Luxembourg: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | Financial sector accounts for 27% of GDP. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Germany, Belgium, and France |
| Top Industries Source: CIA World Factbook | Banking and Financial Services; Iron and Steel; Information Technology; Telecommunications |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $92,549,077,117 (2022) |
| GDP Growth Rate (annual %) | 1.549% (2022) |
| GDP Per Capita, PPP (current international) | $142,214 (2022) |
GDP Country Rank 98/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.336% (2022) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 20.4% (2019) |
| Real Interest Rate (5 year average %) | -0.757% (1999) |
| Manufacturing, value added (% of GDP) | 4.482% (2022) |
| Current Account Balance (BoP, current US$) | $4,246,176,859 (2022) |
Labor and Employment [1]
| Labor Force, Total | 337,221 (2022) |
| Employment in Agriculture (% of total employment) | 1.136% (2021) |
| Employment in Industry (% of total employment) | 9.394% (2021) |
| Employment in Services (% of total employment) | 89.47% (2021) |
| Unemployment Rate | 4.698% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $144,072,588,270 (2022) |
| Exports of goods and services (current US$) | $172,255,839,701 (2022) |
| Total Merchandise Trade (% of GDP) | 53.28% (2022) |
| FDI, net inflows (BoP, current US$) | ($322,053,781,286) (2022) |
| Commercial Service Exports (current US$) | $133,764,636,876 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Luxembourg’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.