Annual growth of imports of goods and services in Luxembourg
Luxembourg: Annual growth of imports of goods and services was -13.6% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Luxembourg, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of imports of goods and services in Luxembourg stood at -13.6%. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 1,611.1% on the previous year and down 265.0% over ten years.
Over the whole period, annual growth of imports of goods and services in Luxembourg peaked at 16.9% in 2000 and was at its lowest, -13.6%, in 2024.
Luxembourg ranks 171st of 176 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 16.9% | — |
| 2001 | 6.8% | -59.5% |
| 2002 | -1.5% | -121.8% |
| 2003 | 3.6% | -344.3% |
| 2004 | 9.1% | +150.0% |
| 2005 | 6.2% | -32.4% |
| 2006 | 11.5% | +86.8% |
| 2007 | 2.6% | -77.7% |
| 2008 | 2.2% | -14.8% |
| 2009 | -9.1% | -516.1% |
| 2010 | 14.2% | -257.1% |
| 2011 | 6.8% | -52.6% |
| 2012 | 1.8% | -73.9% |
| 2013 | 6.2% | +254.0% |
| 2014 | 8.2% | +32.3% |
| 2015 | 5.7% | -30.7% |
| 2016 | 3.8% | -34.3% |
| 2017 | 0.8% | -80.0% |
| 2018 | 3.5% | +361.3% |
| 2019 | 7.5% | +115.3% |
| 2020 | 1.4% | -80.5% |
| 2021 | 13.4% | +823.4% |
| 2022 | 2.4% | -82.0% |
| 2023 | 0.9% | -62.7% |
| 2024 | -13.6% | -1611.1% |
Luxembourg compared with similar countries
- Luxembourg's -13.6% is below the median for high income countries, which is 2.5%. (62 countries reporting)
- Luxembourg's -13.6% is below the median for Europe & Central Asia, which is 2.5%. (50 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports of goods and services 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 |
|---|---|---|---|
| 2024 | -1611.1% | 0.9% | -13.6% |
| 2021 | +823.4% | 1.4% | 13.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.8% | -9.1% | 16.9% | 10 |
| 2010s | 5.8% | 0.8% | 14.2% | 10 |
| 2020s | 0.9% | -13.6% | 13.4% | 5 |
Countries ranked near Luxembourg
- 168 Bolivia, Plurinational State of -10.4% compare
- 169 Mozambique -10.7% compare
- 170 American Samoa -12.6% compare
- 172 Russian Federation -15.0% compare
- 173 Haiti -16.2% compare
- 174 Sudan -21.5% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 108.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 1.16 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 160,408 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -93.89 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -188.59 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.9282 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -136,679 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 9.54 % change on previous year (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Luxembourg?
- Annual growth of imports of goods and services in Luxembourg was -13.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Luxembourg?
- The highest recorded value was 16.9% in 2000.
- What is the lowest annual growth of imports of goods and services recorded in Luxembourg?
- The lowest recorded value was -13.6% in 2024.
- How does Luxembourg rank for annual growth of imports of goods and services?
- Luxembourg ranks 171st out of 176 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Luxembourg?
- Over the last ten years it is down 265.0%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).