The annual GDP in Luxembourg decreased significantly due to the coronavirus pandemic. Indeed, while Luxembourg's GDP decreased by roughly 1.8 percent in 2020, a recovery of almost 6 percent was estimated for 2021. Furthermore, the GDP growth was expected to grow by 3.7 percent in 2022.
Annual GDP change in Luxembourg from 2018 to 2020, with a forecast for 2021 to 2023
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Other statistics that may interest you Key economic indicators in Luxembourg
GDP
6
- Basic Statistic Gross domestic product (GDP) per capita in Luxembourg 2029
- Basic Statistic Distribution of gross domestic product (GDP) across economic sectors Luxembourg 2022
- Basic Statistic Luxembourg: Share in global GDP adjusted for PPP 2029
- Premium Statistic Forecast of the annual GDP change in Luxembourg 2018-2023
- Basic Statistic Gross domestic product (GDP) growth rate in Luxembourg 2029
- Premium Statistic Percentage change of GDP per capita in Luxembourg 2018-2023
Labor market
6
- Basic Statistic Employment in Luxembourg 2025
- Basic Statistic Employment by economic sector in Luxembourg 2021
- Basic Statistic Unemployment rate in Luxembourg 2023
- Basic Statistic Youth unemployment rate in Luxembourg in 2023
- Premium Statistic Average monthly disposable income per person in Luxembourg 2003-2020
- Premium Statistic Average monthly disposable income per household in Luxembourg 2003-2020
Inflation
6
- Basic Statistic Inflation rate in Luxembourg 2029
- Premium Statistic Forecast of the annual HICP change in Luxembourg 2019-2024
- Basic Statistic CPI inflation rate Luxembourg 2020-2023
- Basic Statistic Inflation rate of Luxembourg 2023, by sector
- Basic Statistic Inflation rate excluding food and energy in Luxembourg 2020-2023
- Basic Statistic Harmonized inflation rate in the Benelux 2021, by country
Consumer confidence
4
- Premium Statistic Monthly Consumer Confidence Index (CCI) in Luxembourg 2014-2023
- Premium Statistic Economic Sentiment Indicator of the Benelux 2022-2023
- Basic Statistic Luxembourg: consumer opinions on economic situation over the last 12 months 2002-2023
- Basic Statistic Luxembourg: financial situation of consumers for the next 12 months 2002-2023
Government finances
4
- Basic Statistic Luxembourg's budget balance in relation to GDP 2029
- Premium Statistic General government revenue as share of GDP forecast in Luxembourg 2018-2023
- Premium Statistic Government consumption expenditure change forecast in Luxembourg 2018-2023
- Basic Statistic Government consumption GDP share in the Benelux 2021, by country
International trade
6
- Basic Statistic Public opinion of free trade in Luxembourg 2022
- Premium Statistic Trade balance of goods of Luxembourg 2022
- Premium Statistic Import volume change forecast in Luxembourg 2015-2023
- Premium Statistic Export volume change forecast in Luxembourg 2015-2023
- Premium Statistic Forecast of the goods trade balance of Luxembourg 2018-2023
- Premium Statistic Percentage change of the terms of goods trade in Luxembourg 2018-2023
Further related statistics
18
- Economic climate expectations of retailers in the Netherlands 2020-2021
- Post-coronavirus unemployment rate forecast in the United Kingdom 2020-2021
- Output losses due to Coronavirus by sector in the UK Q2 2020
- Forecast growth rate of private consumption in Romania 2015-2024
- Change in revenues due to COVID-19 among businesses in Vietnam 2020
- Concerns due to COVID-19 among businesses in Vietnam 2020
- Perceived economic impact of the COVID-19 outbreak Singapore 2020
- Perceived future case numbers COVID-19 outbreak Indonesia 2020
- Spending changes on Amazon during COVID-19 in Italy 2020
- CEOs' expectations for economic growth in Luxembourg 2018
- Value of the private and government investments in Sint Maarten 2010-2017
- Annual change of the working population in the Netherlands 2019-2024
- Value of the private and government consumption in Curaçao 2010-2017
- Peru: digital competitiveness ranking 2022, by factor
- Business freedom sub-score of Tunisia on the Economic Freedom Index 2000-2023
- Mexico: competitiveness index 2008-2019
- Public opinion about the future of the Romanian economy 2020
- GDP gap in Italy 2008-2021
Further Content: You might find this interesting as well
Statistics
- Economic climate expectations of retailers in the Netherlands 2020-2021
- Post-coronavirus unemployment rate forecast in the United Kingdom 2020-2021
- Output losses due to Coronavirus by sector in the UK Q2 2020
- Forecast growth rate of private consumption in Romania 2015-2024
- Change in revenues due to COVID-19 among businesses in Vietnam 2020
- Concerns due to COVID-19 among businesses in Vietnam 2020
- Perceived economic impact of the COVID-19 outbreak Singapore 2020
- Perceived future case numbers COVID-19 outbreak Indonesia 2020
- Spending changes on Amazon during COVID-19 in Italy 2020
- CEOs' expectations for economic growth in Luxembourg 2018
- Value of the private and government investments in Sint Maarten 2010-2017
- Annual change of the working population in the Netherlands 2019-2024
- Value of the private and government consumption in Curaçao 2010-2017
- Peru: digital competitiveness ranking 2022, by factor
- Business freedom sub-score of Tunisia on the Economic Freedom Index 2000-2023
- Mexico: competitiveness index 2008-2019
- Public opinion about the future of the Romanian economy 2020
- GDP gap in Italy 2008-2021
European Commission. (November 11, 2021). Annual GDP change in Luxembourg from 2018 to 2020, with a forecast for 2021 to 2023 [Graph]. In Statista. Retrieved May 09, 2024, from https://www.statista.com/statistics/864788/forecast-of-the-annual-gdp-change-in-luxembourg/
European Commission. "Annual GDP change in Luxembourg from 2018 to 2020, with a forecast for 2021 to 2023." Chart. November 11, 2021. Statista. Accessed May 09, 2024. https://www.statista.com/statistics/864788/forecast-of-the-annual-gdp-change-in-luxembourg/
European Commission. (2021). Annual GDP change in Luxembourg from 2018 to 2020, with a forecast for 2021 to 2023. Statista. Statista Inc.. Accessed: May 09, 2024. https://www.statista.com/statistics/864788/forecast-of-the-annual-gdp-change-in-luxembourg/
European Commission. "Annual Gdp Change in Luxembourg from 2018 to 2020, with a Forecast for 2021 to 2023." Statista, Statista Inc., 11 Nov 2021, https://www.statista.com/statistics/864788/forecast-of-the-annual-gdp-change-in-luxembourg/
European Commission, Annual GDP change in Luxembourg from 2018 to 2020, with a forecast for 2021 to 2023 Statista, https://www.statista.com/statistics/864788/forecast-of-the-annual-gdp-change-in-luxembourg/ (last visited May 09, 2024)
Annual GDP change in Luxembourg from 2018 to 2020, with a forecast for 2021 to 2023 [Graph], European Commission, November 11, 2021. [Online]. Available: https://www.statista.com/statistics/864788/forecast-of-the-annual-gdp-change-in-luxembourg/