Gross domestic product (GDP), annual growth rate (Bolt) in Luxembourg
Luxembourg: Gross domestic product (GDP), annual growth rate (Bolt) was 1.55 % change on previous year in 2022. ◆ Volatile
Latest (2022)
1.55 % change on previous year
Change on year
down 69.6%
World rank
142nd
of 166 countries
All-time high
10.39 % change on previous year
in 1988
All-time low
-7.21 % change on previous year
in 1951
Years of data
72
1951–2022
Gross domestic product (GDP), annual growth rate in Luxembourg, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, gross domestic product (gdp), annual growth rate in Luxembourg stood at 1.55 % change on previous year.
The figure is down 69.6% on the previous year and down 6.1% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Luxembourg peaked at 10.39 % change on previous year in 1988 and was at its lowest, -7.21 % change on previous year, in 1951.
That places Luxembourg 142nd out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | -7.21 % change on previous year | — |
| 1952 | 7.35 % change on previous year | -201.9% |
| 1953 | 1.33 % change on previous year | -81.9% |
| 1954 | 0.4738 % change on previous year | -64.5% |
| 1955 | 5.01 % change on previous year | +958.4% |
| 1956 | 4.43 % change on previous year | -11.8% |
| 1957 | 4.93 % change on previous year | +11.5% |
| 1958 | 1.48 % change on previous year | -69.9% |
| 1959 | 2.52 % change on previous year | +69.8% |
| 1960 | 3.78 % change on previous year | +50.1% |
| 1961 | 3.96 % change on previous year | +4.8% |
| 1962 | 1.36 % change on previous year | -65.6% |
| 1963 | 3.49 % change on previous year | +156.0% |
| 1964 | 7.75 % change on previous year | +122.1% |
| 1965 | 1.93 % change on previous year | -75.2% |
| 1966 | 1.18 % change on previous year | -38.6% |
| 1967 | 0.2347 % change on previous year | -80.1% |
| 1968 | 4.18 % change on previous year | +1683.0% |
| 1969 | 9.81 % change on previous year | +134.5% |
| 1970 | 1.71 % change on previous year | -82.6% |
| 1971 | 2.67 % change on previous year | +56.6% |
| 1972 | 6.59 % change on previous year | +146.6% |
| 1973 | 8.31 % change on previous year | +26.1% |
| 1974 | 4.22 % change on previous year | -49.3% |
| 1975 | -6.58 % change on previous year | -255.9% |
| 1976 | 2.53 % change on previous year | -138.5% |
| 1977 | 1.57 % change on previous year | -38.0% |
| 1978 | 4.09 % change on previous year | +160.7% |
| 1979 | 2.33 % change on previous year | -43.1% |
| 1980 | 0.8504 % change on previous year | -63.5% |
| 1981 | 1.02 % change on previous year | +19.7% |
| 1982 | -0.4345 % change on previous year | -142.7% |
| 1983 | 2.98 % change on previous year | -785.4% |
| 1984 | 6.19 % change on previous year | +107.9% |
| 1985 | 2.92 % change on previous year | -52.8% |
| 1986 | 7.74 % change on previous year | +165.0% |
| 1987 | 2.33 % change on previous year | -69.9% |
| 1988 | 10.39 % change on previous year | +345.9% |
| 1989 | 9.85 % change on previous year | -5.2% |
| 1990 | 2.15 % change on previous year | -78.2% |
| 1991 | 8.24 % change on previous year | +283.4% |
| 1992 | 1.46 % change on previous year | -82.3% |
| 1993 | 3.88 % change on previous year | +166.2% |
| 1994 | 3.51 % change on previous year | -9.5% |
| 1995 | 1.03 % change on previous year | -70.5% |
| 1996 | 0.8372 % change on previous year | -19.0% |
| 1997 | 5.34 % change on previous year | +538.0% |
| 1998 | 5.66 % change on previous year | +5.9% |
| 1999 | 8.15 % change on previous year | +44.0% |
| 2000 | 7.77 % change on previous year | -4.6% |
| 2001 | 2.05 % change on previous year | -73.6% |
| 2002 | 3.45 % change on previous year | +68.1% |
| 2003 | 1.27 % change on previous year | -63.2% |
| 2004 | 3.16 % change on previous year | +149.1% |
| 2005 | 2.8 % change on previous year | -11.4% |
| 2006 | 4.71 % change on previous year | +68.4% |
| 2007 | 8.03 % change on previous year | +70.2% |
| 2008 | -1.69 % change on previous year | -121.1% |
