Gross Domestic Product — Value US$ in Luxembourg
Luxembourg: Gross Domestic Product — Value US$ was 91,262 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Luxembourg, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Luxembourg stood at 91,262 million USD. That is the highest value across all 55 years on record.
That represents a change of up 6.4% on the previous year and up 32.6% over ten years.
Over the whole period, gross domestic product — value us$ in Luxembourg peaked at 91,262 million USD in 2024 and was at its lowest, 1,458 million USD, in 1970.
That places Luxembourg 76th out of 203 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 US$ in Luxembourg, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,458 million USD | — |
| 1971 | 1,513 million USD | +3.8% |
| 1972 | 1,902 million USD | +25.7% |
| 1973 | 2,610 million USD | +37.2% |
| 1974 | 3,184 million USD | +22.0% |
| 1975 | 3,123 million USD | -1.9% |
| 1976 | 3,424 million USD | +9.6% |
| 1977 | 3,789 million USD | +10.7% |
| 1978 | 4,719 million USD | +24.5% |
| 1979 | 5,517 million USD | +16.9% |
| 1980 | 6,020 million USD | +9.1% |
| 1981 | 5,054 million USD | -16.1% |
| 1982 | 4,602 million USD | -8.9% |
| 1983 | 4,524 million USD | -1.7% |
| 1984 | 4,438 million USD | -1.9% |
| 1985 | 4,577 million USD | +3.1% |
| 1986 | 6,686 million USD | +46.1% |
| 1987 | 8,321 million USD | +24.5% |
| 1988 | 9,419 million USD | +13.2% |
| 1989 | 10,038 million USD | +6.6% |
| 1990 | 12,779 million USD | +27.3% |
| 1991 | 13,834 million USD | +8.3% |
| 1992 | 15,519 million USD | +12.2% |
| 1993 | 15,925 million USD | +2.6% |
| 1994 | 17,702 million USD | +11.2% |
| 1995 | 20,853 million USD | +17.8% |
| 1996 | 20,895 million USD | +0.2% |
| 1997 | 19,564 million USD | -6.4% |
| 1998 | 20,150 million USD | +3.0% |
| 1999 | 21,899 million USD | +8.7% |
| 2000 | 21,230 million USD | -3.1% |
| 2001 | 21,388 million USD | +0.7% |
| 2002 | 23,650 million USD | +10.6% |
| 2003 | 29,667 million USD | +25.4% |
| 2004 | 35,065 million USD | +18.2% |
| 2005 | 37,672 million USD | +7.4% |
| 2006 | 42,910 million USD | +13.9% |
| 2007 | 51,587 million USD | +20.2% |
| 2008 | 58,844 million USD | +14.1% |
| 2009 | 54,467 million USD | -7.4% |
| 2010 | 56,214 million USD | +3.2% |
| 2011 | 61,696 million USD | +9.8% |
| 2012 | 59,776 million USD | -3.1% |
| 2013 | 65,203 million USD | +9.1% |
| 2014 | 68,805 million USD | +5.5% |
| 2015 | 60,072 million USD | -12.7% |
| 2016 | 62,217 million USD | +3.6% |
| 2017 | 65,712 million USD | +5.6% |
| 2018 | 71,000 million USD | +8.0% |
| 2019 | 69,890 million USD | -1.6% |
| 2020 | 73,699 million USD | +5.4% |
| 2021 | 85,584 million USD | +16.1% |
| 2022 | 81,642 million USD | -4.6% |
| 2023 | 85,755 million USD | +5.0% |
| 2024 | 91,262 million USD | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,124 million USD | 1,458 million USD | 5,517 million USD | 10 |
| 1980s | 6,368 million USD | 4,438 million USD | 10,038 million USD | 10 |
| 1990s | 17,912 million USD | 12,779 million USD | 21,899 million USD | 10 |
| 2000s | 37,648 million USD | 21,230 million USD | 58,844 million USD | 10 |
| 2010s | 64,059 million USD | 56,214 million USD | 71,000 million USD | 10 |
| 2020s | 83,588 million USD | 73,699 million USD | 91,262 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)
- GNI (current LCU), annual growth rate 8.2 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.6028 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 88,769 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -12.96 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual -12.85 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 14.45 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0944 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 13,908 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Luxembourg?
- Gross domestic product — value us$ in Luxembourg was 91,262 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Luxembourg?
- The highest recorded value was 91,262 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Luxembourg?
- The lowest recorded value was 1,458 million USD in 1970.
- How does Luxembourg rank for gross domestic product — value us$?
- Luxembourg ranks 76th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Luxembourg?
- Over the last ten years it is up 32.6%. 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$. 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).