Luxembourg Nominal GDP

1995 - 2023 | Quarterly | USD mn | CEIC Data

Key information about Luxembourg Nominal GDP

  • Luxembourg Nominal GDP reached 22.0 USD bn in Mar 2023, compared with 19.5 USD bn in the previous quarter.
  • Nominal GDP in Luxembourg is updated quarterly, available from Mar 1995 to Mar 2023, with an average number of 13.8 USD bn.
  • The data reached an all-time high of 22.0 USD bn in Mar 2023 and a record low of 4.6 USD bn in Mar 1998.

CEIC converts quarterly Nominal GDP into USD. The Statistics Portal of Luxembourg provides Nominal GDP in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Luxembourg Nominal GDP

  • In the latest reports, Luxembourg GDP contracted 0.4 % YoY in Mar 2023.
  • Its GDP deflator (implicit price deflator) increased 7.1 % in Mar 2023.
  • Luxembourg GDP Per Capita reached 124,327.5 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 52.5 % in Mar 2023.
  • For Nominal GDP contributions, Investment accounted for 17.9 % in Mar 2023.
  • Public Consumption accounted for 17.3 % in Mar 2023.
  • Private Consumption accounted for 30.2 % in Mar 2023.

View Luxembourg's Nominal GDP from Mar 1995 to Mar 2023 in the chart:

Luxembourg Nominal GDP

What was Luxembourg's Nominal GDP in Mar 2023?

Luxembourg Nominal GDP reached 22.0 USD bn in Mar 2023, compared with 19.5 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
22,027.3 Mar 2023 19,492.0 Dec 2022 4,625.0 Mar 1998 22,027.3 Mar 2023 USD mn quarterly Mar 1995 - Mar 2023

Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (USD mn) 1,020.5 Mar 2023 quarterly Mar 2008 - Mar 2023
Algeria (USD mn) 49,686.2 Sep 2022 quarterly Mar 1999 - Sep 2022
Argentina (USD mn) 161,468.8 Sep 2022 quarterly Mar 1993 - Sep 2022
Armenia (USD mn) 4,555.0 Mar 2023 quarterly Dec 1994 - Mar 2023
Australia (USD mn) 440,146.9 Mar 2023 quarterly Sep 1959 - Mar 2023
Austria (USD mn) 117,117.1 Dec 2022 quarterly Mar 1988 - Dec 2022
Azerbaijan (USD mn) 20,960.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Bahrain (USD mn) 11,004.5 Dec 2022 quarterly Mar 2007 - Dec 2022
Bangladesh (USD mn) 460,199.8 2022 yearly 1960 - 2022
Belarus (USD mn) 16,878.2 Mar 2023 quarterly Mar 1994 - Mar 2023
Belgium (USD mn) 153,814.1 Mar 2023 quarterly Mar 1980 - Mar 2023
Bolivia (USD mn) 10,724.0 Sep 2022 quarterly Mar 1990 - Sep 2022
Bosnia and Herzegovina (USD mn) 6,170.0 Sep 2022 quarterly Mar 2008 - Sep 2022
Botswana (USD mn) 5,136.2 Mar 2023 quarterly Sep 1993 - Mar 2023
Brazil (USD mn) 486,069.0 Mar 2023 quarterly Mar 1990 - Mar 2023
Brunei (USD mn) 4,130.1 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (USD mn) 24,538.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (USD mn) 39,490.8 2022 yearly 1993 - 2022
Canada (USD mn) 513,543.5 Dec 2022 quarterly Mar 1957 - Dec 2022
Chile (USD mn) 69,075.0 Sep 2022 quarterly Mar 1990 - Sep 2022
China (USD mn) 4,166,759.1 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (USD mn) 79,499.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Croatia (USD mn) 17,564.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Cyprus (USD mn) 7,631.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Czech Republic (USD mn) 72,034.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (USD mn) 96,987.7 Dec 2022 quarterly Mar 1990 - Dec 2022
Ecuador (USD mn) 29,334.6 Sep 2022 quarterly Mar 1991 - Sep 2022
Egypt (USD mn) 108,969.4 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (USD mn) 9,214.3 Sep 2022 quarterly Mar 1995 - Sep 2022
European Union (USD mn) 4,141,831.0 Dec 2022 quarterly Mar 1999 - Dec 2022
Finland (USD mn) 73,976.2 Mar 2023 quarterly Mar 1990 - Mar 2023
France (USD mn) 689,415.2 Dec 2022 quarterly Mar 1957 - Dec 2022
Georgia (USD mn) 8,067.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Germany (USD mn) 1,072,807.2 Mar 2023 quarterly Mar 1960 - Mar 2023
Ghana (USD mn) 17,859.8 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (USD mn) 50,731.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (USD mn) 94,469.6 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (USD mn) 42,734.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Iceland (USD mn) 7,161.1 Mar 2023 quarterly Mar 1995 - Mar 2023
India (USD mn) 873,666.0 Mar 2023 quarterly Jun 1996 - Mar 2023
Indonesia (USD mn) 328,642.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (USD mn) 429,426.7 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (USD mn) 133,294.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Israel (USD mn) 133,411.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Italy (USD mn) 538,664.9 Mar 2023 quarterly Mar 1980 - Mar 2023
Ivory Coast (USD mn) 11,011.3 Sep 2022 quarterly Mar 1997 - Sep 2022
Japan (USD mn) 991,864.7 Dec 2022 quarterly Mar 1957 - Dec 2022
Jordan (USD mn) 11,474.4 Mar 2023 quarterly Mar 1992 - Mar 2023
Kazakhstan (USD mn) 76,997.7 Dec 2022 quarterly Mar 1994 - Dec 2022
Kenya (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022
South Korea (USD mn) 429,247.3 Mar 2023 quarterly Mar 1960 - Mar 2023
Kosovo (USD mn) 2,609.3 Jun 2024 quarterly Mar 2010 - Jun 2024
Kuwait (USD mn) 27,984.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Kyrgyzstan (USD mn) 2,120.3 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (USD mn) 15,362.5 2022 yearly 1984 - 2022
Latvia (USD mn) 10,411.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Lebanon (USD mn) 63,482.3 2020 yearly 1997 - 2020
Lithuania (USD mn) 19,049.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Luxembourg (USD mn) 22,027.3 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (USD mn) 6,008.2 Dec 2022 quarterly Mar 1998 - Dec 2022
North Macedonia (USD mn) 3,828.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (USD mn) 10,862.6 2019 yearly 1960 - 2019
Malaysia (USD mn) 102,217.9 Dec 2022 quarterly Mar 1991 - Dec 2022
Malta (USD mn) 4,614.7 Mar 2023 quarterly Mar 1992 - Mar 2023
Mauritius (USD mn) 3,723.6 Dec 2022 quarterly Mar 1999 - Dec 2022
Mexico (USD mn) 372,043.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Moldova (USD mn) 3,863.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Mongolia (USD mn) 3,889.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Montenegro (USD mn) 1,835.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (USD mn) 33,460.2 Sep 2022 quarterly Mar 1990 - Sep 2022
Mozambique (USD mn) 15,777.0 2021 yearly 1963 - 2021
Myanmar (USD mn) 66,719.6 2018 yearly 2001 - 2018
Nepal (USD mn) 40,828.2 2022 yearly 2001 - 2022
Netherlands (USD mn) 272,109.1 Mar 2023 quarterly Mar 1988 - Mar 2023
New Zealand (USD mn) 58,483.4 Dec 2022 quarterly Jun 1987 - Dec 2022
Nigeria (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Norway (USD mn) 133,727.8 Dec 2022 quarterly Mar 1978 - Dec 2022
Oman (USD mn) 27,116.8 Mar 2023 quarterly Mar 2005 - Mar 2023
Pakistan (USD mn) 341,308.8 2023 yearly 2000 - 2023
Palestinian Territory (USD mn) 4,747.2 Sep 2022 quarterly Mar 2000 - Sep 2022
Panama (USD mn) 18,056.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Paraguay (USD mn) 10,371.6 Sep 2022 quarterly Mar 1994 - Sep 2022
Peru (USD mn) 60,278.3 Mar 2023 quarterly Mar 1979 - Mar 2023
Philippines (USD mn) 112,472.0 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (USD mn) 188,184.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Portugal (USD mn) 60,609.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Qatar (USD mn) 62,753.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Romania (USD mn) 84,896.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Russia (USD mn) 677,540.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (USD mn) 272,995.3 Dec 2022 quarterly Mar 2003 - Dec 2022
Serbia (USD mn) 17,095.0 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (USD mn) 120,606.6 Mar 2023 quarterly Mar 1975 - Mar 2023
Slovakia (USD mn) 31,651.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Slovenia (USD mn) 15,628.1 Dec 2022 quarterly Mar 1995 - Dec 2022
South Africa (USD mn) 98,826.0 Sep 2022 quarterly Mar 1960 - Sep 2022
Spain (USD mn) 377,281.4 Mar 2023 quarterly Mar 1970 - Mar 2023
Sri Lanka (USD mn) 17,949.0 Sep 2022 quarterly Mar 2002 - Sep 2022
Sudan (USD mn) 30,863.0 2021 yearly 1960 - 2021
Sweden (USD mn) 145,310.7 Mar 2023 quarterly Mar 1980 - Mar 2023
Switzerland (USD mn) 201,987.0 Dec 2022 quarterly Mar 1980 - Dec 2022

