Gross domestic product (GDP) in Luxembourg
Luxembourg: Gross domestic product (GDP) was 62.79 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
62.79 billion international-$ in 2021 prices
Change on year
down 1.3%
World rank
108th
of 184 countries
All-time high
64.98 billion international-$ in 2021 prices
in 2021
All-time low
4.74 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Luxembourg, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Luxembourg recorded 62.79 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023.
Compared with earlier readings it is down 1.3% on the previous year and up 57.6% over ten years.
Over the whole period, gross domestic product (gdp) in Luxembourg peaked at 64.98 billion international-$ in 2021 prices in 2021 and was at its lowest, 4.74 billion international-$ in 2021 prices, in 1950.
Luxembourg ranks 108th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Luxembourg, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 4.74 billion international-$ in 2021 prices | — |
| 1951 | 5.12 billion international-$ in 2021 prices | +8.0% |
| 1952 | 5.64 billion international-$ in 2021 prices | +10.1% |
| 1953 | 5.06 billion international-$ in 2021 prices | -10.2% |
| 1954 | 4.94 billion international-$ in 2021 prices | -2.3% |
| 1955 | 5.32 billion international-$ in 2021 prices | +7.6% |
| 1956 | 5.86 billion international-$ in 2021 prices | +10.2% |
| 1957 | 6.05 billion international-$ in 2021 prices | +3.2% |
| 1958 | 5.86 billion international-$ in 2021 prices | -3.1% |
| 1959 | 5.89 billion international-$ in 2021 prices | +0.5% |
| 1960 | 6.43 billion international-$ in 2021 prices | +9.2% |
| 1961 | 6.43 billion international-$ in 2021 prices | -0.0% |
| 1962 | 6.31 billion international-$ in 2021 prices | -1.8% |
| 1963 | 6.38 billion international-$ in 2021 prices | +1.1% |
| 1964 | 6.91 billion international-$ in 2021 prices | +8.3% |
| 1965 | 7.04 billion international-$ in 2021 prices | +1.8% |
| 1966 | 7.14 billion international-$ in 2021 prices | +1.5% |
| 1967 | 7.39 billion international-$ in 2021 prices | +3.6% |
| 1968 | 7.80 billion international-$ in 2021 prices | +5.5% |
| 1969 | 8.88 billion international-$ in 2021 prices | +13.8% |
| 1970 | 8.99 billion international-$ in 2021 prices | +1.3% |
| 1971 | 8.71 billion international-$ in 2021 prices | -3.1% |
| 1972 | 9.33 billion international-$ in 2021 prices | +7.1% |
| 1973 | 10.43 billion international-$ in 2021 prices | +11.7% |
| 1974 | 11.20 billion international-$ in 2021 prices | +7.5% |
| 1975 | 9.70 billion international-$ in 2021 prices | -13.5% |
| 1976 | 10.29 billion international-$ in 2021 prices | +6.1% |
| 1977 | 10.38 billion international-$ in 2021 prices | +0.9% |
| 1978 | 10.95 billion international-$ in 2021 prices | +5.4% |
| 1979 | 11.40 billion international-$ in 2021 prices | +4.2% |
| 1980 | 11.56 billion international-$ in 2021 prices | +1.4% |
| 1981 | 11.11 billion international-$ in 2021 prices | -3.9% |
| 1982 | 11.09 billion international-$ in 2021 prices | -0.2% |
| 1983 | 11.04 billion international-$ in 2021 prices | -0.5% |
| 1984 | 11.00 billion international-$ in 2021 prices | -0.3% |
| 1985 | 11.05 billion international-$ in 2021 prices | +0.4% |
| 1986 | 12.56 billion international-$ in 2021 prices | +13.7% |
| 1987 | 13.01 billion international-$ in 2021 prices | +3.6% |
| 1988 | 14.46 billion international-$ in 2021 prices | +11.1% |
| 1989 | 16.27 billion international-$ in 2021 prices | +12.5% |
| 1990 | 17.17 billion international-$ in 2021 prices | +5.6% |
| 1991 | 19.04 billion international-$ in 2021 prices | +10.9% |
| 1992 | 19.45 billion international-$ in 2021 prices | +2.2% |
| 1993 | 20.90 billion international-$ in 2021 prices | +7.4% |
| 1994 | 22.20 billion international-$ in 2021 prices | +6.2% |
| 1995 | 22.62 billion international-$ in 2021 prices | +1.9% |
| 1996 | 23.01 billion international-$ in 2021 prices | +1.7% |
| 1997 | 24.64 billion international-$ in 2021 prices | +7.1% |
| 1998 | 26.60 billion international-$ in 2021 prices | +7.9% |
| 1999 | 29.79 billion international-$ in 2021 prices | +12.0% |
| 2000 | 33.78 billion international-$ in 2021 prices | +13.4% |
