The Poorest Countries in the World
All these extremely fragile and underdeveloped economies have either recently been through a civil war or are suffering from ongoing sectarian or ethnic conflicts.
Luxembourg GDP and Economic Data
Country Report 2017 - Includes Luxembourg real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Luxembourg economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Luxembourg best banks and safest banks are also available.
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International Reserves
USD 0.9 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 64.5 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 61.9 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 5.1% | 8.4% | -0.8% | -5.4% | 5.7% | 2.6% | -0.9% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 4.4% | 4.1% | 4.9% | 3.5% | 3.1% |
*Estimate
GDP per capita - current prices
USD 109,370.2 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.04% | 0.05% | 0.06% | 0.05% | 0.05% |
*Estimate
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GDP - composition by sector
- agriculture: 0.2%
- industry: 11.1%
- services: 88.7%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
1.3% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 1.7% | 0.7% | 0.1% | 0.2% | 1.0% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 6.9% | 7.1% | 6.9% | 6.4% | 6.3% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 23.3% | 22.9% | 21.5% | 22.2% | 22.9% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 0.8% | 1.7% | 1.3% | 1.2% | 0% |
*Estimate
Government bond ratings
Standard & Poor's: AAA
Moody's: Aaa
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 78.6 billion | USD 63.2 billion | USD 47.1 billion |
Largest companies
ArcelorMittal, Altice, Tenaris, SES, Millicom International.
Source
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Current account balance by percentage of GDP
4.3% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
213.8% (2015)
Shares in world total merchandising export
0.1% (2015)
Shares in world total commercial services export
2.0% (2015)
Export commodities
Machinery and equipment, steel products, chemicals, rubber products, glass
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Import commodities
Commercial aircraft, minerals, chemicals, metals, foodstuffs, luxury consumer goods
Exports - major partners
Germany 22.1%, Belgium 16.7%, France 16.6%, UK 4.7%, Italy 4.6%, Netherlands 4% (2015)
Imports - major partners
Belgium 27.6%, Germany 22.9%, China 11.7%, France 9.5%, US 8.4%, Netherlands 4.2%, Mexico 4.1% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 15,371 million | USD 12,073 million | USD 24,596 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 25,283 million | USD 23,437 million | USD 39,371 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD -716.0 million | USD 3310.0 million | USD 22166.0 million | USD 17352.2 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 59 out of 190 countries (2017)
Subcategories:
Starting a business: 67 out of 190 countries
Enforcing Contracts: 15 out of 190 countries
Registering Property: 88 out of 190 countries
Getting Credit: 170 out of 190 countries
Protecting Minority Investors: 123 out of 190 countries
Trading Across Borders: 1 out of 190 countries
Paying Taxes: 16 out of 190 countries
Dealing with Construction Permits: 7 out of 190 countries
Getting Electricity: 32 out of 190 countries
Resolving Insolvency: 82 out of 190 countries
Source
Global competitiveness ranking
20 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 19 / Score: 73.86 (Mostly free) (2016)
(100=totally free 0=totally repressed)
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Languages
Luxembourgish (official administrative and judicial language and national language (spoken vernacular)) 88.8%, French (official administrative, judicial, and legislative language) 4.2%, Portuguese 2.3%, German (official administrative and judicial language) 1.1%, other 3.5% (2011 est.)
Religions
Roman Catholic 87%, other (includes Protestant, Jewish, and Muslim) 13% (2000)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 0.383 million | 0.434 million | 0.502 million | 0.576 million | 0.648 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 70% | 80% | 84% | 90% |
Inequality of wealth distribution (Gini index)
34.8 (2012)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 50.97% Mobile 148.51% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)