Real gdp growth in Luxembourg
Luxembourg: Real gdp growth was 0.359 in 2024. ◆ Volatile
Real gdp growth in Luxembourg, 1980–2024
Source: Our World in Data.
Analysis
Luxembourg recorded 0.359 for real gdp growth in 2024.
That represents a change of up 262.6% on the previous year and down 86.3% over ten years.
Over the whole period, real gdp growth in Luxembourg peaked at 9.98 in 1986 and was at its lowest, -3.24, in 2009.
Luxembourg ranks 180th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 3.17 | — |
| 1981 | 0.798 | -74.8% |
| 1982 | 1.04 | +30.2% |
| 1983 | 1.89 | +81.6% |
| 1984 | 4.73 | +150.7% |
| 1985 | 5.6 | +18.3% |
| 1986 | 9.98 | +78.4% |
| 1987 | 3.95 | -60.4% |
| 1988 | 8.46 | +114.2% |
| 1989 | 9.8 | +15.8% |
| 1990 | 5.32 | -45.7% |
| 1991 | 8.64 | +62.5% |
| 1992 | 1.82 | -79.0% |
| 1993 | 4.2 | +131.0% |
| 1994 | 3.82 | -9.0% |
| 1995 | 1.43 | -62.5% |
| 1996 | 1.51 | +5.8% |
| 1997 | 5.94 | +291.9% |
| 1998 | 6.49 | +9.3% |
| 1999 | 8.42 | +29.7% |
| 2000 | 8.44 | +0.2% |
| 2001 | 3.07 | -63.6% |
| 2002 | 3.23 | +4.9% |
| 2003 | 2.62 | -18.8% |
| 2004 | 4.23 | +61.6% |
| 2005 | 2.48 | -41.3% |
| 2006 | 6.02 | +142.4% |
| 2007 | 8.1 | +34.6% |
| 2008 | -0.302 | -103.7% |
| 2009 | -3.24 | +972.5% |
| 2010 | 3.76 | -216.1% |
| 2011 | 1.04 | -72.2% |
| 2012 | 1.65 | +57.8% |
| 2013 | 3.17 | +92.4% |
| 2014 | 2.62 | -17.3% |
| 2015 | 2.27 | -13.5% |
| 2016 | 4.98 | +119.5% |
| 2017 | 1.32 | -73.5% |
| 2018 | 1.61 | +22.3% |
| 2019 | 2.75 | +70.6% |
| 2020 | -0.51 | -118.6% |
| 2021 | 6.93 | -1458.8% |
| 2022 | -1.1 | -115.8% |
| 2023 | 0.099 | -109.0% |
| 2024 | 0.359 | +262.6% |
Luxembourg compared with similar countries
- Luxembourg's 0.359 is below the median for high income countries, which is 2.4, 15% of the median. (67 countries reporting)
- Luxembourg's 0.359 is below the median for Europe & Central Asia, which is 2.55, 14% of the median. (51 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 2021 | +1458.8% | -0.51 | 6.93 |
| 2009 | -972.5% | -0.302 | -3.24 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.94 | 0.798 | 9.98 | 10 |
| 1990s | 4.76 | 1.43 | 8.64 | 10 |
| 2000s | 3.46 | -3.24 | 8.44 | 10 |
| 2010s | 2.52 | 1.04 | 4.98 | 10 |
| 2020s | 1.16 | -1.1 | 6.93 | 5 |
Countries ranked near Luxembourg
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 real gdp growth in Luxembourg?
- Real gdp growth in Luxembourg was 0.359 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Luxembourg?
- The highest recorded value was 9.98 in 1986.
- What is the lowest real gdp growth recorded in Luxembourg?
- The lowest recorded value was -3.24 in 2009.
- How does Luxembourg rank for real gdp growth?
- Luxembourg ranks 180th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Luxembourg?
- Over the last ten years it is down 86.3%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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