar 2001 - Dec 2023
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 (%) 4.3 Dec 2023 quarterly Mar 2011 - Dec 2023
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.5 2022 yearly 2011 - 2022
Nepal (%) 0.7 Dec 2023 quarterly Dec 2004 - Dec 2023
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 (%) -29.3 Dec 2023 quarterly Jun 2000 - Dec 2023
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 (%) 1.0 Jun 2023 quarterly Mar 2012 - Jun 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 (%) 2.6 Dec 2023 quarterly Mar 1996 - Dec 2023
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

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Includes 206 key indicators for Luxembourg, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.3 2022 yearly 1995 - 2022
Tax Revenue (USD mn) 22,155.719 2022 yearly 1995 - 2022
Tax Revenue: % of GDP (%) 27.2 2022 yearly 1995 - 2022
National Government Debt (USD mn) 21,543.4 Sep 2023 quarterly Dec 1995 - Sep 2023
Government Debt: % of GDP (%) 25.8 Sep 2023 quarterly Dec 1997 - Sep 2023
Forecast: Government Expenditure (EUR bn) 47.258 2028 yearly 1995 - 2028
Forecast: Government Net Debt (EUR bn) 31.235 2028 yearly 1995 - 2028
Forecast: Government Revenue (EUR bn) 46.559 2028 yearly 1995 - 2028
General Government Debt: Consolidated (EUR mn) 20,354.700 Sep 2023 quarterly Dec 1995 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2028 yearly 1987 - 2028
Trade Balance (USD mn) -668.8 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports (USD mn) 1,397.1 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports Growth (%) -6.4 Jan 2024 monthly Jan 1989 - Jan 2024
Aluminum: Exports (USD th) 548,752.894 2022 yearly 1995 - 2022
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) 2,065.8 Jan 2024 monthly Jan 1988 - Jan 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) 37.835 Jan 2024 monthly Jan 1988 - Jan 2024
Total Imports from USA (USD mn) 103.283 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports to China (USD mn) 26.725 Dec 2023 monthly Jan 1997 - Dec 2023
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -613.596 Jan 2024 monthly Jan 1988 - Jan 2024
Exports (EUR mn) 1,205.821 Jan 2024 monthly Jan 1988 - Jan 2024
Imports: sa (EUR mn) 1,895.427 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: sa (EUR mn) 1,281.832 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Other Manufactured Goods (EUR mn) 181.385 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Chemicals and Related Products (EUR mn) 154.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Base Metal Products (EUR mn) 192.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Machinery and Equipment (EUR mn) 222.730 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Transport Equipment (EUR mn) 165.614 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 210.429 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: America: ow United States of America (EUR mn) 34.714 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Asia: ow Japan (EUR mn) 10.120 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 287.475 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 155.422 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union (EUR mn) 966.420 Jan 2024 monthly Jan 1988 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -155,563.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Current Account Balance (USD mn) 1,576.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Current Account Balance: % of GDP (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment (USD mn) -131,420.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment: % of GDP (%) -584.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) -25,997.080 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -115.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -10,771.4 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -10,542.166 Dec 2023 quarterly Mar 2002 - Dec 2023
External Debt (USD mn) 3,791,246.5 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,005,773.8 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,053.4 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Current Account Balance (USD bn) 4.708 2028 yearly 1995 - 2028
Net International Investment Position (USD mn) 29,674.752 Dec 2023 quarterly Dec 2002 - Dec 2023
BoP: Financial Account (FA) (EUR mn) 1,410.323 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: DI: Liabilities (EUR mn) -122,111.145 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: OI: Liabilities (EUR mn) 15,691.597 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Reserve Assets (EUR mn) -40.841 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Secondary Income (EUR mn) -629.066 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Other Investment (OI): Assets (EUR mn) 9,010.554 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Services (EUR mn) 7,195.541 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Goods (EUR mn) 654.079 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Portfolio Investment (PI): Assets (EUR mn) 1,914.581 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Errors & Omissions (EUR mn) -1.048 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Current Account (CA) (EUR mn) 1,465.188 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Capital Account (EUR mn) -53.816 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Direct Investment (DI): Assets (EUR mn) -144,543.807 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Financial Derivatives (EUR mn) 4,494.705 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: PI: Liabilities (EUR mn) -24,155.583 Dec 2023 quarterly Mar 2002 - Dec 2023
International Investment Position (IIP): Net (EUR mn) 26,825.847 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Assets (EUR mn) 11,667,605.247 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Liabilities (EUR mn) 11,640,779.399 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Long Term (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt (EUR mn) 3,427,270.343 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
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 (%) 69.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 295,031.099 Feb 2024 monthly Jan 1999 - Feb 2024
Money Supply M2 (USD mn) 391,645.679 Feb 2024 monthly Jan 1999 - Feb 2024
M2 Growth (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 188.5 Feb 2024 monthly Jan 1999 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 0.224 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 0.1 Jan 2024 monthly Jan 1999 - Jan 2024
Gold Reserves (USD mn) 148.116 Feb 2024 monthly Jan 1999 - Feb 2024
Total Deposits (USD mn) 855,753.887 Dec 2023 quarterly Mar 2003 - Dec 2023
Total Deposits Growth (%) -1.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Domestic Credit (USD mn) 149,821.8 Jan 2024 monthly Jan 1999 - Jan 2024
Domestic Credit Growth (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 2024
Credit to Households (USD bn) 57.797 Sep 2023 quarterly Mar 1995 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 322.629 Sep 2023 quarterly Mar 1995 - Sep 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 737,377.642 Feb 2024 monthly Jan 2001 - Feb 2024
Total Loans Growth (%) -4.07 Feb 2024 monthly Jan 2002 - Feb 2024
Private Debt: % of Nominal GDP (%) 93.17 Dec 2023 quarterly Mar 1999 - Dec 2023
Money Supply: M3 (EUR bn) 472.900 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2 (EUR bn) 363.400 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2: M1 (EUR bn) 274.200 Jan 2024 monthly Jan 1999 - Jan 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) 174.422 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets (EUR mn) 2,727.227 Feb 2024 monthly Jan 1999 - Feb 2024
Bank Deposits: Domestic (EUR mn) 309,368.600 Feb 2024 monthly Jan 2003 - Feb 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 173,440.782 Feb 2024 monthly Jan 1999 - Feb 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -10.8 Mar 2024 monthly Jan 1986 - Mar 2024

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