Luxembourg GDP Growth Rate (2026)
Luxembourg has a high-income European economy centered on finance, services, investment, trade, and international business. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+1.6%
Annual real GDP growth
World Rank
#155
Out of 195 countries
Change vs 2025
+1.0 pp
2025: +0.6%
Europe Rank
#26
Out of 43 countries
1. Luxembourg GDP Growth Rate in 2026
Luxembourg’s economic growth is influenced by financial services, investment flows, household demand, and European business conditions. Global financial markets remain particularly important.
2. Luxembourg GDP Growth Rate Trends (1980–2026)
The country’s growth history has been shaped by the expansion of finance, cross-border investment, and integration with European markets. Its small size can lead to greater volatility in headline growth.
3. Luxembourg GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +1.6% | +1.0 pp |
| 2025 | +0.6% | +0.2 pp |
| 2024 | +0.4% | +0.3 pp |
| 2023 | +0.1% | +1.2 pp |
| 2022 | -1.1% | -8.0 pp |
| 2021 | +6.9% | +7.4 pp |
| 2020 | -0.5% | -3.2 pp |
| 2019 | +2.7% | +1.1 pp |
| 2018 | +1.6% | +0.3 pp |
| 2017 | +1.3% | -3.7 pp |
| 2016 | +5.0% | +2.7 pp |
| 2015 | +2.3% | -0.3 pp |
| 2014 | +2.6% | -0.6 pp |
| 2013 | +3.2% | +1.6 pp |
| 2012 | +1.6% | +0.6 pp |
| 2011 | +1.0% | -2.8 pp |
| 2010 | +3.8% | +7.0 pp |
| 2009 | -3.2% | -2.9 pp |
| 2008 | -0.3% | -8.4 pp |
| 2007 | +8.1% | +2.1 pp |
| 2006 | +6.0% | +3.5 pp |
| 2005 | +2.5% | -1.7 pp |
| 2004 | +4.2% | +1.6 pp |
| 2003 | +2.6% | -0.6 pp |
| 2002 | +3.2% | +0.1 pp |
| 2001 | +3.1% | -5.3 pp |
| 2000 | +8.4% | 0.0 pp |
| 1999 | +8.4% | +1.9 pp |
| 1998 | +6.5% | +0.6 pp |
| 1997 | +5.9% | +4.4 pp |
| 1996 | +1.5% | +0.1 pp |
| 1995 | +1.4% | -2.4 pp |
| 1994 | +3.8% | -0.4 pp |
| 1993 | +4.2% | +2.4 pp |
| 1992 | +1.8% | -6.8 pp |
| 1991 | +8.6% | +3.3 pp |
| 1990 | +5.3% | -4.5 pp |
| 1989 | +9.8% | +1.3 pp |
| 1988 | +8.5% | +4.5 pp |
| 1987 | +4.0% | -6.0 pp |
| 1986 | +10.0% | +4.4 pp |
| 1985 | +5.6% | +0.9 pp |
| 1984 | +4.7% | +2.8 pp |
| 1983 | +1.9% | +0.9 pp |
| 1982 | +1.0% | +0.2 pp |
| 1981 | +0.8% | -2.4 pp |
| 1980 | +3.2% | — |
4. Luxembourg GDP Growth Performance
Current Growth Rate
+1.6%
(2026 to 2026)
5-Year Average
+0.3%
(2022 to 2026)
10-Year Average
+1.4%
(2017 to 2026)
20-Year Average
+1.9%
(2007 to 2026)
The economy benefits from strong institutions, a major financial sector, and high productivity. Weak financial-market activity or European demand can quickly affect performance.
5. Luxembourg GDP Growth Rate vs Europe and World
Luxembourg
+1.6%
Europe Average
+1.9%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Luxembourg’s GDP growth rate is approximately
0.3 pp
below the
Europe average
and
1.2 pp
below the world average.
6. Luxembourg GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #22 | Iceland | +1.9% |
| #23 | Moldova | +1.9% |
| #24 | Greece | +1.8% |
| #25 | Hungary | +1.7% |
| #26 | Luxembourg | +1.6% |
| #27 | Norway | +1.5% |
| #28 | Estonia | +1.4% |
| #29 | Switzerland | +1.3% |
| #30 | San Marino | +1.3% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Luxembourg
Luxembourg GDP (Nominal)
$110.4 Billion
(2026)
Luxembourg GDP Growth Rate
+1.6%
(2026)
Luxembourg generally performs in line with advanced European economies but can experience larger swings due to its small, highly open economy. Financial-sector conditions strongly influence relative growth.
Explore more:
Luxembourg GDP
9. Luxembourg GDP Growth Rate Forecast
The outlook depends on finance, investment, European growth, and business confidence. Global market volatility and regulatory changes remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +1.7% | +0.1 pp |
| 2028 | +2.1% | +0.4 pp |
| 2029 | +2.1% | 0.0 pp |
| 2030 | +2.0% | -0.1 pp |
10. Luxembourg GDP Growth Rate: Key Findings
Luxembourg GDP growth rate is estimated at +1.6% in 2026.
It ranks #155 globally and #26 in Europe by annual GDP growth rate.
The growth rate accelerated by 1.0 percentage points compared with 2025.
The 5-year average GDP growth rate is +0.3%.
The 10-year average GDP growth rate is +1.4%.
The current rate is 0.3 percentage points below the Europe average.
The current rate is 1.2 percentage points below the world average.
The forecast GDP growth rate is +2.0% in 2030, 0.4 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Luxembourg GDP Growth Rate FAQs
Luxembourg GDP growth rate is estimated at +1.6% in 2026.
Luxembourg ranks #155 globally and #26 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +1.6% in 2026.
Luxembourg GDP growth rate was +2.3% in 2015.
Luxembourg GDP growth rate is 0.3 percentage points below the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.