Luxembourg: Merchandise trade (% of GDP)
In , Luxembourg's Merchandise trade (% of GDP) was 44.28.
That's down 9.6% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Luxembourg ranks #127 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #46 of 50.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 116.81
- Trough
- 44.28
- 1-year change
- -9.6%
- 5-year change
- -24.0%
- -5.3% / yr
- 10-year change
- -33.4%
- -4.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 44.2839 | |
| 48.9746 | |
| 54.9456 | |
| 49.7414 | |
| 47.5141 | |
| 58.2708 | |
| 57.0959 | |
| 58.7973 | |
| 60.5431 | |
| 67.2997 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Luxembourg's Merchandise trade (% of GDP) in 2024?
- In 2024, Luxembourg's Merchandise trade (% of GDP) was 44.28, according to World Bank Open Data.
- Is Luxembourg's Merchandise trade (% of GDP) rising or falling?
- Luxembourg's Merchandise trade (% of GDP) fell 9.6% from 2023 to 2024.
- How does Luxembourg rank globally on Merchandise trade (% of GDP)?
- In 2024, Luxembourg ranked #127 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Luxembourg's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Luxembourg is below the world average. Within Europe & Central Asia, it ranks #46 of 50.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.