The GDP composition of Luxembourg in 2023 is predominantly driven by the services sector, accounting for 64.42%, reflecting its significance in the economy, with minor fluctuations annually. Wholesale, retail trade, restaurants, and hotels stand at 11.37%, while transport, storage, and communication contribute 11.02%. Mining, manufacturing, utilities represent 7.24%, construction 5.67%, and agriculture a mere 0.27%. Over the last two years, the service sector showed consistent stability. The five-year CAGR highlights the steady dominance of services, with modest growth in transport and wholesaling and slight declines in agriculture and manufacturing.
Future trends to watch include:
- Increased digitalization and innovation potentially boosting services and communication sectors.
- Impact of global supply chain shifts on manufacturing and transport sectors.
- Sustainability trends influencing construction and utilities.
- EU policy changes affecting trade and regulatory frameworks, impacting overall sector composition.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 64.42 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 11.37 | 2016 | |
| 3 | 3 Transport, storage and communication | 11.02 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 7.24 | 2016 | |
| 5 | 5 Construction | 5.67 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.27 | 2016 |
