Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Luxembourg
LUXLORSGPNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.29
Year-over-Year Change
0.23%
Date Range
2/1/1960 - 10/1/2022
Summary
The OECD Leading Indicators: Reference series for Gross Domestic Product (GDP) in Luxembourg is a key economic trend that tracks the broader business cycle and economic health of the country.
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 OECD-compiled indicator provides a normalized and standardized time series to monitor the overall direction and pace of economic activity in Luxembourg. It is used by economists and policymakers to anticipate changes in the broader economy.
Methodology
The data is collected and calculated by the OECD based on official government sources.
Historical Context
This trend is widely referenced by analysts and decision-makers to assess Luxembourg's macroeconomic performance and guide policy decisions.
Key Facts
- Normalized GDP is a key indicator of economic health.
- This trend is seasonally adjusted and indexed to a base year.
- Luxembourg is a major financial center in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the normalized reference series for Gross Domestic Product (GDP) in Luxembourg, providing a standardized metric of the country's overall economic activity and performance.
Q: Why is this trend relevant for users or analysts?
A: This OECD-compiled indicator is widely used by economists, policymakers, and market analysts to assess the state of the Luxembourg economy and anticipate changes in the broader business cycle.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on official government sources.
Q: How is this trend used in economic policy?
A: This trend provides valuable insights for policymakers in Luxembourg and internationally to monitor the country's macroeconomic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates from the source, and the normalized nature of the series can limit direct comparisons to other economic indicators.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for Luxembourg (LUXLORSGPNOSTSAM), retrieved from FRED.