Merchandise trade as a share of GDP fell 10.8% to 44.3% in Luxembourg in 2024, according to the National Statistical Office.
Historically, merchandise trade as a share of GDP in Luxembourg reached an all time high of 117% in 2006 and an all time low of 44.3% in 2024. When compared to Luxembourg's main peers, merchandise trade as a share of GDP in Belgium amounted to 158%, 44.0% in France, 66.7% in Germany and 141% in Netherlands in 2024.
Luxembourg has been ranked 115th within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 48 places below the position seen 10 years ago.
| Merchandise Trade (As % of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Austria | % | 83.6% | 82.0% | 78.7% | 87.9% | 94.4% | ||||||||||||||||
| Belgium | % | 170% | 163% | 155% | 180% | 209% | ||||||||||||||||
| Denmark | % | 59.8% | 60.6% | 58.1% | 60.3% | 64.9% | ||||||||||||||||
| France | % | 45.2% | 45.0% | 40.4% | 43.8% | 51.6% | ||||||||||||||||
| Germany | % | 70.2% | 68.8% | 64.8% | 69.9% | 78.3% | ||||||||||||||||
| Italy | % | 50.1% | 50.1% | 48.6% | 54.3% | 64.3% | ||||||||||||||||
| Luxembourg | % | 57.1% | 58.3% | 47.5% | 49.7% | 54.9% | ||||||||||||||||
| Netherlands | % | 148% | 145% | 136% | 151% | 178% | ||||||||||||||||
| Poland | % | 89.6% | 88.3% | 88.4% | 99.1% | 107% | ||||||||||||||||
| Spain | % | 51.5% | 50.4% | 49.2% | 54.7% | 62.9% | ||||||||||||||||
| United Kingdom | % | 40.4% | 40.5% | 38.5% | 37.1% | 44.0% |
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