Gross Domestic Product — Value US$, 2015 prices in Luxembourg
Luxembourg: Gross Domestic Product — Value US$, 2015 prices was 71,601 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Luxembourg, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Luxembourg recorded 71,601 million USD for gross domestic product — value us$, 2015 prices in 2024.
Compared with earlier readings it is up 1.0% on the previous year and up 21.9% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Luxembourg peaked at 71,655 million USD in 2022 and was at its lowest, 12,045 million USD, in 1970.
Luxembourg ranks 76th of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Luxembourg, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 12,045 million USD | — |
| 1971 | 12,366 million USD | +2.7% |
| 1972 | 13,182 million USD | +6.6% |
| 1973 | 14,278 million USD | +8.3% |
| 1974 | 14,880 million USD | +4.2% |
| 1975 | 13,902 million USD | -6.6% |
| 1976 | 14,254 million USD | +2.5% |
| 1977 | 14,478 million USD | +1.6% |
| 1978 | 15,068 million USD | +4.1% |
| 1979 | 15,422 million USD | +2.3% |
| 1980 | 15,551 million USD | +0.8% |
| 1981 | 15,466 million USD | -0.6% |
| 1982 | 15,640 million USD | +1.1% |
| 1983 | 16,108 million USD | +3.0% |
| 1984 | 17,104 million USD | +6.2% |
| 1985 | 17,582 million USD | +2.8% |
| 1986 | 19,337 million USD | +10.0% |
| 1987 | 20,101 million USD | +4.0% |
| 1988 | 21,803 million USD | +8.5% |
| 1989 | 23,939 million USD | +9.8% |
| 1990 | 25,212 million USD | +5.3% |
| 1991 | 27,392 million USD | +8.6% |
| 1992 | 27,890 million USD | +1.8% |
| 1993 | 29,062 million USD | +4.2% |
| 1994 | 30,172 million USD | +3.8% |
| 1995 | 30,604 million USD | +1.4% |
| 1996 | 31,032 million USD | +1.4% |
| 1997 | 32,714 million USD | +5.4% |
| 1998 | 34,898 million USD | +6.7% |
| 1999 | 37,751 million USD | +8.2% |
| 2000 | 40,370 million USD | +6.9% |
| 2001 | 41,611 million USD | +3.1% |
| 2002 | 42,953 million USD | +3.2% |
| 2003 | 44,078 million USD | +2.6% |
| 2004 | 45,944 million USD | +4.2% |
| 2005 | 47,084 million USD | +2.5% |
| 2006 | 49,917 million USD | +6.0% |
| 2007 | 53,960 million USD | +8.1% |
| 2008 | 53,798 million USD | -0.3% |
| 2009 | 52,055 million USD | -3.2% |
| 2010 | 54,013 million USD | +3.8% |
| 2011 | 54,577 million USD | +1.0% |
| 2012 | 55,477 million USD | +1.6% |
| 2013 | 57,237 million USD | +3.2% |
| 2014 | 58,738 million USD | +2.6% |
| 2015 | 60,072 million USD | +2.3% |
| 2016 | 63,062 million USD | +5.0% |
| 2017 | 63,893 million USD | +1.3% |
| 2018 | 64,672 million USD | +1.2% |
| 2019 | 66,558 million USD | +2.9% |
| 2020 | 65,952 million USD | -0.9% |
| 2021 | 70,680 million USD | +7.2% |
| 2022 | 71,655 million USD | +1.4% |
| 2023 | 70,870 million USD | -1.1% |
| 2024 | 71,601 million USD | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13,988 million USD | 12,045 million USD | 15,422 million USD | 10 |
| 1980s | 18,263 million USD | 15,466 million USD | 23,939 million USD | 10 |
| 1990s | 30,673 million USD | 25,212 million USD | 37,751 million USD | 10 |
| 2000s | 47,177 million USD | 40,370 million USD | 53,960 million USD | 10 |
| 2010s | 59,830 million USD | 54,013 million USD | 66,558 million USD | 10 |
| 2020s | 70,152 million USD | 65,952 million USD | 71,655 million USD | 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)
- Services, value added (constant LCU), per capita 80,691 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.22 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.86 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9055 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 133,344 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.31 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8014 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 118,006 current LCU per person (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Luxembourg?
- Gross domestic product — value us$, 2015 prices in Luxembourg was 71,601 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Luxembourg?
- The highest recorded value was 71,655 million USD in 2022.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Luxembourg?
- The lowest recorded value was 12,045 million USD in 1970.
- How does Luxembourg rank for gross domestic product — value us$, 2015 prices?
- Luxembourg ranks 76th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).