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Gross domestic product in constant prices growth rate


In 2018, real GDP growth in Luxembourg was 2.6 %. In the ranking by real GDP growth including 190 countries, Luxembourg has the 118th rank that is close to the positions of such countries as Croatia and the Netherlands. Compared to Libya which at the top of the ranking with real GDP growth of 17.9 % in 2018, Luxembourg has 85.44 % percent lower real GDP growth.

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What is real GDP growth?

Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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