Luxembourg 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$85.76 billion
↑ 5.04% vs 2022GDP per Capita
$128,678.19
↑ 2.94% vs 2022GDP Growth (Annual %)
-1.10%
↓ 2.48pp vs 2022Inflation Rate (CPI %)
3.74%
↓ 2.59pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $81.64 billion | $85.76 billion | +5.04% |
| GDP per Capita | $125,006.02 | $128,678.19 | +2.94% |
| GDP Growth (Annual %) | 1.38% | -1.10% | -2.48pp |
| Inflation (CPI %) | 6.34% | 3.74% | -2.59pp |
| Unemployment Rate (%) | 4.59% | 5.18% | +0.60pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $85.76 billion
- GDP per Capita
- $128,678.19
- GDP Growth (Annual %)
- -1.10%
- Gross National Income
- $55.81 billion
Prices & Employment
- Inflation (CPI %)
- 3.74%
- Inflation (GDP Deflator %)
- 3.43%
- Unemployment Rate (%)
- 5.18%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 11.50%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Luxembourg's Gross Domestic Product (GDP) is $85.76 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Luxembourg for 2023 is $128,678.19. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Luxembourg for 2023 is 3.74%. This measures the annual percentage change in the cost of consumer goods and services.
Luxembourg's annual GDP growth rate for 2023 is -1.10%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Luxembourg for 2023 is 5.18%. This represents the percentage of the labor force that is unemployed and actively seeking employment.