Albania vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, Luxembourg and Albania ranked 88th vs 84th and 3rd vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaLuxembourg
GDP$15.1B$70.9B
GDP growth, 1 year4.2%3%
GDP growth, 5-years average3.1%3%
Population3M626k
GDP per capita$5.3k$117k
GDP per capita growth4.4%1.18%
Purchasing Power Parity conversion factor42.570.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.391.03
GDP per capita, PPP adjusted$13k$107k
GNI, Atlas method$13.9B$43.1B
GNI per capita$4.9k$71k
GNI, PPP adjusted$38.3B$43.9B
GNI per capita, PPP adjusted$13k$72k

Financial system and Human development

StatAlbaniaLuxembourg
Income Tax Rate23%42%
Corporate Tax Rate15%18%
Inflation, consumer prices2%2%
Inflation, GDP deflator0.9%2.5%
Unemployment13.9%5.5%
Economic Freedom Index66.975.8
Personal Freedom Index8.079.1
Human Freedom Index7.688.46
Property Rights Index57.186.4
Judical Effectiveness Index3374.4
Business Freedom Index65.766.8
Fiscal Health Index86.399
Labor Freedom Index52.145.3
Investment Freedom Index7095
Financial Freedom Index7080
Trade Freedom Index88.486.4
Monetary Freedom Index81.276.4
Government Spending Index74.645.4
Tax Burden Index85.964.1
Government Integrity Index38.890.3
Corruption Perceptions Index3681
Life expectancy at birth, years78.382.7
Suicide mortality rate, per 100,000 people6.313.5
Mortality caused by road traffic injury, per 100,000 people13.66.3
Intentional homicides, per 100,000 people2.30.3
International tourism, number of arrivals5.3M1M

Government debt & reserves

StatAlbaniaLuxembourg
Central government debt, % of GDP68.6%21.8%
External debt stocks, % of GNI67.2%N/A
External debt stocks$10.1BN/A
Short-term debt, % of total reserves55.6%N/A
Total debt service, % of exports and primary income20.7%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%20.9%
Gross savings, % of GDP16.2%17.4%
Gross capital formation, % of GDP25%17.6%
Total reserves including gold$3.9B$938.9M
Foreign direct investment net inflows$1.2B-$5.6B

Exports, imports and economic structure

StatAlbaniaLuxembourg
Exports of goods and services, % of GDP31.7%211.6%
Imports of goods and services, % of GDP45.4%175.5%
Current account balance (balance of payments)-$1B$3.4B
Revenue excluding grants, % of GDP25.6%40.9%
Grants excluding technical cooperation, BoP$181MN/A
Personal remittances received$1.5B$2.1B
Industry including construction value added, % of GDP21.3%11.8%
Agriculture, forestry and fishing value added, % of GDP18.4%0.2%
Charges for the use of intellectual property, payments BoP$26.4M$5B
Charges for the use of intellectual property, receipts BoP$14.9M$2.4B
Expense, % of GDP23.3%38.7%
Government Expenditure, % of GDP29.1%42.7%

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M

Luxembourg vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k