| 2009 | -4.76 % change on previous year | +181.6% |
| 2010 | 4.49 % change on previous year | -194.3% |
| 2011 | 2.24 % change on previous year | -50.1% |
| 2012 | 1.65 % change on previous year | -26.3% |
| 2013 | 3.17 % change on previous year | +92.3% |
| 2014 | 2.62 % change on previous year | -17.3% |
| 2015 | 2.27 % change on previous year | -13.5% |
| 2016 | 4.98 % change on previous year | +119.3% |
| 2017 | 1.32 % change on previous year | -73.5% |
| 2018 | 1.22 % change on previous year | -7.4% |
| 2019 | 2.32 % change on previous year | +90.3% |
| 2020 | -0.7974 % change on previous year | -134.4% |
| 2021 | 5.1 % change on previous year | -739.9% |
| 2022 | 1.55 % change on previous year | -69.6% |
Luxembourg compared with similar countries
- Luxembourg's 1.55 % change on previous year is below the median for high income countries, which is 3.67 % change on previous year, 42% of the median. (55 countries reporting)
- Luxembourg's 1.55 % change on previous year is below the median for Europe & Central Asia, which is 3.71 % change on previous year, 42% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 1968 | +1683.0% | 0.2347 % change on previous year | 4.18 % change on previous year |
| 1955 | +958.4% | 0.4738 % change on previous year | 5.01 % change on previous year |
| 1983 | +785.4% | -0.4345 % change on previous year | 2.98 % change on previous year |
| 2021 | +739.9% | -0.7974 % change on previous year | 5.1 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2.26 % change on previous year | -7.21 % change on previous year | 7.35 % change on previous year | 9 |
| 1960s | 3.77 % change on previous year | 0.2347 % change on previous year | 9.81 % change on previous year | 10 |
| 1970s | 2.74 % change on previous year | -6.58 % change on previous year | 8.31 % change on previous year | 10 |
| 1980s | 4.38 % change on previous year | -0.4345 % change on previous year | 10.39 % change on previous year | 10 |
| 1990s | 4.03 % change on previous year | 0.8372 % change on previous year | 8.24 % change on previous year | 10 |
| 2000s | 2.68 % change on previous year | -4.76 % change on previous year | 8.03 % change on previous year | 10 |
| 2010s | 2.63 % change on previous year | 1.22 % change on previous year | 4.98 % change on previous year | 10 |
| 2020s | 1.95 % change on previous year | -0.7974 % change on previous year | 5.1 % change on previous year | 3 |
Countries ranked near Luxembourg
- 139 Germany 1.79 % change on previous year compare
- 140 Cuba 1.77 % change on previous year compare
- 141 Slovakia 1.67 % change on previous year compare
- 143 Yemen 1.5 % change on previous year compare
- 144 Morocco 1.14 % change on previous year compare
- 145 Lesotho 1.11 % 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)
- SDRs holdings, US dollar, annual growth rate 5.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 3,041 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.1234 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0151 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 2,220 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.62 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0133 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Luxembourg?
- Gross domestic product (gdp), annual growth rate in Luxembourg was 1.55 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Luxembourg?
- The highest recorded value was 10.39 % change on previous year in 1988.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Luxembourg?
- The lowest recorded value was -7.21 % change on previous year in 1951.
- How does Luxembourg rank for gross domestic product (gdp), annual growth rate?
- Luxembourg ranks 142nd out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Luxembourg?
- Over the last ten years it is down 6.1%. 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 Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.