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 672,050 people, it is one of the least populous country in the world and has a population density of 259 people per km2.

It's capital is Luxembourg and its currency is Euros

Luxembourg is holding the 75 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 €30,293 euros per inhabitant$32,756 dollars per inhabitant.

The last annual rate of CPI published in Luxembourg was on June of 2024 and it was 2.2%.

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
Gouvernement
Qu. GDP Per Capita [+]2024Q130,141K
Annual GDP [+]2023€79,310M
Annual GDP [+]2023$85,755M
GDP per capita [+]2023€118,770
GDP per capita [+]2023$127,602
Quarterly GDP [+]2024Q1€20,256M
Debt (M.€.) [+]202320,359
Debt ($M) [+]202322,014
Debt (%GDP) [+]202325.70%
Debt Per Capita [+]2023€30,293
Debt Per Capita [+]2023$32,756
Deficit (M.€) [+]2023-993
Deficit ($M) [+]2023-1,074
Deficit (%GDP) [+]2023-1.30%
Expenditure (M.€) [+]202338,144.8
Expenditure ($M) [+]202341,246.0
Education Expenditure (M.€) [+]20223,646.2
Education Expenditure ($M) [+]20223,839.6
Education Expenditure (%Bud.) [+]202210.74%
Gov. Health Exp. (M.€) [+]20233,941,302,000.0
Gov. Health Exp.($M) [+]20234,261,729,852.6
Gov. Health Exp. (%Bud.) [+]202210.95%
Defence Expenditure (M.€) [+]2022543.0
Defence Expenditure ($M) [+]2022571.8
Defence Expenditure (%Bud.) [+]20221.60%
Expenditure (%GDP) [+]202348.10%
Expenditure Per Capita [+]2023€56,759
Expenditure Per Capita [+]2023$61,373
Education Expenditure P.C [+]2022€5,564
Education Expenditure P.C [+]2022$5,954
Gov. Health Exp. P.C. [+]2023€5,891
Gov. Health Exp. P.C. [+]2023$6,370
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
Labour
Unemployment Rate [+]May 20245.7%
Unemployment rate [+]2024Q15.7%
Unemployed [+]2024Q119K
NMW [+]2024$2,840.9
NMW [+]2024€2,570.9
Average Wage [+]2023$79,387
Average Wage [+]2023€73,418
Human Capital Ranking [+]201730º
Markets
US Dollar exchange rate [+]07/26/20240.9208
Stock ExchangeYTD % [+]07/25/2024-10.58%
Prices
CPI (overall index) [+]June 20242.2%
HICP [+]June 20242.8%
PPI Year on Year [+]April 202418.0%
Money Market
Key rates [+]06/12/20244.25%
Business
Doing Business [+]202072º
IPI Year on Year [+]April 2024-5.9%
Passengers vehicles Year [+]December 202242,094
Annual Vehicles/ 1,000 p. [+]December 202271.86
Vehicles / 1,000 people [+]2021775.27
Taxes
Tax Revenue (%GDP) [+]202342.2%
Standard VAT [+]01/01/201517.00%
Top tax rate + SSC [+]202247.2%
Trade
Annual arrivals [+]20191,041,117
Exports [+]2023€15,843.2M
Exports [+]2023$17,147.9M
Exports % GDP [+]202319.98%
Imports [+]2023€24,181.4M
Imports [+]2023$25,535.2M
Imports % GDP [+]202330.49%
Trade balance [+]2023€-8,338.2M
Trade balance [+]2023$-8,387.3M
Trade balance % GDP [+]2023-10.51%
Retail Sales YoY [+]December 20236.5%
Socio-Demography
Global AgeWatch Ranking [+]201519º
Density [+]2023259
Global Peace Ranking [+]2023-1º
Crude divorce rate [+]20221.90‰
Remittance received ($M) [+]20171,746.1
% Immigrant [+]202046.96%
% Emigrant [+]202012.88%
Birth Rate [+]20239.50‰
Remittance sent ($M) [+]20171,321.5
Crude death rate [+]20236.60‰
Fertility Rate [+]20221.31
Crude marriage rate [+]20223.80‰
% risk of poverty [+]202318.8%
Population [+]2023672,050
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
Others
COVID-19 - Deaths [+]07/07/20241,000
COVID-19 - Confirmed [+]07/07/2024392,477
Fully vaccinated [+]06/11/2023462,702
COVID-19 - Deaths per million population [+]07/07/20241,487.98
Doses administered [+]03/25/20231,374,547