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.
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 173rd out of 196 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 | Value | 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% |
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
- 170 South Africa 0.5% compare
- 171 Finland 0.4% compare
- 172 San Marino 0.4% compare
- 174 Saint Kitts and Nevis 0.3% compare
- 175 Japan 0.1% compare
- 176 Latvia -0.0% compare
More economy & growth data for Luxembourg
- 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)
- Gross domestic savings (current US$), annual growth rate 6.21 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.4666 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 68,707 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 1.74 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.4129 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 60,804 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 14.74 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.65 current US$ per US$ of GDP (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 173rd out of 196 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).