GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Luxembourg
Luxembourg: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 5.23 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Luxembourg, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp deflator — value standard local currency, 2015 prices, annual in Luxembourg is 5.23 % change on previous year, measured in 2024.
Compared with earlier readings it is up 52.4% on the previous year and up 86.9% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Luxembourg peaked at 16.98 % change on previous year in 1974 and was at its lowest, -2.03 % change on previous year, in 1998.
That places Luxembourg 62nd out of 209 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -0.8147 % change on previous year | — |
| 1972 | 5.79 % change on previous year | -810.6% |
| 1973 | 12.2 % change on previous year | +110.8% |
| 1974 | 16.98 % change on previous year | +39.2% |
| 1975 | -0.8551 % change on previous year | -105.0% |
| 1976 | 12.22 % change on previous year | -1528.6% |
| 1977 | 1.17 % change on previous year | -90.4% |
| 1978 | 5.13 % change on previous year | +337.5% |
| 1979 | 6.35 % change on previous year | +23.9% |
| 1980 | 7.92 % change on previous year | +24.7% |
| 1981 | 7.18 % change on previous year | -9.3% |
| 1982 | 10.81 % change on previous year | +50.5% |
| 1983 | 6.82 % change on previous year | -36.9% |
| 1984 | 4.41 % change on previous year | -35.4% |
| 1985 | 3.09 % change on previous year | -29.8% |
| 1986 | -0.0837 % change on previous year | -102.7% |
| 1987 | 0.0631 % change on previous year | -175.3% |
| 1988 | 2.78 % change on previous year | +4301.0% |
| 1989 | 4.02 % change on previous year | +44.8% |
| 1990 | 2.51 % change on previous year | -37.5% |
| 1991 | 1.82 % change on previous year | -27.5% |
| 1992 | 3.73 % change on previous year | +104.6% |
| 1993 | 5.97 % change on previous year | +60.2% |
| 1994 | 3.54 % change on previous year | -40.7% |
| 1995 | 2.33 % change on previous year | -34.2% |
| 1996 | 3.78 % change on previous year | +62.2% |
| 1997 | 2.62 % change on previous year | -30.8% |
| 1998 | -2.03 % change on previous year | -177.6% |
| 1999 | 4.76 % change on previous year | -334.4% |
| 2000 | 4.61 % change on previous year | -3.3% |
| 2001 | 0.79 % change on previous year | -82.9% |
| 2002 | 1.46 % change on previous year | +85.4% |
| 2003 | 2.19 % change on previous year | +49.3% |
| 2004 | 3.12 % change on previous year | +42.6% |
| 2005 | 4.82 % change on previous year | +54.5% |
| 2006 | 6.45 % change on previous year | +34.0% |
| 2007 | 1.89 % change on previous year | -70.7% |
| 2008 | 6.61 % change on previous year | +249.3% |
| 2009 | 0.8708 % change on previous year | -86.8% |
| 2010 | 4.65 % change on previous year | +433.8% |
| 2011 | 3.45 % change on previous year | -25.8% |
| 2012 | 3.27 % change on previous year | -5.3% |
| 2013 | 2.28 % change on previous year | -30.3% |
| 2014 | 2.8 % change on previous year | +22.9% |
| 2015 | 2.22 % change on previous year | -20.7% |
| 2016 | -1.11 % change on previous year | -149.9% |
| 2017 | 2.14 % change on previous year | -293.5% |
| 2018 | 2.11 % change on previous year | -1.5% |
| 2019 | 0.9007 % change on previous year | -57.3% |
| 2020 | 4.3 % change on previous year | +377.6% |
| 2021 | 4.64 % change on previous year | +7.9% |
| 2022 | 5.68 % change on previous year | +22.4% |
| 2023 | 3.43 % change on previous year | -39.6% |
| 2024 | 5.23 % change on previous year | +52.4% |
Luxembourg compared with similar countries
- Luxembourg's 5.23 % change on previous year is above the median for high income countries, which is 2.83 % change on previous year, 1.8× the median. (68 countries reporting)
- Luxembourg's 5.23 % change on previous year is above the median for Europe & Central Asia, which is 3.37 % change on previous year, 1.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 1988 | +4301.0% | 0.0631 % change on previous year | 2.78 % change on previous year |
| 1976 | +1528.6% | -0.8551 % change on previous year | 12.22 % change on previous year |
| 1972 | +810.6% | -0.8147 % change on previous year | 5.79 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.46 % change on previous year | -0.8551 % change on previous year | 16.98 % change on previous year | 9 |
| 1980s | 4.7 % change on previous year | -0.0837 % change on previous year | 10.81 % change on previous year | 10 |
| 1990s | 2.9 % change on previous year | -2.03 % change on previous year | 5.97 % change on previous year | 10 |
| 2000s | 3.28 % change on previous year | 0.79 % change on previous year | 6.61 % change on previous year | 10 |
| 2010s | 2.27 % change on previous year | -1.11 % change on previous year | 4.65 % change on previous year | 10 |
| 2020s | 4.66 % change on previous year | 3.43 % change on previous year | 5.68 % change on previous year | 5 |
Countries ranked near Luxembourg
- 59 Croatia 5.5 % change on previous year compare
- 60 Micronesia (Federated States of) 5.44 % change on previous year compare
- 61 Serbia 5.23 % change on previous year compare
- 63 Marshall Islands 5.21 % change on previous year compare
- 64 Netherlands (Kingdom of the) 5.2 % change on previous year compare
- 65 Peru 5.16 % change on previous year 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 gdp deflator — value standard local currency, 2015 prices, annual in Luxembourg?
- Gdp deflator — value standard local currency, 2015 prices, annual in Luxembourg was 5.23 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Luxembourg?
- The highest recorded value was 16.98 % change on previous year in 1974.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Luxembourg?
- The lowest recorded value was -2.03 % change on previous year in 1998.
- How does Luxembourg rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Luxembourg ranks 62nd out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Luxembourg?
- Over the last ten years it is up 86.9%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.