Annual gdp growth in Luxembourg
Luxembourg: Annual gdp growth was -1.1 in 2023. ◆ Volatile
Latest (2023)
-1.1
Change on year
down 179.7%
World rank
192nd
of 211 countries
All-time high
8.1
in 2007
All-time low
-3.24
in 2009
Years of data
24
2000–2023
Annual gdp growth in Luxembourg, 2000–2023
Source: Our World in Data.
Analysis
Luxembourg recorded -1.1 for annual gdp growth in 2023.
That represents a change of down 179.7% on the previous year and down 134.7% over ten years.
Over the whole period, annual gdp growth in Luxembourg peaked at 8.1 in 2007 and was at its lowest, -3.24, in 2009.
That places Luxembourg 192nd out of 211 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.31 | -3.24 | 8.1 | 10 |
| 2010s | 2.5 | 1.04 | 4.98 | 10 |
| 2020s | 1.64 | -1.1 | 7.17 | 4 |
Countries ranked near Luxembourg
- 189 Saudi Arabia -0.75 compare
- 190 Hungary -0.91 compare
- 191 Austria -0.95 compare
- 193 Finland -1.16 compare
- 193 Liechtenstein -1.16 compare
- 195 United States Virgin Islands -1.31 compare
More economy & growth data for Luxembourg
- External balance on goods and services as a percent of gdp 31.16 (2025)
- Inflation of consumer prices 2.26 (2025)
- Gdp per capita worldbank constant usd 103,292 (2025)
- Manufacturing value added to gdp 3.72 (2025)
- Gdp worldbank constant usd 70.96 billion (2025)
- Gdp per capita in international and market dollars 103,292 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -587.70 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -636.12 million current US$ (2024)
- Taxes less subsidies on products 8.46 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Luxembourg?
- Annual gdp growth in Luxembourg was -1.1 in 2023, according to Our World in Data.
- 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 -3.24 in 2009.
- How does Luxembourg rank for annual gdp growth?
- Luxembourg ranks 192nd out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Luxembourg?
- Over the last ten years it is down 134.7%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).