Gross Domestic Product — Value Standard Local Currency in Luxembourg
Luxembourg: Gross Domestic Product — Value Standard Local Currency was 84,316 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Luxembourg, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Luxembourg recorded 84,316 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 62.8% over ten years.
Over the whole period, gross domestic product — value standard local currency in Luxembourg peaked at 84,316 million SLC in 2024 and was at its lowest, 1,807 million SLC, in 1970.
That places Luxembourg 159th out of 218 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.
Gross Domestic Product — Value Standard Local Currency in Luxembourg, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,807 million SLC | — |
| 1971 | 1,840 million SLC | +1.8% |
| 1972 | 2,075 million SLC | +12.8% |
| 1973 | 2,522 million SLC | +21.5% |
| 1974 | 3,074 million SLC | +21.9% |
| 1975 | 2,848 million SLC | -7.4% |
| 1976 | 3,276 million SLC | +15.1% |
| 1977 | 3,367 million SLC | +2.8% |
| 1978 | 3,684 million SLC | +9.4% |
| 1979 | 4,010 million SLC | +8.8% |
| 1980 | 4,364 million SLC | +8.8% |
| 1981 | 4,651 million SLC | +6.6% |
| 1982 | 5,213 million SLC | +12.1% |
| 1983 | 5,734 million SLC | +10.0% |
| 1984 | 6,358 million SLC | +10.9% |
| 1985 | 6,737 million SLC | +6.0% |
| 1986 | 7,404 million SLC | +9.9% |
| 1987 | 7,701 million SLC | +4.0% |
| 1988 | 8,585 million SLC | +11.5% |
| 1989 | 9,805 million SLC | +14.2% |
| 1990 | 10,586 million SLC | +8.0% |
| 1991 | 11,711 million SLC | +10.6% |
| 1992 | 12,368 million SLC | +5.6% |
| 1993 | 13,658 million SLC | +10.4% |
| 1994 | 14,682 million SLC | +7.5% |
| 1995 | 15,239 million SLC | +3.8% |
| 1996 | 16,037 million SLC | +5.2% |
| 1997 | 17,349 million SLC | +8.2% |
| 1998 | 18,131 million SLC | +4.5% |
| 1999 | 20,548 million SLC | +13.3% |
| 2000 | 22,986 million SLC | +11.9% |
| 2001 | 23,880 million SLC | +3.9% |
| 2002 | 25,011 million SLC | +4.7% |
| 2003 | 26,227 million SLC | +4.9% |
| 2004 | 28,189 million SLC | +7.5% |
| 2005 | 30,281 million SLC | +7.4% |
| 2006 | 34,175 million SLC | +12.9% |
| 2007 | 37,642 million SLC | +10.1% |
| 2008 | 40,010 million SLC | +6.3% |
| 2009 | 39,051 million SLC | -2.4% |
| 2010 | 42,403 million SLC | +8.6% |
| 2011 | 44,324 million SLC | +4.5% |
| 2012 | 46,526 million SLC | +5.0% |
| 2013 | 49,094 million SLC | +5.5% |
| 2014 | 51,791 million SLC | +5.5% |
| 2015 | 54,142 million SLC | +4.5% |
| 2016 | 56,208 million SLC | +3.8% |
| 2017 | 58,169 million SLC | +3.5% |
| 2018 | 60,121 million SLC | +3.4% |
| 2019 | 62,432 million SLC | +3.8% |
| 2020 | 64,524 million SLC | +3.4% |
| 2021 | 72,361 million SLC | +12.1% |
| 2022 | 77,529 million SLC | +7.1% |
| 2023 | 79,310 million SLC | +2.3% |
| 2024 | 84,316 million SLC | +6.3% |
Luxembourg compared with similar countries
- Luxembourg's 84,316 million SLC is below the median for high income countries, which is 257,567 million SLC, 33% of the median. (72 countries reporting)
- Luxembourg's 84,316 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 17% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,850 million SLC | 1,807 million SLC | 4,010 million SLC | 10 |
| 1980s | 6,655 million SLC | 4,364 million SLC | 9,805 million SLC | 10 |
| 1990s | 15,031 million SLC | 10,586 million SLC | 20,548 million SLC | 10 |
| 2000s | 30,745 million SLC | 22,986 million SLC | 40,010 million SLC | 10 |
| 2010s | 52,521 million SLC | 42,403 million SLC | 62,432 million SLC | 10 |
| 2020s | 75,608 million SLC | 64,524 million SLC | 84,316 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)
- 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 — value standard local currency in Luxembourg?
- Gross domestic product — value standard local currency in Luxembourg was 84,316 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 recorded in Luxembourg?
- The highest recorded value was 84,316 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Luxembourg?
- The lowest recorded value was 1,807 million SLC in 1970.
- How does Luxembourg rank for gross domestic product — value standard local currency?
- Luxembourg ranks 159th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Luxembourg?
- Over the last ten years it is up 62.8%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).