Gross Domestic Product of Luxembourg grew 2.7% in 1971 compared to last year. This rate is 10 -tenths of one percent higher than the figure of 1.7% published in 1970.
The GDP figure in 1971 was €1,924$1,519 million, Luxembourg is number 11 in the ranking of GDP of the 19 countries that we publish. The absolute value of GDP in Luxembourg rose €35$61 million with respect to 1970.
The GDP per capita of Luxembourg in 1971 was €5,577$4,402, €17$112 higher than in 1970, it was €5,560$4,290. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 1961 when the GDP per capita in Luxembourg was €2,812$2,209.
If we order the countries according to their GDP per capita, Luxembourg is very well positioned in terms of the standard of living of its population, coming 3th out of the 19 countries whose GDP we publish.
Here we show you the progression of the GDP in Luxembourg. You can see GDP in other countries in GDP and see all the economic information about Luxembourg in Luxembourg's economy.