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.7 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 25,176.022 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.4 2023 yearly 1995 - 2023
National Government Debt (USD mn) 23,262.2 Jun 2024 quarterly Dec 1995 - Jun 2024
Government Debt: % of GDP (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Forecast: Government Expenditure (EUR bn) 52.013 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.210 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.231 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 21,718.047 Jun 2024 quarterly Dec 1995 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2029 yearly 1987 - 2029
Trade Balance (USD mn) -835.8 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports (USD mn) 1,259.1 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports Growth (%) -12.4 Aug 2024 monthly Jan 1989 - Aug 2024
Aluminum: Exports (USD th) 413,397.902 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,094.9 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 23.185 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports from USA (USD mn) 57.740 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports to China (USD mn) 18.139 Jul 2024 monthly Jan 1997 - Jul 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -758.413 Aug 2024 monthly Jan 1988 - Aug 2024
Exports (EUR mn) 1,026.754 Aug 2024 monthly Jan 1988 - Aug 2024
Imports: sa (EUR mn) 1,901.012 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: sa (EUR mn) 1,142.599 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports: MoM: sa (%) -6.935 Aug 2024 monthly Jan 1988 - Aug 2024
Total Exports: YoY (%) -13.661 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports: MoM: sa (%) -10.313 Aug 2024 monthly Jan 1988 - Aug 2024
Total Imports: YoY (%) -6.533 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Other Manufactured Goods (EUR mn) 167.484 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Chemicals and Related Products (EUR mn) 141.795 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Base Metal Products (EUR mn) 160.981 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Machinery and Equipment (EUR mn) 175.955 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Transport Equipment (EUR mn) 115.936 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: America: ow United States of America (EUR mn) 21.039 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 150.513 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: Asia: ow Japan (EUR mn) 5.005 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 295.966 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union (EUR mn) 871.522 Aug 2024 monthly Jan 1988 - Aug 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 138.771 Aug 2024 monthly Jan 1988 - Aug 2024
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -21,008.1 Jun 2024 quarterly Mar 2002 - Jun 2024
Current Account Balance (USD mn) 2,694.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Current Account Balance: % of GDP (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Direct Investment (USD mn) -27,181.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Direct Investment: % of GDP (%) -120.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment (USD mn) 77,828.282 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 346.3 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 72,142.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 5,697.134 Jun 2024 quarterly Mar 2002 - Jun 2024
External Debt (USD mn) 3,789,624.5 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,001,506.6 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,301.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Forecast: Current Account Balance (USD bn) 8.028 2029 yearly 1995 - 2029
Net International Investment Position (USD mn) 27,828.231 Jun 2024 quarterly Dec 2002 - Jun 2024
BoP: FA: PI: DS: Liabilities (EUR mn) 5,291.206 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) -43,938.479 Jun 2024 quarterly Mar 2002 - Jun 2024
International Investment Position (IIP): Net (EUR mn) 25,980.983 Jun 2024 quarterly Dec 2002 - Jun 2024
IIP: Liabilities (EUR mn) 12,266,684.554 Jun 2024 quarterly Dec 2002 - Jun 2024
IIP: Assets (EUR mn) 12,292,665.537 Jun 2024 quarterly Dec 2002 - Jun 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt (EUR mn) 3,511,838.111 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Mar 2024 quarterly Dec 2002 - Mar 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 68.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Money Supply M1 (USD mn) 323,204.999 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply M2 (USD mn) 425,070.298 Sep 2024 monthly Jan 1999 - Sep 2024
M2 Growth (%) 3.4 Sep 2024 monthly Jan 2000 - Sep 2024
Reserve Requirement Ratio (%) 1.0 Sep 2024 monthly Jan 1999 - Sep 2024
Foreign Exchange Reserves (USD mn) 272.8 Oct 2024 monthly Jan 1999 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 0.237 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 0.1 Aug 2024 monthly Jan 1999 - Aug 2024
Gold Reserves (USD mn) 197.253 Oct 2024 monthly Jan 1999 - Oct 2024
Total Deposits (USD mn) 867,652.624 Sep 2024 quarterly Mar 2003 - Sep 2024
Total Deposits Growth (%) -0.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Domestic Credit (USD mn) 153,602.2 Jul 2024 monthly Jan 1999 - Jul 2024
Domestic Credit Growth (%) 1.2 Jul 2024 monthly Jan 2000 - Jul 2024
Credit to Households (USD bn) 60.665 Dec 2023 quarterly Mar 1995 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 337.657 Dec 2023 quarterly Mar 1995 - Dec 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 747,362.522 Sep 2024 monthly Jan 2001 - Sep 2024
Total Loans Growth (%) -1.70 Sep 2024 monthly Jan 2002 - Sep 2024
Private Debt: % of Nominal GDP (%) 89.97 Jun 2024 quarterly Mar 1999 - Jun 2024
Money Supply: M3 (EUR bn) 498.300 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply: M3: M2 (EUR bn) 381.400 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply: M3: M2: M1 (EUR bn) 290.000 Sep 2024 monthly Jan 1999 - Sep 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets (EUR mn) 2,833.672 Oct 2024 monthly Jan 1999 - Oct 2024
Official Reserve Assets: Foreign Exchange (EUR mn) 251.301 Oct 2024 monthly Jan 1999 - Oct 2024
Bank Deposits: Domestic (EUR mn) 308,352.800 Sep 2024 monthly Jan 2003 - Sep 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 150,914.850 Sep 2024 monthly Jan 1999 - Sep 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.8 Oct 2024 monthly Jan 1986 - Oct 2024

More Indicators for Luxembourg

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