Countries
Luxembourg
Key Economic Indicators
$105.57 billion
$155,941
0.36%
2.05%
6.34%
$93.197 billion (2024 est.)
<strong>note:</strong> data cover general government debt and include debt instr
$4.1 billion
Economic Overview
<p>high-income EU and eurozone economy; global, highly capitalized banking sector; one of highest GDP-per-capita countries; strengthened domestic demand and lower interest rates contributing to economic growth; challenges include pension-system sustainability, labor-market dynamics, and energy price volatility</p>
All Economic Data
Agricultural products
milk, wheat, barley, triticale, potatoes, pork, grapes, beef, rye, rapeseed (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$38.263 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$37.951 billion (2023 est.)
Currency
code:
EUR
name:
euro (EUR) [€]
Current account balance
$4.1 billion
Current account balance 2022:
$7.509 billion (2022 est.)
Current account balance 2023:
$9.861 billion (2023 est.)
Current account balance 2024:
$12.877 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
euros (EUR) per US dollar -
Exchange rates 2020:
0.876 (2020 est.)
Exchange rates 2021:
0.845 (2021 est.)
Exchange rates 2022:
0.95 (2022 est.)
Exchange rates 2023:
0.925 (2023 est.)
Exchange rates 2024:
0.924 (2024 est.)
Exports
$178.66 billion
Exports 2022:
$184.53 billion (2022 est.)
Exports 2023:
$195.294 billion (2023 est.)
Exports 2024:
$202.203 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
iron blocks, gas turbines, plastic products, rubber tires, plastics (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Germany 18%, France 15%, Belgium 8%, Netherlands 7%, Italy 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$105.99 billion
GDP - composition, by end use
Exports of goods and services:
217.8% (2023 est.)
Government consumption:
18.6% (2023 est.)
Household consumption:
31.6% (2023 est.)
Imports of goods and services:
-186.7% (2023 est.)
Investment in fixed capital:
16.1% (2023 est.)
Investment in inventories:
1.3% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
0.2% (2024 est.)
Industry:
9% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
81.9% (2024 est.)
GDP (official exchange rate)
$93.197 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$137,782
Gini Index coefficient - distribution of family income
35.4 (2018)
Gini Index coefficient - distribution of family income 2022:
34.1 (2022 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$61.01 billion
GNI per capita
$84,650
Gross domestic investment
16 % of GDP
Household income or consumption by percentage share
Highest 10%:
25.6% (2022 est.)
Lowest 10%:
2.9% (2022 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$149 billion
Imports 2022:
$149.751 billion (2022 est.)
Imports 2023:
$156.818 billion (2023 est.)
Imports 2024:
$160.032 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
cars, refined petroleum, electricity, plastic products, gas turbines (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
Belgium 26%, Germany 23%, France 10%, Netherlands 5%, USA 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-1.1% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
banking and financial services, construction, real estate services, iron, metals, and steel, information technology, telecommunications, cargo transportation and logistics, chemicals, engineering, tires, glass, aluminum, tourism, biotechnology
Inflation rate (consumer prices)
2.05%
Inflation rate (consumer prices) 2022:
6.3% (2022 est.)
Inflation rate (consumer prices) 2023:
3.7% (2023 est.)
Inflation rate (consumer prices) 2024:
2.1% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
350,000 (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
354,487 persons
Labor force - by occupation
agriculture:
0.88%
industry:
7.64%
services:
91.48%
Population below poverty line
17.3% (2021 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Note:
<strong>note:</strong> data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at
Public debt 2017:
23% of GDP (2017 est.)
Real GDP (purchasing power parity)
$105.57 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$86.584 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$85.984 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$86.871 billion (2024 est.)
Real GDP growth rate
0.36%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
-1.1% (2022 est.)
Real GDP growth rate 2023:
-0.7% (2023 est.)
Real GDP growth rate 2024:
1% (2024 est.)
Real GDP per capita
$155,941
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$132,600 (2022 est.)
Real GDP per capita 2023:
$129,000 (2023 est.)
Real GDP per capita 2024:
$128,200 (2024 est.)
Remittances
$2.5 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
2.8% of GDP (2022 est.)
Remittances 2023:
2.8% of GDP (2023 est.)
Remittances 2024:
2.6% of GDP (2024 est.)
Reserves of foreign exchange and gold
$2.79 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$2.874 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$2.977 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$2.789 billion (2024 est.)
Revenue (excl grants)
43 % of GDP
Tax revenue
27 % of GDP
Taxes and other revenues
27.2% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
6.34%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
4.6% (2022 est.)
Unemployment rate 2023:
5.2% (2023 est.)
Unemployment rate 2024:
6% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
24.2% (2024 est.)
Male:
16.9% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
20.2% (2024 est.)
World Bank Indicators
Currency
euro (EUR) (2025)
Gini Index
35.40 (2018)
Languages
German, French, Luxembourgish (2025)
Economic Rankings
GDP per Capita
#3
Exports
#34
Imports
#36
GDP (Nominal)
#72
Unemployment Rate
#76
GDP (PPP)
#99
Gini Index
#105
Reserves
#117
Inflation Rate
#135
GDP Growth Rate
#184
Quick Facts
Industries
banking and financial services, construction, real estate services, iron, metals, and steel, information technology, telecommunications, cargo transportation and logistics, chemicals, engineering, tir
Agricultural products
milk, wheat, barley, triticale, potatoes, pork, grapes, beef, rye, rapeseed (2023)
Labor force
350,000 (2024 est.)
Exports - partners
Germany 18%, France 15%, Belgium 8%, Netherlands 7%, Italy 6% (2023)
Imports - partners
Belgium 26%, Germany 23%, France 10%, Netherlands 5%, USA 4% (2023)
Exchange rates
euros (EUR) per US dollar -
Explore More
Our Partners
Trusted partner applications powering global data and insights