The Gross Domestic Product (GDP) in Luxembourg was worth 71.10 billion US dollars in 2019, according to official data from the World Bank. The GDP value of Luxembourg represents 0.06 percent of the world economy. source: World Bank

GDP in Luxembourg averaged 21.36 USD Billion from 1960 until 2019, reaching an all time high of 71.10 USD Billion in 2019 and a record low of 0.70 USD Billion in 1961. This page provides the latest reported value for - Luxembourg GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg GDP - values, historical data and charts - was last updated on June of 2021.

GDP in Luxembourg is expected to reach 67.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg GDP is projected to trend around 68.50 USD Billion in 2021 and 71.50 USD Billion in 2022, according to our econometric models.

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Luxembourg GDP

Actual Previous Highest Lowest Dates Unit Frequency
71.10 70.92 71.10 0.70 1960 - 2019 USD Billion Yearly
Current USD

Luxembourg GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 9.30 9.30 -7.30 percent [+]
GDP Annual Growth Rate 1.40 0.00 12.10 -7.90 percent [+]
GDP 71.10 70.92 71.10 0.70 USD Billion [+]
GDP Constant Prices 13305.20 13098.10 13305.20 5664.80 EUR Million [+]
Gross Fixed Capital Formation 2196.10 2586.90 2707.50 704.30 EUR Million [+]
GDP per capita 111062.34 110701.88 111968.35 27085.59 USD [+]
GDP per capita PPP 114481.50 114110.00 115415.40 67951.40 USD [+]

Luxembourg GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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