[ Nominal GDP in billions of USD ]
Year -
$93.28 billions
Luxembourg GDP expanded from 1960 to 2024, increasing from $0.71 billion to $93.28 billion.The compound annual growth rate (CAGR) averaged 7.92% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.25%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 93.28 Billions | $ 102.18 Int Billions |
| Growth (YoY) | 5.058% | 7.654% |
| Net Change vs Previous Year | $ 4.49 Billion | $ 7.26 Int Billion |
| % of World GDP | 0.08% | 0.05% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.71 | - | - | - | - | - |
| 1961 | 0.71 | 0 | 0.031 % | - | - | - |
| 1962 | 0.75 | 0.04 | 5.306 % | - | - | - |
| 1963 | 0.8 | 0.05 | 6.693 % | - | - | - |
| 1964 | 0.91 | 0.11 | 14.159 % | - | - | - |
| 1965 | 0.93 | 0.02 | 2.042 % | - | - | - |
| 1966 | 0.98 | 0.05 | 5.082 % | - | - | - |
| 1967 | 0.98 | 0.01 | 0.649 % | - | - | - |
| 1968 | 1.08 | 0.09 | 9.41 % | - | - | - |
| 1969 | 1.25 | 0.17 | 15.794 % | - | - | - |
| 1970 | 1.46 | 0.21 | 17.049 % | - | - | - |
| 1971 | 1.52 | 0.06 | 4.185 % | - | - | - |
| 1972 | 1.9 | 0.38 | 25.213 % | - | - | - |
| 1973 | 2.61 | 0.71 | 37.239 % | - | - | - |
| 1974 | 3.18 | 0.57 | 21.984 % | - | - | - |
| 1975 | 3.12 | -0.06 | -1.894 % | - | - | - |
| 1976 | 3.42 | 0.3 | 9.613 % | - | - | - |
| 1977 | 3.79 | 0.37 | 10.683 % | - | - | - |
| 1978 | 4.72 | 0.93 | 24.522 % | - | - | - |
| 1979 | 5.52 | 0.8 | 16.921 % | - | - | - |
| 1980 | 6.02 | 0.5 | 9.114 % | - | - | - |
| 1981 | 5.05 | -0.97 | -16.049 % | - | - | - |
| 1982 | 4.6 | -0.45 | -8.931 % | - | - | - |
| 1983 | 4.52 | -0.08 | -1.697 % | - | - | - |
| 1984 | 4.44 | -0.09 | -1.896 % | - | - | - |
| 1985 | 4.58 | 0.14 | 3.127 % | - | - | - |
| 1986 | 6.69 | 2.11 | 46.063 % | - | - | - |
| 1987 | 8.32 | 1.64 | 24.46 % | - | - | - |
| 1988 | 9.42 | 1.1 | 13.187 % | - | - | - |
| 1989 | 10.04 | 0.62 | 6.578 % | - | - | - |
| 1990 | 12.78 | 2.74 | 27.308 % | 11.43 | - | - |
| 1991 | 13.83 | 1.06 | 8.259 % | 12.84 | 1.41 | 12.318 % |
| 1992 | 15.52 | 1.68 | 12.176 % | 13.37 | 0.53 | 4.14 % |
| 1993 | 15.93 | 0.41 | 2.621 % | 14.26 | 0.89 | 6.671 % |
| 1994 | 17.7 | 1.78 | 11.154 % | 15.12 | 0.86 | 6.038 % |
| 1995 | 20.85 | 3.15 | 17.802 % | 15.66 | 0.54 | 3.559 % |
| 1996 | 20.9 | 0.04 | 0.202 % | 16.45 | 0.79 | 5.041 % |
| 1997 | 19.56 | -1.33 | -6.372 % | 17.82 | 1.37 | 8.326 % |
| 1998 | 20.15 | 0.59 | 2.996 % | 18.8 | 0.98 | 5.517 % |
| 1999 | 21.9 | 1.75 | 8.681 % | 21.46 | 2.66 | 14.131 % |
| 2000 | 21.23 | -0.67 | -3.056 % | 24.05 | 2.59 | 12.089 % |
| 2001 | 21.39 | 0.16 | 0.741 % | 24.79 | 0.74 | 3.065 % |
| 2002 | 23.65 | 2.26 | 10.578 % | 26.14 | 1.35 | 5.434 % |
| 2003 | 29.67 | 6.02 | 25.444 % | 27.19 | 1.05 | 4.029 % |
| 2004 | 35.06 | 5.4 | 18.194 % | 29.64 | 2.45 | 9.004 % |
| 2005 | 37.67 | 2.61 | 7.436 % | 32 | 2.36 | 7.967 % |
| 2006 | 42.91 | 5.24 | 13.904 % | 37.28 | 5.28 | 16.512 % |
| 2007 | 51.59 | 8.68 | 20.222 % | 40.86 | 3.58 | 9.605 % |
| 2008 | 58.84 | 7.26 | 14.067 % | 44.45 | 3.59 | 8.789 % |
| 2009 | 54.47 | -4.38 | -7.438 % | 43.24 | -1.21 | -2.719 % |
| 2010 | 56.21 | 1.75 | 3.207 % | 45.8 | 2.56 | 5.913 % |
| 2011 | 61.7 | 5.48 | 9.753 % | 48.97 | 3.17 | 6.92 % |
| 2012 | 59.78 | -1.92 | -3.112 % | 51.31 | 2.34 | 4.774 % |
| 2013 | 65.2 | 5.43 | 9.079 % | 54.84 | 3.53 | 6.88 % |
| 2014 | 68.8 | 3.6 | 5.524 % | 58.58 | 3.74 | 6.819 % |
| 2015 | 60.07 | -8.73 | -12.693 % | 61.45 | 2.88 | 4.909 % |
| 2016 | 62.22 | 2.15 | 3.571 % | 65.98 | 4.53 | 7.365 % |
| 2017 | 65.71 | 3.5 | 5.618 % | 68.57 | 2.59 | 3.926 % |
| 2018 | 71.09 | 5.37 | 8.177 % | 70.91 | 2.34 | 3.413 % |
| 2019 | 69.87 | -1.21 | -1.707 % | 75.25 | 4.34 | 6.121 % |
| 2020 | 73.67 | 3.8 | 5.437 % | 76.95 | 1.7 | 2.263 % |
| 2021 | 86.39 | 12.72 | 17.261 % | 87.54 | 10.59 | 13.762 % |
| 2022 | 80.8 | -5.59 | -6.465 % | 93.64 | 6.1 | 6.968 % |
| 2023 | 88.79 | 7.99 | 9.885 % | 94.92 | 1.27 | 1.359 % |
| 2024 | 93.28 | 4.49 | 5.058 % | 102.18 | 7.26 | 7.654 % |
Between 1960 to 2024, Luxembourg experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 46.063%, while the largest decline was in 1981 at -16.049%.