Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Luxembourg
LUXLORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.07
Year-over-Year Change
2.12%
Date Range
2/1/1960 - 10/1/2022
Summary
The Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Luxembourg measures the long-term cyclical movements of Luxembourg's GDP, providing insights into the country's economic trajectory.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the underlying growth pattern of Luxembourg's gross domestic product, rather than the short-term fluctuations. It is a valuable tool for economists and policymakers to anticipate and respond to changes in the broader economic landscape.
Methodology
The data is calculated using statistical methods to identify the trend component from the original GDP series.
Historical Context
The GDP trend is widely used to inform economic policy decisions and market analysis.
Key Facts
- Luxembourg's GDP trend has shown steady growth over the past decade.
- The GDP trend is a leading indicator of the country's overall economic performance.
- Policymakers use the GDP trend to guide fiscal and monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the underlying growth pattern of Luxembourg's gross domestic product, smoothing out short-term fluctuations to provide a clearer picture of the long-term economic trajectory.
Q: Why is this trend relevant for users or analysts?
A: The GDP trend is a valuable tool for economists and policymakers to anticipate and respond to changes in Luxembourg's broader economic landscape, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated using statistical methods to identify the trend component from the original GDP series.
Q: How is this trend used in economic policy?
A: The GDP trend is widely used to inform economic policy decisions, as it provides insights into the long-term growth patterns of Luxembourg's economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Luxembourg (LUXLORSGPTDSTSAM), retrieved from FRED.