Luxembourg Luxembourg

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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 72 position by nominal GDP. Its national debt in 2022 was 19,175 millions of euros (20,254 millions of dollars), ( 24.7% debt-to-GDP ratio) and its public debt per capita is €29,018 euros per inhabitant$30,651 dollars per inhabitant.

The last annual rate of CPI published in Luxembourg was on February of 2024 and it was 3.2%.

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 [+]2023Q430,690K
Annual GDP [+]2023€79,310M
Annual GDP [+]2022$81,706M
GDP per capita [+]2023€118,770
GDP per capita [+]2022$126,598
Quarterly GDP [+]2023Q4€19,884M
Debt (M.€.) [+]202219,175
Debt ($M) [+]202220,254
Debt (%GDP) [+]202224.70%
Debt Per Capita [+]2022€29,018
Debt Per Capita [+]2022$30,651
Deficit (M.€) [+]2022-222
Deficit ($M) [+]2022145
Deficit (%GDP) [+]2022-0.30%
Expenditure (M.€) [+]202234,024.3
Expenditure ($M) [+]202235,649.5
Education Expenditure (M.€) [+]20182,192.9
Education Expenditure ($M) [+]20182,590.9
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) [+]2022572.3
Defence Expenditure (%Bud.) [+]20221.60%
Expenditure (%GDP) [+]202243.90%
Expenditure Per Capita [+]2022€51,489
Expenditure Per Capita [+]2022$53,948
Education Expenditure P.C [+]2018€3,607
Education Expenditure P.C [+]2018$4,304
Gov. Health Exp. P.C. [+]2022€5,672
Gov. Health Exp. P.C. [+]2022$5,973
Defence Expenditure P.C. [+]2022€831
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 [+]January 20245.6%
Unemployment rate [+]2023Q45.5%
Unemployed [+]2023Q418K
NMW [+]2023$2,679.6
NMW [+]2024€2,570.9
Average Wage [+]2022$73,910
Average Wage [+]2022€70,189
Human Capital Ranking [+]201730º
Markets
US Dollar exchange rate [+]03/18/20240.9181
Stock ExchangeYTD % [+]03/15/2024-3.57%
Prices
CPI (overall index) [+]February 20243.2%
HICP [+]February 20243.2%
PPI Year on Year [+]January 202415.0%
Money Market
Key rates [+]09/20/20234.50%
Business
Doing Business [+]202072º
IPI Year on Year [+]January 2024-4.0%
Passengers vehicles Year [+]December 202242,094
Annual Vehicles/ 1,000 p. [+]December 202271.86
Vehicles / 1,000 people [+]2021775.27
Taxes
Tax Revenue (%GDP) [+]202239.3%
Standard VAT [+]01/01/201517.00%
Top tax rate + SSC [+]202247.2%
Trade
Annual arrivals [+]20191,041,117
Exports [+]2023€15,874.7M
Exports [+]2023$15,984.0M
Exports % GDP [+]202221.21%
Imports [+]2023€23,662.3M
Imports [+]2023$23,664.1M
Imports % GDP [+]202233.32%
Trade balance [+]2023€-7,787.6M
Trade balance [+]2023$-8,427.2M
Trade balance % GDP [+]2022-12.11%
Retail Sales YoY [+]December 20236.5%
Socio-Demography
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 [+]202283.00
Suicides [+]202253
Suicide rate [+]20228.02
Number of homicides [+]202210
Rate Homicides per 100.000 [+]20221.54
Energy and Environment
CO2 Tons per capita [+]202113.82
Consumption GWh [+]20216,496
Generation GWh [+]2021921
Others
COVID-19 - Deaths [+]03/05/20241,000
COVID-19 - Confirmed [+]03/05/2024391,093
Fully vaccinated [+]06/11/2023462,702
COVID-19 - Deaths per million population [+]03/05/20241,513.30
Doses administered [+]03/25/20231,374,547