Gross domestic product (GDP) in Luxembourg
Luxembourg: Gross domestic product (GDP) was 39.43 billion current GBP in 2014. ◆ Volatile
Latest (2014)
39.43 billion current GBP
Change on year
down 0.3%
World rank
72nd
of 200 countries
All-time high
39.53 billion current GBP
in 2013
All-time low
90.75 million current GBP
in 1950
Years of data
65
1950–2014
Gross domestic product (GDP) in Luxembourg, 1950–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
Luxembourg recorded 39.43 billion current GBP for gross domestic product (gdp) in 2014.
That represents a change of down 0.3% on the previous year and up 110.2% over ten years.
Over the whole period, gross domestic product (gdp) in Luxembourg peaked at 39.53 billion current GBP in 2013 and was at its lowest, 90.75 million current GBP, in 1950.
Luxembourg ranks 72nd of 200 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 (GDP) in Luxembourg, year by year
| Year | current GBP | Change |
|---|---|---|
| 1950 | 90.75 million current GBP | — |
| 1951 | 120.04 million current GBP | +32.3% |
| 1952 | 130.43 million current GBP | +8.7% |
| 1953 | 121.11 million current GBP | -7.1% |
| 1954 | 123.86 million current GBP | +2.3% |
| 1955 | 135.96 million current GBP | +9.8% |
| 1956 | 148.18 million current GBP | +9.0% |
| 1957 | 160.93 million current GBP | +8.6% |
| 1958 | 159.57 million current GBP | -0.8% |
| 1959 | 163.71 million current GBP | +2.6% |
| 1960 | 251.40 million current GBP | +53.6% |
| 1961 | 251.48 million current GBP | +0.0% |
| 1962 | 264.82 million current GBP | +5.3% |
| 1963 | 282.55 million current GBP | +6.7% |
| 1964 | 322.56 million current GBP | +14.2% |
| 1965 | 329.14 million current GBP | +2.0% |
| 1966 | 345.87 million current GBP | +5.1% |
| 1967 | 352.95 million current GBP | +2.0% |
| 1968 | 444.35 million current GBP | +25.9% |
| 1969 | 514.53 million current GBP | +15.8% |
| 1970 | 635.08 million current GBP | +23.4% |
| 1971 | 652.53 million current GBP | +2.7% |
| 1972 | 796.12 million current GBP | +22.0% |
| 1973 | 1.11 billion current GBP | +39.9% |
| 1974 | 1.42 billion current GBP | +27.8% |
| 1975 | 1.48 billion current GBP | +3.7% |
| 1976 | 1.99 billion current GBP | +34.9% |
| 1977 | 2.27 billion current GBP | +14.0% |
| 1978 | 2.57 billion current GBP | +13.3% |
| 1979 | 2.72 billion current GBP | +5.9% |
| 1980 | 2.71 billion current GBP | -0.6% |
| 1981 | 2.63 billion current GBP | -2.9% |
| 1982 | 2.75 billion current GBP | +4.8% |
| 1983 | 3.12 billion current GBP | +13.3% |
| 1984 | 3.49 billion current GBP | +11.8% |
| 1985 | 3.73 billion current GBP | +6.9% |
| 1986 | 4.77 billion current GBP | +27.9% |
| 1987 | 5.32 billion current GBP | +11.6% |
| 1988 | 5.54 billion current GBP | +4.0% |
| 1989 | 6.41 billion current GBP | +15.9% |
| 1990 | 7.52 billion current GBP | +17.3% |
| 1991 | 8.20 billion current GBP | +9.0% |
| 1992 | 9.25 billion current GBP | +12.7% |
| 1993 | 11.10 billion current GBP | +20.1% |
| 1994 | 12.09 billion current GBP | +8.9% |
| 1995 | 13.82 billion current GBP | +14.2% |
| 1996 | 13.91 billion current GBP | +0.7% |
| 1997 | 11.93 billion current GBP | -14.3% |
| 1998 | 12.32 billion current GBP | +3.3% |
| 1999 | 13.81 billion current GBP | +12.1% |
| 2000 | 14.13 billion current GBP | +2.3% |
| 2001 | 14.62 billion current GBP | +3.5% |
| 2002 | 15.55 billion current GBP | +6.3% |
| 2003 | 17.89 billion current GBP | +15.0% |
| 2004 | 18.76 billion current GBP | +4.9% |
| 2005 | 20.34 billion current GBP | +8.4% |
| 2006 | 22.78 billion current GBP | +12.0% |
| 2007 | 25.15 billion current GBP | +10.4% |
| 2008 | 30.00 billion current GBP | +19.3% |
| 2009 | 32.34 billion current GBP | +7.8% |
| 2010 | 33.88 billion current GBP | +4.8% |
| 2011 | 36.64 billion current GBP | +8.1% |
| 2012 | 35.44 billion current GBP | -3.3% |
| 2013 | 39.53 billion current GBP | +11.5% |
| 2014 | 39.43 billion current GBP | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 135.45 million current GBP | 90.75 million current GBP | 163.71 million current GBP | 10 |
| 1960s | 335.97 million current GBP | 251.40 million current GBP | 514.53 million current GBP | 10 |
| 1970s | 1.57 billion current GBP | 635.08 million current GBP | 2.72 billion current GBP | 10 |
| 1980s | 4.05 billion current GBP | 2.63 billion current GBP | 6.41 billion current GBP | 10 |
| 1990s | 11.40 billion current GBP | 7.52 billion current GBP | 13.91 billion current GBP | 10 |
| 2000s | 21.16 billion current GBP | 14.13 billion current GBP | 32.34 billion current GBP | 10 |
| 2010s | 36.98 billion current GBP | 33.88 billion current GBP | 39.53 billion current GBP | 5 |
Countries ranked near Luxembourg
- 69 Belarus 46.25 billion current GBP compare
- 70 Azerbaijan 45.70 billion current GBP compare
- 71 Sudan 44.86 billion current GBP compare
- 73 Myanmar 39.10 billion current GBP compare
- 74 Dominican Republic 38.88 billion current GBP compare
- 75 Uzbekistan 38.37 billion current GBP compare
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 (gdp) in Luxembourg?
- Gross domestic product (gdp) in Luxembourg was 39.43 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Luxembourg?
- The highest recorded value was 39.53 billion current GBP in 2013.
- What is the lowest gross domestic product (gdp) recorded in Luxembourg?
- The lowest recorded value was 90.75 million current GBP in 1950.
- How does Luxembourg rank for gross domestic product (gdp)?
- Luxembourg ranks 72nd out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Luxembourg?
- Over the last ten years it is up 110.2%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.