Annual GDP growth (%) in Luxembourg
Luxembourg: Annual GDP growth (%) was 0.4% in 2024. ◆ Volatile
Annual GDP growth in Luxembourg, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Luxembourg is 0.4%, measured in 2024.
Compared with earlier readings it is up 260.6% on the previous year and down 86.3% over ten years.
Over the whole period, annual gdp growth in Luxembourg peaked at 8.1% in 2007 and was at its lowest, -3.2%, in 2009.
That places Luxembourg 201st out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.9% | — |
| 2001 | 3.1% | -55.7% |
| 2002 | 3.2% | +4.9% |
| 2003 | 2.6% | -18.8% |
| 2004 | 4.2% | +61.6% |
| 2005 | 2.5% | -41.3% |
| 2006 | 6.0% | +142.3% |
| 2007 | 8.1% | +34.6% |
| 2008 | -0.3% | -103.7% |
| 2009 | -3.2% | +979.0% |
| 2010 | 3.8% | -216.1% |
| 2011 | 1.0% | -72.2% |
| 2012 | 1.6% | +58.0% |
| 2013 | 3.2% | +92.2% |
| 2014 | 2.6% | -17.3% |
| 2015 | 2.3% | -13.5% |
| 2016 | 5.0% | +119.3% |
| 2017 | 1.3% | -73.5% |
| 2018 | 1.6% | +22.3% |
| 2019 | 2.7% | +70.6% |
| 2020 | -0.5% | -118.6% |
| 2021 | 6.9% | -1458.6% |
| 2022 | -1.1% | -115.8% |
| 2023 | 0.1% | -109.1% |
| 2024 | 0.4% | +260.6% |
Luxembourg compared with similar countries
- Luxembourg's 0.4% is below the median for high income countries, which is 2.1%, 17% of the median. (80 countries reporting)
- Luxembourg's 0.4% is below the median for Europe & Central Asia, which is 2.6%, 14% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Luxembourg changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1458.6% | -0.5% | 6.9% |
| 2009 | -979.0% | -0.3% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.3% | -3.2% | 8.1% | 10 |
| 2010s | 2.5% | 1.0% | 5.0% | 10 |
| 2020s | 1.2% | -1.1% | 6.9% | 5 |
Countries ranked near Luxembourg
- 198 South Africa 0.5% compare
- 199 Finland 0.4% compare
- 200 San Marino 0.4% compare
- 202 Saint Kitts and Nevis 0.3% compare
- 203 Japan 0.1% compare
- 204 Republic of Moldova 0.1% compare
- 204 Moldova 0.1% compare
More economy & growth data for Luxembourg
- Real gdp growth, annual growth rate 262.63 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 3,041 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.1234 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0151 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 2,220 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.62 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Luxembourg?
- Annual gdp growth in Luxembourg was 0.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Luxembourg?
- The highest recorded value was 8.1% in 2007.
- What is the lowest annual gdp growth recorded in Luxembourg?
- The lowest recorded value was -3.2% in 2009.
- How does Luxembourg rank for annual gdp growth?
- Luxembourg ranks 201st out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Luxembourg?
- Over the last ten years it is down 86.3%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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