Belarus vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Belarus ranked 78th with $59.7B. By GDP 5-years average growth and GDP per capita, Luxembourg and Belarus ranked 88th vs 167th and 3rd vs 97th, respectively.

Gross Domestic Product & Income

StatBelarusLuxembourg
GDP$59.7B$70.9B
GDP growth, 1 year3%3%
GDP growth, 5-years average0.2%3%
Population9.4M626k
GDP per capita$6.3k$117k
GDP per capita growth3.19%1.18%
Purchasing Power Parity conversion factor0.640.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.311.03
GDP per capita, PPP adjusted$20k$107k
GNI, Atlas method$53.8B$43.1B
GNI per capita$5.7k$71k
GNI, PPP adjusted$182.5B$43.9B
GNI per capita, PPP adjusted$19k$72k

Financial system and Human development

StatBelarusLuxembourg
Income Tax Rate13%42%
Corporate Tax Rate18%18%
Inflation, consumer prices4.9%2%
Inflation, GDP deflator11.6%2.5%
Unemployment5.7%5.5%
Economic Freedom Index61.775.8
Personal Freedom Index6.249.1
Human Freedom Index6.168.46
Property Rights Index63.286.4
Judical Effectiveness Index48.474.4
Business Freedom Index76.466.8
Fiscal Health Index95.499
Labor Freedom Index74.845.3
Investment Freedom Index3095
Financial Freedom Index2080
Trade Freedom Index8286.4
Monetary Freedom Index69.876.4
Government Spending Index54.145.4
Tax Burden Index88.864.1
Government Integrity Index37.490.3
Corruption Perceptions Index4481
Life expectancy at birth, years74.182.7
Suicide mortality rate, per 100,000 people26.213.5
Mortality caused by road traffic injury, per 100,000 people8.96.3
Intentional homicides, per 100,000 people3.60.3
International tourism, number of arrivals11.5M1M

Government debt & reserves

StatBelarusLuxembourg
Central government debt, % of GDP47.8%21.8%
External debt stocks, % of GNI67.7%N/A
External debt stocks$38.8BN/A
Short-term debt, % of total reserves134.2%N/A
Total debt service, % of exports and primary income13.5%N/A
Adjusted net savings including particulate emission damage, % of GNI21.2%20.9%
Gross savings, % of GDP28.8%17.4%
Gross capital formation, % of GDP27.5%17.6%
Total reserves including gold$7.2B$938.9M
Foreign direct investment net inflows$1.4B-$5.6B

Exports, imports and economic structure

StatBelarusLuxembourg
Exports of goods and services, % of GDP70.2%211.6%
Imports of goods and services, % of GDP69.1%175.5%
Current account balance (balance of payments)-$34.4M$3.4B
Revenue excluding grants, % of GDP29.5%40.9%
Grants excluding technical cooperation, BoP$56.2MN/A
Personal remittances received$1.4B$2.1B
Industry including construction value added, % of GDP31.5%11.8%
Agriculture, forestry and fishing value added, % of GDP6.4%0.2%
Charges for the use of intellectual property, payments BoP$178.6M$5B
Charges for the use of intellectual property, receipts BoP$66.1M$2.4B
Expense, % of GDP29.3%38.7%
Government Expenditure, % of GDP39.1%42.7%

Compare with countries close by GDP per capita

Belarus vs

CountryGDP
per capita
Population
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
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
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
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M

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