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Economy of Brunei vs Luxembourg compared: GDP & Debt

Updated on by Georank

Brunei has a GDP of $15B compared to $101B for Luxembourg, ranking 147/197 and 75/197 by economy size, respectively.

Brunei has $232M in government debt (1.54% of GDP), compared to $27.3B (27% of GDP) in Luxembourg.

Brunei vs Luxembourg GDP by year

Brunei
Luxembourg
1x
Year GDP, current $
Brunei Luxembourg
2025 $15,031,980,994 $101,157,829,491
2024 $15,340,808,592 $93,279,851,863
2023 $15,095,084,656 $88,788,881,539
2022 $16,681,536,467 $80,801,680,397
2021 $14,006,496,617 $86,386,759,695
2020 $12,005,799,654 $73,670,782,100
2019 $13,469,235,365 $69,872,035,114
2018 $13,566,908,391 $71,085,623,495
2017 $12,128,168,045 $65,712,180,343
2016 $11,400,266,045 $62,216,885,436
2015 $12,930,296,870 $60,071,584,216
2014 $17,097,797,386 $68,804,814,555
2013 $18,094,148,099 $65,203,276,467
2012 $19,048,443,341 $59,776,383,527
2011 $18,524,791,063 $61,696,281,326
2010 $13,707,121,038 $56,213,985,987
2009 $11,912,904,510 $54,467,289,898
2008 $15,926,456,515 $58,844,277,702
2007 $13,432,029,484 $51,587,401,416
2006 $12,644,616,419 $42,910,153,830
2005 $10,547,202,621 $37,672,311,223
2004 $8,619,178,774 $35,064,843,793
2003 $7,167,725,262 $29,667,268,248
2002 $6,333,082,876 $23,649,832,387
2001 $6,096,155,767 $21,387,550,720
2000 $6,570,999,088 $21,230,200,538
1999 $6,309,070,378 $21,899,317,599
1998 $5,550,846,020 $20,150,055,568
1997 $7,793,034,376 $19,563,836,265
1996 $7,663,377,306 $20,895,314,658
1995 $7,700,144,069 $20,853,093,870
1994 $6,467,782,518 $17,701,798,891
1993 $6,203,339,912 $15,925,521,222
1992 $6,327,966,435 $15,518,702,635
1991 $6,284,497,294 $13,834,219,728
1990 $6,039,881,087 $12,778,792,854
1989 $4,983,622,881 $10,037,674,038
1988 $4,535,130,305 $9,418,167,855
1987 $4,918,010,080 $8,320,902,215
1986 $4,190,280,003 $6,685,595,088
1985 $6,967,623,884 $4,577,211,767
1984 $7,632,788,075 $4,438,435,493
1983 $7,927,590,750 $4,524,217,751
1982 $8,932,198,186 $4,602,316,793
1981 $9,367,218,664 $5,053,665,797
1980 $10,795,432,294 $6,019,805,490
1979 $6,044,367,628 $5,516,982,664
1978 $4,100,423,674 $4,718,539,772
1977 $3,681,242,528 $3,789,321,328
1976 $3,054,765,590 $3,423,586,207
1975 $2,496,420,258 $3,123,333,333
1974 $2,319,576,214 $3,183,637,117
1973 $433,095,527 $2,609,875,802
1972 $270,822,782 $1,901,697,370
1971 $197,525,768 $1,518,773,421
1970 $179,078,929 $1,457,768,455
1969 $161,210,236 $1,245,432,991
1968 $160,818,236 $1,075,561,623
1967 $139,029,537 $983,052,315
1966 $132,757,528 $976,717,015
1965 $114,039,501 $929,477,285
1964 - $910,877,686
1963 - $797,902,154
1962 - $747,846,862
1961 - $710,163,719
1960 - $709,941,874

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

GDP per capita in Brunei vs Luxembourg by year

Brunei
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,235 - $147,252 -
2024 $33,153 $89,879 $137,782 $155,941
2023 $32,891 $85,033 $133,231 $150,508
2022 $36,633 $81,802 $123,720 $146,919
2021 $31,007 $78,249 $134,966 $136,772
2020 $26,834 $69,788 $116,860 $122,067
2019 $30,427 $69,354 $112,697 $121,372
2018 $30,988 $65,149 $116,927 $116,638
2017 $28,024 $61,658 $110,193 $114,986
2016 $26,663 $56,680 $106,899 $113,365
2015 $30,625 $62,708 $105,462 $107,860
2014 $41,027 $81,226 $123,679 $105,296
2013 $44,003 $83,237 $120,000 $100,925
2012 $46,969 $87,256 $112,585 $96,636
2011 $46,383 $82,735 $119,025 $94,475
2010 $34,938 $79,543 $110,886 $90,336
2009 $30,946 $77,957 $109,420 $86,919
2008 $42,157 $80,477 $120,422 $90,971
2007 $36,217 $83,693 $107,475 $85,126
2006 $34,675 $86,114 $90,789 $78,861
2005 $29,386 $81,534 $80,988 $68,788
2004 $24,423 $80,404 $76,545 $64,686
2003 $20,678 $79,632 $65,689 $60,192
2002 $18,621 $76,838 $53,006 $58,576
2001 $18,288 $74,254 $48,440 $56,136
2000 $20,130 $73,087 $48,660 $55,136
1999 $19,752 $70,585 $50,872 $49,845
1998 $17,769 $68,257 $47,445 $44,270
1997 $25,522 $73,980 $46,642 $42,488
1996 $25,692 $70,008 $50,444 $39,722
1995 $26,443 $70,440 $51,032 $38,345
1994 $22,767 $69,779 $43,933 $37,551
1993 $22,397 $69,387 $40,067 $35,899
1992 $23,451 $70,016 $39,571 $34,108
1991 $23,932 $72,610 $35,747 $33,191
1990 $23,659 $70,201 $33,465 $29,949
1989 $20,090 - $26,618 -
1988 $18,825 - $25,219 -
1987 $21,030 - $22,443 -
1986 $18,501 - $18,150 -
1985 $31,827 - $12,482 -
1984 $36,061 - $12,127 -
1983 $38,720 - $12,374 -
1982 $45,075 - $12,591 -
1981 $48,793 - $13,837 -
1980 $58,005 - $16,531 -
1979 $33,501 - $15,204 -
1978 $23,447 - $13,034 -
1977 $21,747 - $10,486 -
1976 $18,671 - $9,491 -
1975 $15,793 - $8,701 -
1974 $15,195 - $8,967 -
1973 $2,939 - $7,447 -
1972 $1,905 - $5,487 -
1971 $1,432 - $4,435 -
1970 $1,325 - $4,298 -
1969 $1,226 - $3,690 -
1968 $1,274 - $3,203 -
1967 $1,149 - $2,935 -
1966 $1,146 - $2,925 -
1965 $1,029 - $2,804 -
1964 - - $2,779 -
1963 - - $2,462 -
1962 - - $2,332 -
1961 - - $2,241 -
1960 - - $2,261 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

