Gross Domestic Product of Luxembourg fell -0.9% in 2020 compared to last year. This rate is 38 -tenths of one percent less than the previous year, when changed 2.9%.
The GDP figure in 2020 was €64,524$73,294 million, Luxembourg is number 72 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Luxembourg rose €2,092$3,091 million with respect to 2019.
The GDP per capita of Luxembourg in 2020 was €102,230$117,064, €1,780$2,706 higher than in 2019, it was €100,450$114,358. 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 2010 when the GDP per capita in Luxembourg was €83,550$112,049.
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 196 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.