Luxembourg: Economy

Economic Trivia

Financial sector accounts for 27% of GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Germany, Belgium, and France
Top 3 Exported Goods (2014): Iron & Steel, Industrial Machinery, and Plastics

Top Industries Source: CIA World Factbook

Banking and Financial Services; Iron and Steel; Information Technology; Telecommunications

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $54,774,901,731 (2014)
GDP Growth Rate (annual %) 4.069% (2014)
GDP Per Capita, PPP (current international) $98,460 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 104/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.63% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 20.1% (2015)
Real Interest Rate (5 year average %) 5.705% (1998)
Manufacturing, value added (% of GDP) 4.882% (2014)
Current Account Balance (BoP, current US$) $3,615,925,697 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 266,117 (2014)
Employment in Agriculture (% of total employment) 1.3% (2014)
Employment in Industry (% of total employment) 10.8% (2014)
Employment in Services (% of total employment) 85.7% (2014)
Unemployment Rate 6.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $110,856,299,113 (2014)
Exports of goods and services (current US$) $131,868,179,388 (2014)
Total Merchandise Trade (% of GDP) 70.761% (2014)
FDI, net inflows (BoP, current US$) $7,087,048,297 (2014)
Commercial Service Exports (current US$) $99,337,878,248 (2014)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary