Luxembourg Luxembourg

Subscribe to our free email alert service

Luxembourg, is a country located at Western Europe, it has an area of 2,590 Km2 so it is one of the smallest countries in the world.

Luxembourg, with a population of 660,809 people, it is one of the least populous country in the world and has a population density of 255 people per km2.

It's capital is Luxembourg and its currency is Euros

Luxembourg is holding the 73 position by nominal GDP. Its national debt in 2023 was 20,359 millions of euros (22,014 millions of dollars), ( 25.7% debt-to-GDP ratio) and its public debt per capita is €30,808 euros per inhabitant$33,313 dollars per inhabitant.

The last annual rate of CPI published in Luxembourg was on April of 2024 and it was 2.4%.

In terms of the human development index (HDI) of Luxembourg, which is the index used by the United Nations to measure the progress of a country, was 0.93 points in 2021, leaving it in 17th place in the table of 191 countries published.

If the reason to visit Luxembourg are business, you must know it's in the 72th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Luxembourg, if you want to see information about other countries click here

Luxembourg: Monthly Temp.
Luxembourg: Monthly Rainfall
Luxembourg Economy
Qu. GDP Per Capita [+]2023Q430,090K
Annual GDP [+]2023€79,310M
Annual GDP [+]2023$85,755M
GDP per capita [+]2023€118,770
GDP per capita [+]2023$129,773
Quarterly GDP [+]2023Q4€19,884M
Debt (M.€.) [+]202320,359
Debt ($M) [+]202322,014
Debt (%GDP) [+]202325.70%
Debt Per Capita [+]2023€30,808
Debt Per Capita [+]2023$33,313
Deficit (M.€) [+]2023-993
Deficit ($M) [+]2023-1,074
Deficit (%GDP) [+]2023-1.30%
Expenditure (M.€) [+]202338,144.8
Expenditure ($M) [+]202341,246.0
Education Expenditure (M.€) [+]20182,192.9
Education Expenditure ($M) [+]20182,589.7
Education Expenditure (%Bud.) [+]20188.66%
Gov. Health Exp. (M.€) [+]20223,660,780,000.0
Gov. Health Exp.($M) [+]20223,854,801,340.0
Gov. Health Exp. (%Bud.) [+]201710.80%
Defence Expenditure (M.€) [+]2022543.0
Defence Expenditure ($M) [+]2022571.8
Defence Expenditure (%Bud.) [+]20221.60%
Expenditure (%GDP) [+]202348.10%
Expenditure Per Capita [+]2023€57,724
Expenditure Per Capita [+]2023$62,417
Education Expenditure P.C [+]2018€3,602
Education Expenditure P.C [+]2018$4,321
Gov. Health Exp. P.C. [+]2022€5,672
Gov. Health Exp. P.C. [+]2022$5,973
Defence Expenditure P.C. [+]2022€829
Defence Expenditure P.C. [+]2022$887
Moody's Rating [+]03/17/2023Aaa
S&P Rating [+]04/28/1994AAA
Fitch Rating [+]03/06/2020AAA
Corruption Index [+]202277
Competitiveness Ranking [+]201918º
Fragile States Index [+]201820.8
RTI Raking [+]2022115º
Innovation Ranking [+]201815º
Unemployment Rate [+]April 20245.6%
Unemployment rate [+]2023Q45.5%
Unemployed [+]2023Q418K
NMW [+]2024$2,840.9
NMW [+]2024€2,570.9
Average Wage [+]2023$79,387
Average Wage [+]2023€73,418
Human Capital Ranking [+]201730º
US Dollar exchange rate [+]05/29/20240.9211
Stock ExchangeYTD % [+]05/29/2024-7.21%
CPI (overall index) [+]April 20242.4%
HICP [+]April 20243.0%
PPI Year on Year [+]March 202416.5%
Money Market
Key rates [+]09/20/20234.50%
Doing Business [+]202072º
IPI Year on Year [+]March 2024-1.0%
Passengers vehicles Year [+]December 202242,094
Annual Vehicles/ 1,000 p. [+]December 202271.86
Vehicles / 1,000 people [+]2021775.27
Tax Revenue (%GDP) [+]202342.2%
Standard VAT [+]01/01/201517.00%
Top tax rate + SSC [+]202247.2%
Annual arrivals [+]20191,041,117
Exports [+]2023€15,874.7M
Exports [+]2023$17,147.9M
Exports % GDP [+]202320.02%
Imports [+]2023€23,662.3M
Imports [+]2023$25,535.2M
Imports % GDP [+]202329.84%
Trade balance [+]2023€-7,787.6M
Trade balance [+]2023$-8,387.3M
Trade balance % GDP [+]2023-9.82%
Retail Sales YoY [+]December 20236.5%
Global AgeWatch Ranking [+]201519º
Density [+]2022255
Global Peace Ranking [+]2023-1º
Crude divorce rate [+]20221.90‰
Remittance received ($M) [+]20171,746.1
% Immigrant [+]202046.96%
% Emigrant [+]202012.88%
Birth Rate [+]20229.90‰
Remittance sent ($M) [+]20171,321.5
Crude death rate [+]20226.80‰
Fertility Rate [+]20221.31
Crude marriage rate [+]20223.80‰
% risk of poverty [+]202217.3%
Population [+]2022660,809
Immigrant stock [+]2020298,062
Emigrant stock [+]202081,757
HDI [+]20210.930
Gender Gap Ranking [+]202344º
Life expectancy [+]202383.40
Suicides [+]202253
Suicide rate [+]20228.02
Number of homicides [+]202210
Rate Homicides per 100.000 [+]20221.54
Energy and Environment
CO2 Tons per capita [+]202212.26
Consumption GWh [+]20226,122
Generation GWh [+]2022763
COVID-19 - Deaths [+]05/12/20241,000
COVID-19 - Confirmed [+]05/12/2024391,389
Fully vaccinated [+]06/11/2023462,702
COVID-19 - Deaths per million population [+]05/12/20241,513.30
Doses administered [+]03/25/20231,374,547