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Luxembourg GDP

Luxembourg's GDP rose to $93.2 billion in 2024, up from $87.57 billion in 2023, according to World Bank. This represents an increase of 6.4% ($5.62 billion) from the previous year and accounts for 0.08% of the world's total GDP. Luxembourg has GDP higher than the global median ($93.20 billion vs median $35.85 billion). Compared with the median in Europe, Luxembourg is lower ($93.20 billion vs regional median $126.99 billion) and ranks 26th out of 48 countries in Europe.

Luxembourg's GDP per capita fell to $103,909.2 in 2024, down from $104,590.1 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 93.2
2023 87.57
2022 80.8
2021 86.39
2020 73.67
2019 69.87
2018 71.09
2017 65.71
2016 62.22
2015 60.07
2014 68.8
2013 65.2
2012 59.78
2011 61.7
2010 56.21
2009 54.47
2008 58.84
2007 51.59
2006 42.91
2005 37.67
2004 35.06
2003 29.67
2002 23.65
2001 21.39
2000 21.23
1999 21.9
1998 20.15
1997 19.56
1996 20.9
1995 20.85
1994 17.7
1993 15.93
1992 15.52
1991 13.83
1990 12.78
1989 10.04
1988 9.42
1987 8.32
1986 6.69
1985 4.58
1984 4.44
1983 4.52
1982 4.6
1981 5.05
1980 6.02
1979 5.52
1978 4.72
1977 3.79
1976 3.42
1975 3.12
1974 3.18
1973 2.61
1972 1.9
1971 1.52
1970 1.46
1969 1.25
1968 1.08
1967 0.98
1966 0.98
1965 0.93
1964 0.91
1963 0.8
1962 0.75
1961 0.71
1960 0.71
Luxembourg GDP : Definition
GDP measures the total value of all goods and services produced in Luxembourg, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.03% -0.69% 2024
GDP Growth Rate (QoQ) 0.6% 0.7% Jun'25
GDP Growth Rate (YoY) -0.2% -1.9% Jun'25
GDP per Capita $103,909.2 $104,590.1 2024
GDP per Capita PPP $128,181.7 $129,021.6 2024
R&D Expenditure (% GDP) 0.98% 1.04% 2022
Real GDP $70.42B $69.7B 2024