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Indicators of economy in Luxembourg

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Luxembourg reached 115.874 US dollars per inhabitant, or 73.26 bn US Dollar in the whole country. Luxembourg is therefore currently ranked 71 of the major economies. Calculate per inhabitant and taking into account the purchasing power parity, then Luxembourg is the richest country in the world.

Inflation in Luxembourg was in 2020 at around 0.82%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices of daily necessities are approximately 25.67% higher.
The Corruption Perceptions Index for the public sector counts 80 and is compared to other countries good.


Back to overview: Luxembourg

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Luxembourg
Total
Luxembourg
per capita
EU
Total
EU
per capita
GDP73.26 bn USD115,873.60 USD15,192.65 tn USD29,499.72 USD
Gross national product45.82 bn USD72,464.74 USD16,012.29 tn USD31,091.23 USD


Luxembourg ranked 35th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 7 of the 2000 largest listed companies in the world originate from Luxembourg. This is determined annually in the "Forbes Global 2000" list. The 7 largest companies in the country were in 2020:

Rank 650: ArcelorMittal (Luxembourg)
Rank 1026: Aroundtown (Luxembourg)
Rank 1329: Spotify Technology (Luxembourg)
Rank 1530: Ternium (Luxembourg)
Rank 1599: RTL Group (Luxembourg)
Rank 1732: CPI Property Group (Luxembourg)
Rank 1810: Tenaris (Luxembourg)

Development of the Gross domestic product in billion US Dollar 1979 - 2020


Household debt and deficits 2019


 Luxembourg
Total
Luxembourg
per capita
EU
Total
EU
per capita
Gross debt15.64 bn USD24,729.84 USD14,618.72 tn USD28,385.31 USD
Budget deficit-1.73 bn USD-2,731.49 USD148.52 bn USD288.39 USD

Please note: A negative budget deficit equivalents to a surplus


Im- and Exports 2020

 Luxembourg
Total
Luxembourg
per capita
EU
Total
EU
per capita
Imports110.10 bn USD174,135.07 USD7,314.16 bn USD14,201.97 USD
Exports137.09 bn USD216,813.68 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in billion US dollars 1999 - 2020

Exports
Imports



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