Luxembourg: Trade (% of GDP)
In , Luxembourg's Trade (% of GDP) was 351.27.
That's down 12.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Luxembourg ranks #2 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #1 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.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
- 412.18
- Trough
- 263.53
- 1-year change
- -12.7%
- 5-year change
- -8.2%
- -1.7% / yr
- 10-year change
- +5.4%
- +0.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 351.2679 | |
| 402.5670 | |
| 412.1772 | |
| 397.5062 | |
| 375.5814 | |
| 382.6608 | |
| 361.8654 | |
| 353.7940 | |
| 348.4374 | |
| 351.1320 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Luxembourg's Trade (% of GDP) in 2024?
- In 2024, Luxembourg's Trade (% of GDP) was 351.27, according to World Bank Open Data.
- Is Luxembourg's Trade (% of GDP) rising or falling?
- Luxembourg's Trade (% of GDP) fell 12.7% from 2023 to 2024.
- How does Luxembourg rank globally on Trade (% of GDP)?
- In 2024, Luxembourg ranked #2 out of 160 countries reporting Trade (% of GDP).
- How does Luxembourg's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Luxembourg is above the world average. Within Europe & Central Asia, it ranks #1 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.