Gross Domestic Product — Value US$, annual growth rate (US annual) in Luxembourg
Luxembourg: Gross Domestic Product — Value US$, annual growth rate (US annual) was 6.42 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Luxembourg, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, annual growth rate in Luxembourg is 6.42 % change on previous year, measured in 2024.
The figure is up 27.5% on the previous year and up 16.3% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Luxembourg peaked at 46.07 % change on previous year in 1986 and was at its lowest, -16.05 % change on previous year, in 1981.
Luxembourg ranks 97th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate (US annual) in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 3.79 % change on previous year | — |
| 1972 | 25.69 % change on previous year | +578.0% |
| 1973 | 37.24 % change on previous year | +45.0% |
| 1974 | 21.99 % change on previous year | -41.0% |
| 1975 | -1.9 % change on previous year | -108.6% |
| 1976 | 9.62 % change on previous year | -606.6% |
| 1977 | 10.68 % change on previous year | +11.1% |
| 1978 | 24.53 % change on previous year | +129.7% |
| 1979 | 16.92 % change on previous year | -31.0% |
| 1980 | 9.12 % change on previous year | -46.1% |
| 1981 | -16.05 % change on previous year | -276.1% |
| 1982 | -8.93 % change on previous year | -44.3% |
| 1983 | -1.7 % change on previous year | -81.0% |
| 1984 | -1.9 % change on previous year | +11.9% |
| 1985 | 3.13 % change on previous year | -264.8% |
| 1986 | 46.07 % change on previous year | +1374.0% |
| 1987 | 24.46 % change on previous year | -46.9% |
| 1988 | 13.19 % change on previous year | -46.1% |
| 1989 | 6.57 % change on previous year | -50.2% |
| 1990 | 27.31 % change on previous year | +315.4% |
| 1991 | 8.26 % change on previous year | -69.8% |
| 1992 | 12.18 % change on previous year | +47.5% |
| 1993 | 2.61 % change on previous year | -78.5% |
| 1994 | 11.16 % change on previous year | +326.9% |
| 1995 | 17.8 % change on previous year | +59.5% |
| 1996 | 0.199 % change on previous year | -98.9% |
| 1997 | -6.37 % change on previous year | -3301.6% |
| 1998 | 3 % change on previous year | -147.0% |
| 1999 | 8.68 % change on previous year | +189.9% |
| 2000 | -3.06 % change on previous year | -135.2% |
| 2001 | 0.7409 % change on previous year | -124.3% |
| 2002 | 10.58 % change on previous year | +1327.6% |
| 2003 | 25.44 % change on previous year | +140.5% |
| 2004 | 18.19 % change on previous year | -28.5% |
| 2005 | 7.44 % change on previous year | -59.1% |
| 2006 | 13.9 % change on previous year | +87.0% |
| 2007 | 20.22 % change on previous year | +45.4% |
| 2008 | 14.07 % change on previous year | -30.4% |
| 2009 | -7.44 % change on previous year | -152.9% |
| 2010 | 3.21 % change on previous year | -143.1% |
| 2011 | 9.75 % change on previous year | +204.1% |
| 2012 | -3.11 % change on previous year | -131.9% |
| 2013 | 9.08 % change on previous year | -391.7% |
| 2014 | 5.52 % change on previous year | -39.2% |
| 2015 | -12.69 % change on previous year | -329.8% |
| 2016 | 3.57 % change on previous year | -128.1% |
| 2017 | 5.62 % change on previous year | +57.3% |
| 2018 | 8.05 % change on previous year | +43.2% |
| 2019 | -1.56 % change on previous year | -119.4% |
| 2020 | 5.45 % change on previous year | -448.6% |
| 2021 | 16.13 % change on previous year | +195.9% |
| 2022 | -4.61 % change on previous year | -128.6% |
| 2023 | 5.04 % change on previous year | -209.4% |
| 2024 | 6.42 % change on previous year | +27.5% |
Luxembourg compared with similar countries
- Luxembourg's 6.42 % change on previous year is above the median for high income countries, which is 4.61 % change on previous year, 1.4× the median. (73 countries reporting)
- Luxembourg's 6.42 % change on previous year is above the median for Europe & Central Asia, which is 5.92 % change on previous year, 1.1× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate (US annual) 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 |
|---|---|---|---|
| 1997 | -3301.6% | 0.199 % change on previous year | -6.37 % change on previous year |
| 1986 | +1374.0% | 3.13 % change on previous year | 46.07 % change on previous year |
| 2002 | +1327.6% | 0.7409 % change on previous year | 10.58 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.51 % change on previous year | -1.9 % change on previous year | 37.24 % change on previous year | 9 |
| 1980s | 7.4 % change on previous year | -16.05 % change on previous year | 46.07 % change on previous year | 10 |
| 1990s | 8.48 % change on previous year | -6.37 % change on previous year | 27.31 % change on previous year | 10 |
| 2000s | 10.01 % change on previous year | -7.44 % change on previous year | 25.44 % change on previous year | 10 |
| 2010s | 2.74 % change on previous year | -12.69 % change on previous year | 9.75 % change on previous year | 10 |
| 2020s | 5.69 % change on previous year | -4.61 % change on previous year | 16.13 % change on previous year | 5 |
Countries ranked near Luxembourg
- 94 Turks and Caicos Islands 6.51 % change on previous year compare
- 95 Tonga 6.49 % change on previous year compare
- 96 Algeria 6.46 % change on previous year compare
- 98 Iceland 6.39 % change on previous year compare
- 99 Lithuania 6.37 % change on previous year compare
- 100 Netherlands (Kingdom of the) 6.34 % change on previous year compare
More economy & growth data for Luxembourg
- Real gdp growth, annual growth rate 262.63 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Luxembourg?
- Gross domestic product — value us$, annual growth rate in Luxembourg was 6.42 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Luxembourg?
- The highest recorded value was 46.07 % change on previous year in 1986.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Luxembourg?
- The lowest recorded value was -16.05 % change on previous year in 1981.
- How does Luxembourg rank for gross domestic product — value us$, annual growth rate?
- Luxembourg ranks 97th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Luxembourg?
- Over the last ten years it is up 16.3%. 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 — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.