Luxembourg: Economy
|
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 |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| 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 (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) | $86,117,109,487 (2021) |
| GDP Growth Rate (annual %) | 5.102% (2021) |
| GDP Per Capita, PPP (current international) | $134,545 (2021) |
GDP Country Rank 97/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.527% (2021) |
| External debt stocks, total (DOD, current US$) | 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) | 4.85% (2021) |
| Current Account Balance (BoP, current US$) | $4,140,502,776 (2021) |
Labor and Employment [1]
| Labor Force, Total | 333,946 (2021) |
| Employment in Agriculture (% of total employment) | 0.989% (2020) |
| Employment in Industry (% of total employment) | 11.549% (2020) |
| Employment in Services (% of total employment) | 87.462% (2020) |
| Unemployment Rate | 5.227% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $151,078,418,081 (2021) |
| Exports of goods and services (current US$) | $180,788,786,071 (2021) |
| Total Merchandise Trade (% of GDP) | 49.627% (2021) |
| FDI, net inflows (BoP, current US$) | ($9,053,878,561) (2021) |
| Commercial Service Exports (current US$) | $147,465,963,667 (2021) |
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.