GDP growth in Luxembourg
Luxembourg: GDP growth was 0.3586 in 2024. ◆ Volatile
Latest (2024)
0.3586
Change on year
up 260.6%
World rank
62nd
of 74 countries
All-time high
9.98
in 1986
All-time low
-6.57
in 1975
Years of data
64
1961–2024
GDP growth in Luxembourg, 1961–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Luxembourg stood at 0.3586.
The figure is up 260.6% on the previous year and down 86.3% over ten years.
Over the whole period, gdp growth in Luxembourg peaked at 9.98 in 1986 and was at its lowest, -6.57, in 1975.
Luxembourg ranks 62nd of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 3.83 | — |
| 1962 | 1.36 | -64.5% |
| 1963 | 3.44 | +153.1% |
| 1964 | 7.87 | +128.7% |
| 1965 | -0.7349 | -109.3% |
| 1966 | 1.11 | -250.5% |
| 1967 | 0.2167 | -80.4% |
| 1968 | 4.18 | +1830.4% |
| 1969 | 9.97 | +138.4% |
| 1970 | 1.76 | -82.4% |
| 1971 | 2.67 | +51.6% |
| 1972 | 6.6 | +147.4% |
| 1973 | 8.31 | +26.0% |
| 1974 | 4.21 | -49.3% |
| 1975 | -6.57 | -256.0% |
| 1976 | 2.53 | -138.6% |
| 1977 | 1.57 | -38.1% |
| 1978 | 4.07 | +159.6% |
| 1979 | 2.35 | -42.4% |
| 1980 | 0.8409 | -64.2% |
| 1981 | -0.551 | -165.5% |
| 1982 | 1.13 | -305.3% |
| 1983 | 2.99 | +164.2% |
| 1984 | 6.19 | +107.0% |
| 1985 | 2.79 | -54.9% |
| 1986 | 9.98 | +257.6% |
| 1987 | 3.95 | -60.4% |
| 1988 | 8.46 | +114.2% |
| 1989 | 9.8 | +15.8% |
| 1990 | 5.32 | -45.7% |
| 1991 | 8.64 | +62.5% |
| 1992 | 1.82 | -78.9% |
| 1993 | 4.2 | +130.8% |
| 1994 | 3.82 | -9.0% |
| 1995 | 1.43 | -62.5% |
| 1996 | 1.4 | -2.4% |
| 1997 | 5.42 | +287.7% |
| 1998 | 6.67 | +23.1% |
| 1999 | 8.18 | +22.5% |
| 2000 | 6.94 | -15.1% |
| 2001 | 3.07 | -55.7% |
| 2002 | 3.23 | +4.9% |
| 2003 | 2.62 | -18.8% |
| 2004 | 4.23 | +61.6% |
| 2005 | 2.48 | -41.3% |
| 2006 | 6.02 | +142.3% |
| 2007 | 8.1 | +34.6% |
| 2008 | -0.3002 | -103.7% |
| 2009 | -3.24 | +979.0% |
| 2010 | 3.76 | -216.1% |
| 2011 | 1.04 | -72.2% |
| 2012 | 1.65 | +58.0% |
| 2013 | 3.17 | +92.2% |
| 2014 | 2.62 | -17.3% |
| 2015 | 2.27 | -13.5% |
| 2016 | 4.98 | +119.3% |
| 2017 | 1.32 | -73.5% |
| 2018 | 1.61 | +22.3% |
| 2019 | 2.75 | +70.6% |
| 2020 | -0.5101 | -118.6% |
| 2021 | 6.93 | -1458.6% |
| 2022 | -1.1 | -115.8% |
| 2023 | 0.0994 | -109.1% |
| 2024 | 0.3586 | +260.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.47 | -0.7349 | 9.97 | 9 |
| 1970s | 2.75 | -6.57 | 8.31 | 10 |
| 1980s | 4.56 | -0.551 | 9.98 | 10 |
| 1990s | 4.69 | 1.4 | 8.64 | 10 |
| 2000s | 3.31 | -3.24 | 8.1 | 10 |
| 2010s | 2.52 | 1.04 | 4.98 | 10 |
| 2020s | 1.16 | -1.1 | 6.93 | 5 |
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)
- 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 gdp growth in Luxembourg?
- Gdp growth in Luxembourg was 0.3586 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Luxembourg?
- The highest recorded value was 9.98 in 1986.
- What is the lowest gdp growth recorded in Luxembourg?
- The lowest recorded value was -6.57 in 1975.
- How does Luxembourg rank for gdp growth?
- Luxembourg ranks 62nd out of 74 countries with data for 2024.
- Is 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 UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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