On 17 October 2016, STATEC published the first GDP estimation for the second quarter of the year, which showed an increase of 4.4% compared to the same period in 2015.

During the second quarter of 2016, the GDP in Luxembourg increased by 4.4% in comparison with that of 2015 and by 1.6% compared to the previous quarter.
STATEC also revised its figures for 2015’s GDP growth, for instance an increase of 1.7% rather than 5.3% for the third quarter and 3.1% rather than 3.6% for the fourth. As for the first quarter of 2016, the figures have changed from an increase of 4.4% to 3.0%.

As always, STATEC calculated this quarter’s figures using information from complete annual accounts from previous years and a first estimation of accounts from the current year.