Gross Domestic Product — Value Standard Local Currency, 2015 prices in Luxembourg
Luxembourg: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 64,534 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Luxembourg, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Luxembourg stood at 64,534 million SLC.
The figure is up 1.0% on the previous year and up 21.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Luxembourg peaked at 64,582 million SLC in 2022 and was at its lowest, 10,856 million SLC, in 1970.
Luxembourg ranks 153rd of 223 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 — Value Standard Local Currency, 2015 prices in Luxembourg, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 10,856 million SLC | — |
| 1971 | 11,146 million SLC | +2.7% |
| 1972 | 11,881 million SLC | +6.6% |
| 1973 | 12,869 million SLC | +8.3% |
| 1974 | 13,411 million SLC | +4.2% |
| 1975 | 12,530 million SLC | -6.6% |
| 1976 | 12,847 million SLC | +2.5% |
| 1977 | 13,049 million SLC | +1.6% |
| 1978 | 13,581 million SLC | +4.1% |
| 1979 | 13,899 million SLC | +2.3% |
| 1980 | 14,016 million SLC | +0.8% |
| 1981 | 13,939 million SLC | -0.6% |
| 1982 | 14,097 million SLC | +1.1% |
| 1983 | 14,518 million SLC | +3.0% |
| 1984 | 15,416 million SLC | +6.2% |
| 1985 | 15,847 million SLC | +2.8% |
| 1986 | 17,429 million SLC | +10.0% |
| 1987 | 18,117 million SLC | +4.0% |
| 1988 | 19,651 million SLC | +8.5% |
| 1989 | 21,576 million SLC | +9.8% |
| 1990 | 22,724 million SLC | +5.3% |
| 1991 | 24,688 million SLC | +8.6% |
| 1992 | 25,137 million SLC | +1.8% |
| 1993 | 26,193 million SLC | +4.2% |
| 1994 | 27,194 million SLC | +3.8% |
| 1995 | 27,584 million SLC | +1.4% |
| 1996 | 27,969 million SLC | +1.4% |
| 1997 | 29,485 million SLC | +5.4% |
| 1998 | 31,453 million SLC | +6.7% |
| 1999 | 34,024 million SLC | +8.2% |
| 2000 | 36,385 million SLC | +6.9% |
| 2001 | 37,504 million SLC | +3.1% |
| 2002 | 38,714 million SLC | +3.2% |
| 2003 | 39,728 million SLC | +2.6% |
| 2004 | 41,409 million SLC | +4.2% |
| 2005 | 42,437 million SLC | +2.5% |
| 2006 | 44,990 million SLC | +6.0% |
| 2007 | 48,634 million SLC | +8.1% |
| 2008 | 48,488 million SLC | -0.3% |
| 2009 | 46,917 million SLC | -3.2% |
| 2010 | 48,682 million SLC | +3.8% |
| 2011 | 49,190 million SLC | +1.0% |
| 2012 | 50,002 million SLC | +1.6% |
| 2013 | 51,588 million SLC | +3.2% |
| 2014 | 52,941 million SLC | +2.6% |
| 2015 | 54,142 million SLC | +2.3% |
| 2016 | 56,838 million SLC | +5.0% |
| 2017 | 57,586 million SLC | +1.3% |
| 2018 | 58,288 million SLC | +1.2% |
| 2019 | 59,988 million SLC | +2.9% |
| 2020 | 59,442 million SLC | -0.9% |
| 2021 | 63,703 million SLC | +7.2% |
| 2022 | 64,582 million SLC | +1.4% |
| 2023 | 63,875 million SLC | -1.1% |
| 2024 | 64,534 million SLC | +1.0% |
Luxembourg compared with similar countries
- Luxembourg's 64,534 million SLC is below the median for high income countries, which is 202,758 million SLC, 32% of the median. (73 countries reporting)
- Luxembourg's 64,534 million SLC is below the median for Europe & Central Asia, which is 410,343 million SLC, 16% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,607 million SLC | 10,856 million SLC | 13,899 million SLC | 10 |
| 1980s | 16,461 million SLC | 13,939 million SLC | 21,576 million SLC | 10 |
| 1990s | 27,645 million SLC | 22,724 million SLC | 34,024 million SLC | 10 |
| 2000s | 42,520 million SLC | 36,385 million SLC | 48,634 million SLC | 10 |
| 2010s | 53,924 million SLC | 48,682 million SLC | 59,988 million SLC | 10 |
| 2020s | 63,227 million SLC | 59,442 million SLC | 64,582 million SLC | 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)
- 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 — value standard local currency, 2015 prices in Luxembourg?
- Gross domestic product — value standard local currency, 2015 prices in Luxembourg was 64,534 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Luxembourg?
- The highest recorded value was 64,582 million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Luxembourg?
- The lowest recorded value was 10,856 million SLC in 1970.
- How does Luxembourg rank for gross domestic product — value standard local currency, 2015 prices?
- Luxembourg ranks 153rd out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Luxembourg?
- Over the last ten years it is up 21.9%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).