National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Luxembourg
Annual
LUXGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,529,001,000.00
Year-over-Year Change
82.84%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) for Luxembourg measures the total economic output of the country over a 12-month period. It is a key indicator of economic health and performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual GDP for Luxembourg represents the sum of all goods and services produced within the country's borders over a given year. It is widely used by economists, policymakers, and analysts to assess the overall size and growth of the Luxembourg economy.
Methodology
The data is compiled by Luxembourg's national statistical agency based on surveys, administrative records, and other economic indicators.
Historical Context
Annual GDP is a critical metric for monitoring economic trends and guiding fiscal and monetary policies.
Key Facts
- Luxembourg's GDP reached €71.5 billion in 2021.
- The Luxembourg economy grew by 6.9% in 2021 after a 1.8% contraction in 2020.
- Luxembourg has one of the highest GDP per capita in the world.
FAQs
Q: What does this economic trend measure?
A: The Annual Gross Domestic Product (GDP) for Luxembourg measures the total value of all goods and services produced within the country over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Annual GDP is a key indicator of a country's overall economic performance and is widely used by economists, policymakers, and investors to assess the health and growth of the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is compiled by Luxembourg's national statistical agency based on surveys, administrative records, and other economic indicators.
Q: How is this trend used in economic policy?
A: Annual GDP is a critical metric for monitoring economic trends and guiding fiscal and monetary policies in Luxembourg and across the European Union.
Q: Are there update delays or limitations?
A: The Annual GDP data for Luxembourg is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual Gross Domestic Product for Luxembourg (LUXGDPNADSMEI), retrieved from FRED.