Luxembourg Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual
LU: GDP: Value Added
LU: GDP: Value Added data was reported at 53,989.877 EUR mn in 2022. This records an increase from the previous number of 49,957.685 EUR mn for 2021. LU: GDP: Value Added data is updated yearly, averaging 16,617.600 EUR mn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 53,989.877 EUR mn in 2022 and a record low of 3,257.151 EUR mn in 1981. LU: GDP: Value Added data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual. In Luxembourg, a better identification of R&D in software-related activities resulted in a break in series in 2012 for BERD (and GERD). From 2009, some budgetary items of the Ministry of Research and other ministries are no longer included in the government's own R&D funds. The impact on GOVERD is a drop of less than 7 million. The significant increase in R&D performed in the higher education sector in 2004 is due to the re-defined role of higher education in the national system of innovation and research, in particular the newly created University of Luxembourg.Government budget allocations for space programs and GUF are included from 2006.
| Last | Frequency | Range |
|---|---|---|
| 53,989.877 2022 | yearly | 1981 - 2022 |
View Luxembourg's LU: GDP: Value Added from 1981 to 2022 in the chart:
LU: GDP: Value Added: Current PPP
LU: GDP: Value Added: Current PPP data was reported at 63.954 USD bn in 2022. This records an increase from the previous number of 58.167 USD bn for 2021. LU: GDP: Value Added: Current PPP data is updated yearly, averaging 17.307 USD bn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 63.954 USD bn in 2022 and a record low of 3.570 USD bn in 1981. LU: GDP: Value Added: Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual. In Luxembourg, a better identification of R&D in software-related activities resulted in a break in series in 2012 for BERD (and GERD). From 2009, some budgetary items of the Ministry of Research and other ministries are no longer included in the government's own R&D funds. The impact on GOVERD is a drop of less than 7 million. The significant increase in R&D performed in the higher education sector in 2004 is due to the re-defined role of higher education in the national system of innovation and research, in particular the newly created University of Luxembourg.Government budget allocations for space programs and GUF are included from 2006.
| Last | Frequency | Range |
|---|---|---|
| 63,953.761 2022 | yearly | 1981 - 2022 |
View Luxembourg's LU: GDP: Value Added: Current PPP from 1981 to 2022 in the chart:
LU: Gross Domestic Product
LU: Gross Domestic Product data was reported at 79,309.622 EUR mn in 2023. This records an increase from the previous number of 77,529.000 EUR mn for 2022. LU: Gross Domestic Product data is updated yearly, averaging 25,011.094 EUR mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 79,309.622 EUR mn in 2023 and a record low of 4,651.394 EUR mn in 1981. LU: Gross Domestic Product data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual.
In Luxembourg, a better identification of R&D in software-related activities resulted in a break in series in 2012 for BERD (and GERD). From 2009, some budgetary items of the Ministry of Research and other ministries are no longer included in the government’s own R&D funds. The impact on GOVERD is a drop of less than 7 million.
| Last | Frequency | Range |
|---|---|---|
| 79,309.622 2023 | yearly | 1981 - 2023 |