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Luxembourg GDP Growth Rate (QoQ)

Luxembourg's Quarter-over-Quarter GDP growth rate was 0.6% in Q2 2025, down from 0.7% in Q1 2025. This slowdown occurred because gross fixed capital formation decreased by 3.0% and exports grew 0.0%, contrasting with prior quarter growth. Household consumption rose 0.2% and government spending increased 1.0% but these gains did not fully counter the investment and trade declines. Luxembourg's record low GDP growth rate was -6.9% in Q2 1996 and record high was 8.46% in Q3 2020.

Quarterly Historical Data (1995-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 0.6%
Q1 2025 0.7%
Q4 2024 1.3%
Q3 2024 -1.2%
Q2 2024 0.5%
Q1 2024 0.6%
Q4 2023 0.1%
Q3 2023 -1.1%
Q2 2023 0.3%
Q1 2023 0.3%
Q4 2022 -1.3%
Q3 2022 0.3%
Q2 2022 -0.7%
Q1 2022 -0.4%
Q4 2021 2.9%
Q3 2021 0.4%
Q2 2021 0.8%
Q1 2021 3.5%
Q4 2020 -0.6%
Q3 2020 8.5%
Q2 2020 -6.2%
Q1 2020 -1.2%
Q4 2019 0.7%
Q3 2019 0.3%
Q2 2019 1.8%
Q1 2019 0.5%
Q4 2018 0.6%
Q3 2018 0.9%
Q2 2018 -0.6%
Q1 2018 0.2%
Q4 2017 0.1%
Q3 2017 1.1%
Q2 2017 1.3%
Q1 2017 -1.3%
Q4 2016 0.5%
Q3 2016 0.7%
Q2 2016 1.3%
Q1 2016 3.1%
Q4 2015 0.6%
Q3 2015 -0.6%
Q2 2015 0.7%
Q1 2015 -0.7%
Q4 2014 2.6%
Q3 2014 1.9%
Q2 2014 -1.4%
Q1 2014 2.1%
Q4 2013 -0.9%
Q3 2013 0.3%
Q2 2013 1.8%
Q1 2013 0.1%
Q4 2012 1.7%
Q3 2012 1.1%
Q2 2012 0%
Q1 2012 0.6%
Q4 2011 -0.3%
Q3 2011 1.1%
Q2 2011 -1.3%
Q1 2011 1.4%
Q4 2010 0.6%
Q3 2010 -1.3%
Q2 2010 1%
Q1 2010 1.5%
Q4 2009 0.9%
Q3 2009 1.8%
Q2 2009 1.4%
Q1 2009 -1.9%
Q4 2008 -3.7%
Q3 2008 -0.8%
Q2 2008 -1.3%
Q1 2008 1.3%
Q4 2007 0.6%
Q3 2007 -0.7%
Q2 2007 2.4%
Q1 2007 4.8%
Q4 2006 1.5%
Q3 2006 0.8%
Q2 2006 0.1%
Q1 2006 0%
Q4 2005 5.2%
Q3 2005 2%
Q2 2005 0.9%
Q1 2005 -0.9%
Q4 2004 -1%
Q3 2004 2.3%
Q2 2004 0.1%
Q1 2004 -0.5%
Q4 2003 3.7%
Q3 2003 1%
Q2 2003 2.5%
Q1 2003 -0.1%
Q4 2002 -0.4%
Q3 2002 -1.4%
Q2 2002 1.8%
Q1 2002 0.4%
Q4 2001 2.5%
Q3 2001 1.5%
Q2 2001 -1.2%
Q1 2001 1.7%
Q4 2000 0.5%
Q3 2000 1.6%
Q2 2000 -1.3%
Q1 2000 5.3%
Q4 1999 -0.3%
Q3 1999 2.7%
Q2 1999 2%
Q1 1999 2.8%
Q4 1998 0.6%
Q3 1998 1.9%
Q2 1998 3.6%
Q1 1998 0.9%
Q4 1997 1.2%
Q3 1997 1.2%
Q2 1997 1.3%
Q1 1997 0.4%
Q4 1996 1.5%
Q3 1996 7.8%
Q2 1996 -6.9%
Q1 1996 1.2%
Q4 1995 0.9%
Q3 1995 1%
Q2 1995 1.1%

Recent Events

datetime event actual previous consensus
2025-09-05 05:00 AM GDP Growth Rate QoQ (Q2) 0.6% 0.7% -
Luxembourg GDP Growth Rate (QoQ) : Definition
Luxembourg's Quarter-over-Quarter GDP growth rate shows the percentage change in the country's total economic output, measured in Euros, compared to the prior quarter. The calculation divides the difference between current and previous quarter GDP by the previous quarter's GDP then multiplies by 100. Luxembourg's economy is heavily influenced by financial services exports within its net exports component.
Indicator Last Value Prior Value Period
GDP $93.2B $87.57B 2024
GDP Annual Growth Rate 1.03% -0.69% 2024
GDP Growth Rate (YoY) -0.2% -1.9% Jun'25
GDP per Capita $103,909.2 $104,590.1 2024
GDP per Capita PPP $128,181.7 $129,021.6 2024
R&D Expenditure (% GDP) 0.98% 1.04% 2022
Real GDP $70.42B $69.7B 2024