| 2001 | 32.63 billion international-$ in 2021 prices | -3.4% |
| 2002 | 32.68 billion international-$ in 2021 prices | +0.2% |
| 2003 | 31.63 billion international-$ in 2021 prices | -3.2% |
| 2004 | 30.92 billion international-$ in 2021 prices | -2.3% |
| 2005 | 33.47 billion international-$ in 2021 prices | +8.3% |
| 2006 | 33.93 billion international-$ in 2021 prices | +1.4% |
| 2007 | 36.22 billion international-$ in 2021 prices | +6.7% |
| 2008 | 37.46 billion international-$ in 2021 prices | +3.4% |
| 2009 | 36.02 billion international-$ in 2021 prices | -3.8% |
| 2010 | 41.02 billion international-$ in 2021 prices | +13.9% |
| 2011 | 37.45 billion international-$ in 2021 prices | -8.7% |
| 2012 | 40.73 billion international-$ in 2021 prices | +8.8% |
| 2013 | 39.85 billion international-$ in 2021 prices | -2.2% |
| 2014 | 45.76 billion international-$ in 2021 prices | +14.8% |
| 2015 | 52.16 billion international-$ in 2021 prices | +14.0% |
| 2016 | 54.43 billion international-$ in 2021 prices | +4.4% |
| 2017 | 58.72 billion international-$ in 2021 prices | +7.9% |
| 2018 | 55.77 billion international-$ in 2021 prices | -5.0% |
| 2019 | 61.50 billion international-$ in 2021 prices | +10.3% |
| 2020 | 58.60 billion international-$ in 2021 prices | -4.7% |
| 2021 | 64.98 billion international-$ in 2021 prices | +10.9% |
| 2022 | 63.63 billion international-$ in 2021 prices | -2.1% |
| 2023 | 62.79 billion international-$ in 2021 prices | -1.3% |
Luxembourg compared with similar countries
- Luxembourg's 62.79 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 23% of the median. (66 countries reporting)
- Luxembourg's 62.79 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 20% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 5.45 billion international-$ in 2021 prices | 4.74 billion international-$ in 2021 prices | 6.05 billion international-$ in 2021 prices | 10 |
| 1960s | 7.07 billion international-$ in 2021 prices | 6.31 billion international-$ in 2021 prices | 8.88 billion international-$ in 2021 prices | 10 |
| 1970s | 10.14 billion international-$ in 2021 prices | 8.71 billion international-$ in 2021 prices | 11.40 billion international-$ in 2021 prices | 10 |
| 1980s | 12.31 billion international-$ in 2021 prices | 11.00 billion international-$ in 2021 prices | 16.27 billion international-$ in 2021 prices | 10 |
| 1990s | 22.54 billion international-$ in 2021 prices | 17.17 billion international-$ in 2021 prices | 29.79 billion international-$ in 2021 prices | 10 |
| 2000s | 33.87 billion international-$ in 2021 prices | 30.92 billion international-$ in 2021 prices | 37.46 billion international-$ in 2021 prices | 10 |
| 2010s | 48.74 billion international-$ in 2021 prices | 37.45 billion international-$ in 2021 prices | 61.50 billion international-$ in 2021 prices | 10 |
| 2020s | 62.50 billion international-$ in 2021 prices | 58.60 billion international-$ in 2021 prices | 64.98 billion international-$ in 2021 prices | 4 |
Countries ranked near Luxembourg
- 105 Honduras 68.60 billion international-$ in 2021 prices compare
- 106 Latvia 65.02 billion international-$ in 2021 prices compare
- 107 Laos 64.50 billion international-$ in 2021 prices compare
- 109 Armenia 61.47 billion international-$ in 2021 prices compare
- 110 Mali 61.19 billion international-$ in 2021 prices compare
- 111 Bosnia and Herzegovina 60.59 billion international-$ in 2021 prices 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$), annual growth rate 9.54 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Luxembourg?
- Gross domestic product (gdp) in Luxembourg was 62.79 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Luxembourg?
- The highest recorded value was 64.98 billion international-$ in 2021 prices in 2021.
- What is the lowest gross domestic product (gdp) recorded in Luxembourg?
- The lowest recorded value was 4.74 billion international-$ in 2021 prices in 1950.
- How does Luxembourg rank for gross domestic product (gdp)?
- Luxembourg ranks 108th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Luxembourg?
- Over the last ten years it is up 57.6%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.