Average economic size of farms by standard output, farm type and age in Luxembourg
Luxembourg: Average economic size of farms by standard output, farm type and age was 393.56 million Euro in 2023. ▲ Rising
Latest (2023)
393.56 million Euro
Change on year
up 21.5%
World rank
39th
of 40 countries
All-time high
393.56 million Euro
in 2023
All-time low
221.77 million Euro
in 2005
Years of data
7
2005–2023
Average economic size of farms by standard output, farm type and age in Luxembourg, 2005–2023
Source: Eurostat. Measured in Euro.
Analysis
Luxembourg recorded 393.56 million Euro for average economic size of farms by standard output, farm type and age in 2023. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 21.5% on the previous year and up 25.4% over ten years.
Over the whole period, average economic size of farms by standard output, farm type and age in Luxembourg peaked at 393.56 million Euro in 2023 and was at its lowest, 221.77 million Euro, in 2005.
That places Luxembourg 39th out of 40 countries with data for 2023, putting it in the bottom quarter.
Average economic size of farms by standard output, farm type and age in Luxembourg, year by year
| Year | Euro | Change |
|---|---|---|
| 2005 | 221.77 million Euro | — |
| 2007 | 226.64 million Euro | +2.2% |
| 2010 | 268.56 million Euro | +18.5% |
| 2013 | 313.81 million Euro | +16.9% |
| 2016 | 365.01 million Euro | +16.3% |
| 2020 | 323.95 million Euro | -11.2% |
| 2023 | 393.56 million Euro | +21.5% |
Luxembourg compared with similar countries
- Luxembourg's 393.56 million Euro is below the median for Europe & Central Asia, which is 7.96 billion Euro, 5% of the median. (29 countries reporting)
- Luxembourg's 393.56 million Euro is below the median for high income countries, which is 7.66 billion Euro, 5% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 224.20 million Euro | 221.77 million Euro | 226.64 million Euro | 2 |
| 2010s | 315.79 million Euro | 268.56 million Euro | 365.01 million Euro | 3 |
| 2020s | 358.76 million Euro | 323.95 million Euro | 393.56 million Euro | 2 |
Countries ranked near Luxembourg
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 average economic size of farms by standard output, farm type and age in Luxembourg?
- Average economic size of farms by standard output, farm type and age in Luxembourg was 393.56 million Euro in 2023, according to Eurostat.
- What is the highest average economic size of farms by standard output, farm type and age recorded in Luxembourg?
- The highest recorded value was 393.56 million Euro in 2023.
- What is the lowest average economic size of farms by standard output, farm type and age recorded in Luxembourg?
- The lowest recorded value was 221.77 million Euro in 2005.
- How does Luxembourg rank for average economic size of farms by standard output, farm type and age?
- Luxembourg ranks 39th out of 40 countries with data for 2023.
- Is average economic size of farms by standard output, farm type and age rising or falling in Luxembourg?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures come from Eurostat, published as part of Average economic size of farms by standard output, farm type and age of farm manager. Statizoid updates them automatically from the source API.
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