GDP (current LCU), annual growth rate in Luxembourg
Luxembourg: GDP (current LCU), annual growth rate was 6.31 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Luxembourg, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (current lcu), annual growth rate in Luxembourg stood at 6.31 % change on previous year.
The figure is up 13.7% on the previous year and up 14.9% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Luxembourg peaked at 21.91 % change on previous year in 1974 and was at its lowest, -7.37 % change on previous year, in 1975.
Luxembourg ranks 128th of 211 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.
GDP (current LCU), annual growth rate in Luxembourg, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 1.83 % change on previous year | — |
| 1972 | 12.77 % change on previous year | +597.3% |
| 1973 | 21.53 % change on previous year | +68.6% |
| 1974 | 21.91 % change on previous year | +1.8% |
| 1975 | -7.37 % change on previous year | -133.6% |
| 1976 | 15.06 % change on previous year | -304.3% |
| 1977 | 2.76 % change on previous year | -81.7% |
| 1978 | 9.41 % change on previous year | +241.0% |
| 1979 | 8.85 % change on previous year | -6.0% |
| 1980 | 8.83 % change on previous year | -0.2% |
| 1981 | 6.59 % change on previous year | -25.3% |
| 1982 | 12.06 % change on previous year | +83.0% |
| 1983 | 10.01 % change on previous year | -17.0% |
| 1984 | 10.87 % change on previous year | +8.5% |
| 1985 | 5.97 % change on previous year | -45.1% |
| 1986 | 9.89 % change on previous year | +65.7% |
| 1987 | 4.02 % change on previous year | -59.4% |
| 1988 | 11.47 % change on previous year | +185.7% |
| 1989 | 14.21 % change on previous year | +23.9% |
| 1990 | 7.97 % change on previous year | -43.9% |
| 1991 | 10.62 % change on previous year | +33.3% |
| 1992 | 5.62 % change on previous year | -47.1% |
| 1993 | 10.42 % change on previous year | +85.6% |
| 1994 | 7.5 % change on previous year | -28.1% |
| 1995 | 3.8 % change on previous year | -49.4% |
| 1996 | 5.24 % change on previous year | +37.9% |
| 1997 | 8.18 % change on previous year | +56.3% |
| 1998 | 4.51 % change on previous year | -44.9% |
| 1999 | 13.33 % change on previous year | +195.8% |
| 2000 | 11.87 % change on previous year | -11.0% |
| 2001 | 3.89 % change on previous year | -67.2% |
| 2002 | 4.74 % change on previous year | +21.8% |
| 2003 | 4.86 % change on previous year | +2.7% |
| 2004 | 7.48 % change on previous year | +53.8% |
| 2005 | 7.42 % change on previous year | -0.8% |
| 2006 | 12.86 % change on previous year | +73.3% |
| 2007 | 10.14 % change on previous year | -21.1% |
| 2008 | 6.29 % change on previous year | -38.0% |
| 2009 | -2.4 % change on previous year | -138.1% |
| 2010 | 8.58 % change on previous year | -458.2% |
| 2011 | 4.53 % change on previous year | -47.2% |
| 2012 | 4.97 % change on previous year | +9.7% |
| 2013 | 5.52 % change on previous year | +11.1% |
| 2014 | 5.49 % change on previous year | -0.5% |
| 2015 | 4.54 % change on previous year | -17.4% |
| 2016 | 3.82 % change on previous year | -15.9% |
| 2017 | 3.49 % change on previous year | -8.6% |
| 2018 | 3.48 % change on previous year | -0.2% |
| 2019 | 3.69 % change on previous year | +6.0% |
| 2020 | 3.34 % change on previous year | -9.5% |
| 2021 | 13.24 % change on previous year | +296.5% |
| 2022 | 5.05 % change on previous year | -61.8% |
| 2023 | 5.55 % change on previous year | +9.9% |
| 2024 | 6.31 % change on previous year | +13.7% |
Luxembourg compared with similar countries
- Luxembourg's 6.31 % change on previous year is above the median for high income countries, which is 5.96 % change on previous year, 1.1× the median. (82 countries reporting)
- Luxembourg's 6.31 % change on previous year is above the median for Europe & Central Asia, which is 6.26 % change on previous year, 1.0× the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), 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 |
|---|---|---|---|
| 1972 | +597.3% | 1.83 % change on previous year | 12.77 % change on previous year |
| 2010 | +458.2% | -2.4 % change on previous year | 8.58 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.64 % change on previous year | -7.37 % change on previous year | 21.91 % change on previous year | 9 |
| 1980s | 9.39 % change on previous year | 4.02 % change on previous year | 14.21 % change on previous year | 10 |
| 1990s | 7.72 % change on previous year | 3.8 % change on previous year | 13.33 % change on previous year | 10 |
| 2000s | 6.72 % change on previous year | -2.4 % change on previous year | 12.86 % change on previous year | 10 |
| 2010s | 4.81 % change on previous year | 3.48 % change on previous year | 8.58 % change on previous year | 10 |
| 2020s | 6.7 % change on previous year | 3.34 % change on previous year | 13.24 % change on previous year | 5 |
Countries ranked near Luxembourg
- 125 Israel 6.44 % change on previous year compare
- 126 Iceland 6.4 % change on previous year compare
- 127 Nepal 6.37 % change on previous year compare
- 129 Puerto Rico 6.31 % change on previous year compare
- 130 Lithuania 6.26 % change on previous year compare
- 131 Netherlands 6.23 % 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 (current lcu), annual growth rate in Luxembourg?
- Gdp (current lcu), annual growth rate in Luxembourg was 6.31 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Luxembourg?
- The highest recorded value was 21.91 % change on previous year in 1974.
- What is the lowest gdp (current lcu), annual growth rate recorded in Luxembourg?
- The lowest recorded value was -7.37 % change on previous year in 1975.
- How does Luxembourg rank for gdp (current lcu), annual growth rate?
- Luxembourg ranks 128th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Luxembourg?
- Over the last ten years it is up 14.9%. 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 (current LCU), 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.