GDP at market prices (constant 2010 US$), annual growth rate in Luxembourg
Luxembourg: GDP at market prices (constant 2010 US$), annual growth rate was 1.03 % change on previous year in 2024. ◆ Volatile
GDP at market prices (constant 2010 US$), annual growth rate in Luxembourg, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp at market prices (constant 2010 us$), annual growth rate in Luxembourg stood at 1.03 % change on previous year.
Compared with earlier readings it is up 248.7% on the previous year and down 60.7% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), annual growth rate in Luxembourg peaked at 9.98 % change on previous year in 1986 and was at its lowest, -6.57 % change on previous year, in 1975.
Luxembourg ranks 168th of 208 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$), annual growth rate in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 2.67 % change on previous year | — |
| 1972 | 6.6 % change on previous year | +147.4% |
| 1973 | 8.31 % change on previous year | +26.0% |
| 1974 | 4.21 % change on previous year | -49.3% |
| 1975 | -6.57 % change on previous year | -256.0% |
| 1976 | 2.53 % change on previous year | -138.6% |
| 1977 | 1.57 % change on previous year | -38.0% |
| 1978 | 4.07 % change on previous year | +159.5% |
| 1979 | 2.35 % change on previous year | -42.4% |
| 1980 | 0.8404 % change on previous year | -64.2% |
| 1981 | -0.5504 % change on previous year | -165.5% |
| 1982 | 1.13 % change on previous year | -305.5% |
| 1983 | 2.99 % change on previous year | +164.3% |
| 1984 | 6.19 % change on previous year | +107.0% |
| 1985 | 2.79 % change on previous year | -54.9% |
| 1986 | 9.98 % change on previous year | +257.6% |
| 1987 | 3.95 % change on previous year | -60.4% |
| 1988 | 8.46 % change on previous year | +114.2% |
| 1989 | 9.8 % change on previous year | +15.8% |
| 1990 | 5.32 % change on previous year | -45.7% |
| 1991 | 8.64 % change on previous year | +62.5% |
| 1992 | 1.82 % change on previous year | -79.0% |
| 1993 | 4.2 % change on previous year | +130.9% |
| 1994 | 3.82 % change on previous year | -9.0% |
| 1995 | 1.43 % change on previous year | -62.5% |
| 1996 | 1.4 % change on previous year | -2.4% |
| 1997 | 5.42 % change on previous year | +287.6% |
| 1998 | 6.67 % change on previous year | +23.1% |
| 1999 | 8.18 % change on previous year | +22.5% |
| 2000 | 6.94 % change on previous year | -15.1% |
| 2001 | 3.07 % change on previous year | -55.7% |
| 2002 | 3.23 % change on previous year | +4.9% |
| 2003 | 2.62 % change on previous year | -18.8% |
| 2004 | 4.23 % change on previous year | +61.6% |
| 2005 | 2.48 % change on previous year | -41.3% |
| 2006 | 6.02 % change on previous year | +142.3% |
| 2007 | 8.1 % change on previous year | +34.6% |
| 2008 | -0.3002 % change on previous year | -103.7% |
| 2009 | -3.24 % change on previous year | +978.9% |
| 2010 | 3.76 % change on previous year | -216.1% |
| 2011 | 1.04 % change on previous year | -72.2% |
| 2012 | 1.65 % change on previous year | +58.0% |
| 2013 | 3.17 % change on previous year | +92.2% |
| 2014 | 2.62 % change on previous year | -17.3% |
| 2015 | 2.27 % change on previous year | -13.5% |
| 2016 | 4.98 % change on previous year | +119.3% |
| 2017 | 1.32 % change on previous year | -73.5% |
| 2018 | 1.61 % change on previous year | +22.3% |
| 2019 | 2.75 % change on previous year | +70.6% |
| 2020 | -0.51 % change on previous year | -118.5% |
| 2021 | 6.93 % change on previous year | -1458.8% |
| 2022 | -1.1 % change on previous year | -115.8% |
| 2023 | -0.6936 % change on previous year | -36.7% |
| 2024 | 1.03 % change on previous year | -248.7% |
Luxembourg compared with similar countries
- Luxembourg's 1.03 % change on previous year is below the median for high income countries, which is 2.19 % change on previous year, 47% of the median. (80 countries reporting)
- Luxembourg's 1.03 % change on previous year is below the median for Europe & Central Asia, which is 2.38 % change on previous year, 43% of the median. (54 countries reporting)
Biggest year-on-year movements
Years where GDP at market prices (constant 2010 US$), annual growth rate 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 % change on previous year | 6.93 % change on previous year |
| 2009 | -978.9% | -0.3002 % change on previous year | -3.24 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.86 % change on previous year | -6.57 % change on previous year | 8.31 % change on previous year | 9 |
| 1980s | 4.56 % change on previous year | -0.5504 % change on previous year | 9.98 % change on previous year | 10 |
| 1990s | 4.69 % change on previous year | 1.4 % change on previous year | 8.64 % change on previous year | 10 |
| 2000s | 3.31 % change on previous year | -3.24 % change on previous year | 8.1 % change on previous year | 10 |
| 2010s | 2.52 % change on previous year | 1.04 % change on previous year | 4.98 % change on previous year | 10 |
| 2020s | 1.13 % change on previous year | -1.1 % change on previous year | 6.93 % change on previous year | 5 |
Countries ranked near Luxembourg
- 165 Saint Kitts and Nevis 1.17 % change on previous year compare
- 166 Czechia 1.12 % change on previous year compare
- 167 United Kingdom 1.1 % change on previous year compare
- 169 Belgium 1.02 % change on previous year compare
- 170 Netherlands 0.9796 % change on previous year compare
- 171 Sweden 0.9738 % change on previous year compare
More population data for Luxembourg
- Population regions with projections, annual growth rate -0.2377 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.2169 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.2377 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.2412 % change on previous year (2100)
- Demographic balances and indicators by type of projection and NUTS 3 0.0556 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 781.91 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.7954 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.56 % change on previous year (2100)
- World population growth -0.2% (2100)
- Population density 290.54 people per km² (2100)
Frequently asked questions
- What is gdp at market prices (constant 2010 us$), annual growth rate in Luxembourg?
- Gdp at market prices (constant 2010 us$), annual growth rate in Luxembourg was 1.03 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), annual growth rate recorded in Luxembourg?
- The highest recorded value was 9.98 % change on previous year in 1986.
- What is the lowest gdp at market prices (constant 2010 us$), annual growth rate recorded in Luxembourg?
- The lowest recorded value was -6.57 % change on previous year in 1975.
- How does Luxembourg rank for gdp at market prices (constant 2010 us$), annual growth rate?
- Luxembourg ranks 168th out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), annual growth rate rising or falling in Luxembourg?
- Over the last ten years it is down 60.7%. The long-run trend across the full record is volatile.
- Where does this Luxembourg data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP at market prices UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.