Iceland vs Luxembourg: Gross Domestic Product — Value US$, annual growth rate
Iceland
6.39 % change on previous year
in 2024
Luxembourg
6.42 % change on previous year
in 2024
Iceland rank
98th
Luxembourg rank
97th
Gross Domestic Product — Value US$, annual growth rate over time
- Iceland
- Luxembourg
How they compare
Luxembourg currently reports 6.42 % change on previous year against 6.39 % change on previous year in Iceland, a difference of 0.03 % change on previous year.
The two have swapped places 25 times across 54 shared years of data; in 1971 it was Iceland ahead.
Iceland ranks 98th and Luxembourg ranks 97th of 236 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and Luxembourg in 2.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 21.38 % change on previous year | 16.51 % change on previous year | 4.87 % change on previous year | Iceland |
| 1980s | 8.32 % change on previous year | 7.4 % change on previous year | 0.922 % change on previous year | Iceland |
| 1990s | 4.95 % change on previous year | 8.48 % change on previous year | 3.53 % change on previous year | Luxembourg |
| 2000s | 5.43 % change on previous year | 10.01 % change on previous year | 4.58 % change on previous year | Luxembourg |
| 2010s | 6.81 % change on previous year | 2.74 % change on previous year | 4.07 % change on previous year | Iceland |
| 2020s | 6.74 % change on previous year | 5.69 % change on previous year | 1.06 % change on previous year | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product — value us$, annual growth rate, Iceland or Luxembourg?
- Luxembourg, at 6.42 % change on previous year against 6.39 % change on previous year in Iceland as of 2024.
- What is the difference in gross domestic product — value us$, annual growth rate between Iceland and Luxembourg?
- 0.03 % change on previous year, with Luxembourg ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 54 years are reported by both, from 1971 to 2024.
- How do Iceland and Luxembourg rank globally for gross domestic product — value us$, annual growth rate?
- Iceland ranks 98th and Luxembourg ranks 97th of 236 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross Domestic Product — Value US$, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.