- Luxembourg's growth is expected to have accelerated to 4.7% in 2015 from 4.1% in the previous year mainly due to strong exports of financial and non-financial services. In 2016, GDP is expected to grow by 3.8% still mostly driven by the large, even if decreasing, contribution from net export. Overall Luxembourg's economy is forecast to grow by around 4.4% in 2017 (source ECFIN Winter forecast).
- Luxembourg’s GDP still derives 88.6% (2015) from the services sector, with financial services contributing the lion’s share.
- The level of GERD in Luxembourg has stagnated since 2012 and in 2015 represented 1.31% of GDP.
- Luxembourg is not on track to reach its R&D intensity target of 2.3-2.6% of GDP by 2020 because of a sharp drop in BERD from 1.5% in 2000 to 0.67% in 2015.