Source: world bank Nominal/PPP
Summary:
Luxembourg GDP Per Capita expanded from 1960 to 2024, increasing from $2,261.18 to $137,781.68 .The compound annual growth rate (CAGR) averaged 6.63% over the period. The economy recorded its peak level in 2024 and its lowest level in 1961. Growth volatility remained high. The maximum drawdown reached 26.64%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Luxembourg Economic Phases (1960 - 2024)
From 1960 to 2024, Luxembourg economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1963–1964) indicating robust economic expansion
- Expansion (1965–1967) indicating steady moderate growth
- High Growth (1968–1970) indicating robust economic expansion
- High Growth (1972–1974) indicating robust economic expansion
- High Growth (1976–1980) indicating robust economic expansion
- Contraction (1982–1984) indicating temporary slowdown
- High Growth (1986–1992) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Contraction (1996–1997) indicating temporary slowdown
- Contraction (2000–2001) indicating temporary slowdown
- High Growth (2002–2008) indicating robust economic expansion
- Expansion (2016–2017) indicating steady moderate growth
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1986 with an increase of 45.409%, while the largest decline was in 1981 at -16.296%.