Gross Domestic Product of Luxembourg grew 10.5% in 1988 compared to last year. This rate is 47 -tenths of one percent higher than the figure of 5.8% published in 1987.
The GDP figure in 1988 was €6,915$9,301 million, Luxembourg is number 19 in the ranking of GDP of the 26 countries that we publish. The absolute value of GDP in Luxembourg rose €656$1,090 million with respect to 1987.
The GDP per capita of Luxembourg in 1988 was €18,500$24,875, €1,600$2,725 higher than in 1987, it was €16,900$22,150. 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 1978 when the GDP per capita in Luxembourg was €10,633$13,025.
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 10th out of the 26 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.