Country comparison Luxembourg vs Monaco

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Gouvernement
GDP Growth (%) [+]20240.4%chart8.5%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q332,739K
Annual GDP [+]2024€86,180Mchart€10,279M2024Annual GDP [+]
Annual GDP [+]2024$93,280Mchart$11,126M2024Annual GDP [+]
GDP per capita [+]2024€127,030chart€267,5222024GDP per capita [+]
GDP per capita [+]2024$138,757chart$289,5612024GDP per capita [+]
Quarterly GDP [+]2025Q3€22,327M
Debt (M.€.) [+]202422,649
Debt ($M) [+]202424,514
Debt (%GDP) [+]202426.30%
Debt Per Capita [+]2024€33,211
Debt Per Capita [+]2024$35,946
Deficit (M.€) [+]2024766
Deficit ($M) [+]2024961
Deficit (%GDP) [+]20240.90%
Expenditure (M.€) [+]202440,368.7
Expenditure ($M) [+]202443,704.4
Education Expenditure (M.€) [+]20222,843.7chart160.32023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20223,025.6chart173.12023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20228.45%chart7.73%2023Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20244,351,675,000.0chart247.02023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20244,772.5chart267.12023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202410.92%chart11.93%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2024829.6
Defence Expenditure ($M) [+]2024898.0
Defence Expenditure (%Bud.) [+]20241.99%
Expenditure (%GDP) [+]202446.80%chart22.40%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€59,194
Expenditure Per Capita [+]2024$64,085
Education Expenditure P.C [+]2022€4,340chart€4,1772023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$4,643chart$4,5172023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€6,475chart€6,3402023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$7,101chart$6,8562023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€1,223
Defence Expenditure P.C. [+]2024$1,336
Moody's Rating [+]02/07/2025Aaa
S&P Rating [+]04/28/1994AAA
Fitch Rating [+]03/06/2020AAA
Corruption Index [+]202378
Competitiveness Ranking [+]201918º
Fragile States Index [+]202418.7
RTI Raking [+]2024117ºchart136º2024RTI Raking [+]
Innovation Ranking [+]202420º
Labour
Unemployment Rate [+]November 20256.9%
Unemployment rate [+]2025Q36.2%
Unemployed [+]2025Q322K
NMW [+]2025$3,066.1chart$12.72014NMW [+]
NMW [+]2025€2,704.0chart€1,650.62014NMW [+]
Average Wage [+]2024$80,416
Average Wage [+]2024€74,296
Human Capital Ranking [+]201730º
Markets
US Dollar exchange rate [+]01/22/20260.8543chart0.854301/22/2026US Dollar exchange rate [+]
Stock ExchangeYTD % [+]01/23/20267.45%
Prices
CPI (overall index) [+]December 20253.1%
HICP [+]December 20253.3%
PPI Year on Year [+]November 2025-5.5%
Money Market
Key rates [+]06/11/20252.15%chart2.15%06/11/2025Key rates [+]
Business
Doing Business [+]202072º
IPI Year on Year [+]November 2025-3.6%
Passengers vehicles Year [+]December 202489,727
Annual Vehicles/ 1,000 p. [+]December 202271.86
Vehicles / 1,000 people [+]2021775.27
Taxes
Tax Revenue (%GDP) [+]202442.7%
Standard VAT [+]01/01/201517.00%
Top tax rate + SSC [+]202247.2%
Trade
Annual arrivals [+]20221,013,000chart327,0002022Annual arrivals [+]
Exports [+]2024€14,967.0M
Exports [+]2024$16,200.0M
Exports % GDP [+]202417.37%
Imports [+]2024€24,087.7M
Imports [+]2024$26,072.0M
Imports % GDP [+]202427.95%
Trade balance [+]2024€-9,120.8M
Trade balance [+]2024$-9,872.1M
Trade balance % GDP [+]2024-10.58%
Retail Sales YoY [+]December 202510.4%
Socio-Demography
Global AgeWatch Ranking [+]201519º
Density [+]2024263chart5132024Density [+]
Global Peace Ranking [+]2023-1º
Crude divorce rate [+]20232.00‰chart2.50‰2004Crude divorce rate [+]
Remittance received ($M) [+]20171,746.1
% Immigrant [+]202046.96%chart69.91%2020% Immigrant [+]
% Emigrant [+]202012.88%chart85.55%2020% Emigrant [+]
Birth Rate [+]20249.50‰chart5.30‰2024Birth Rate [+]
Remittance sent ($M) [+]20171,321.5chart181.32017Remittance sent ($M) [+]
Crude death rate [+]20246.60‰chart6.70‰2024Crude death rate [+]
Fertility Rate [+]20231.25chart2.112023Fertility Rate [+]
Crude marriage rate [+]20233.80‰chart5.06‰2023Crude marriage rate [+]
% risk of poverty [+]202418.1%
Population [+]2024681,973chart38,4232024Population [+]
Immigrant stock [+]2020298,062chart26,6012020Immigrant stock [+]
Emigrant stock [+]202081,757chart32,5522020Emigrant stock [+]
HDI [+]20220.927
Gender Gap Ranking [+]202446º
Life expectancy [+]202483.50chart86.372023Life expectancy [+]
Suicides [+]202456
Suicide rate [+]20248.21
Number of homicides [+]202210chart02015Number of homicides [+]
Rate Homicides per 100.000 [+]20221.53chart02015Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]202311.18
Consumption GWh [+]20235,862
Generation GWh [+]2023801
Others
COVID-19 - Deaths [+]12/28/20251,000chart6712/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025400,949chart17,18112/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]06/11/2023462,702chart25,66712/21/2021Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/20251,466.33chart1,743.7512/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]03/25/20231,374,547chart71,92912/23/2023Doses administered [+]
Luxembourg
Monaco