Brunei's GDP per capita is $32,235, ranking 42/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Luxembourg ranks 1st at $155,941.

Economic indicators

Brunei Luxembourg
Gross domestic product
$15B
2025
$101B
2025
GDP rank
147/197
2025
75/197
2025
GDP growth
0.67%
2024-2025
0.64%
2024-2025
GDP per capita
$32,235
2025
$147,252
2025
GDP per capita rank
42/197
2025
3/197
2025
GDP per capita, PPP
$89,879
2024
$155,941
2024
GDP per capita PPP rank
9/197
2024
1/197
2024
Government debt
$232M
2025
$27.3B
2025
Debt-to-GDP ratio
1.54%
2025
27%
2025
Government debt per person
$498
2025
$39,717
2025
Government debt per person rank
169/185
2025
18/185
2025
Average annual personal income after taxes
$25,392
2026
$71,808
2026
Market capitalization of domestic companies n/a
$69.4B
2025
Number of millionaires n/a
85,000
2026
Number of billionaires n/a
1
2026
Income share by richest 10% n/a
25%
2023
Income share by poorest 10% n/a
2.8%
2023
Government expenditure, % of GDP
29.9%
2025
48.3%
2025
Consumer prices inflation
-0.3%
2024-2025
2.26%
2024-2025
Unemployment rate
4.87%
2024
6.5%
2025
Population
471596
697802

Spending and national debt comparison by year

Brunei
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Brunei Luxembourg
Government spending Government debt Government spending Government debt
2025 29.9% 1.54% 48.3% 27%
2024 30.3% 1.57% 46.8% 26.3%
2023 30.1% 1.67% 46.4% 24.7%
2022 26.1% 1.33% 44.3% 24.9%
2021 30.1% 1.43% 42.4% 24.2%
2020 32.8% 2.16% 47% 24.5%
2019 32.1% 1.82% 43.1% 22.3%
2018 32.9% 1.9% 42.3% 20.9%
2017 36.6% 2.58% 41.3% 21.8%
2016 39.8% 3% 40% 19.6%
2015 37% 2.95% 40.4% 21.1%
2014 34% 3.23% 40.6% 21.9%
2013 33.4% 2.21% 41.2% 22.4%
2012 31.1% 2.1% 41.8% 20.8%
2011 29.9% 2.13% 41.5% 18.5%
2010 25.5% 1.11% 42% 19.1%
2009 34.8% 1.11% 42.7% 15.3%
2008 27.2% 0.94% 37.9% 14.6%
2007 29.3% 0.68% 37.4% 8.09%
2006 28% 0.59% 39.4% 8.21%
2005 29.1% 0% 43.4% 7.95%
2004 33.2% 0% 43.7% 7.83%
2003 30.9% 0% 43.3% 7.43%
2002 41.4% 0% 41.8% 7.45%
2001 35.5% 0% 38.1% 7.62%
2000 37.5% 0% 38% 7.49%
1999 44.1% 0% 41.7% 8.39%
1998 45.4% 0% 43.9% 9.51%
1997 39% 0% 44.2% 10.1%
1996 36.9% 0% 42.5% 10.2%
1995 44% 0% 42% 10.3%
1994 47.1% 0% - -
1993 38% 0% - -
1992 34.1% 0% - -
1991 30.6% 0% - -
1990 32% 0% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

In 2025, Brunei's government spending was $4.5B, accounting for 29.9% of its GDP, while Luxembourg spent $48.8B, or 48.3% of GDP.

Debt-to-GDP ratio is 1.54% in Brunei and 27% in Luxembourg, ranking 185/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Luxembourg
1x
Year Deficit/surplus, % of GDP
Brunei Luxembourg
2025 -13.4% -0.96%
2024 -12.9% 0.89%
2023 -8.62% -0.65%
2022 -0.25% 0.21%
2021 -8.34% 1.11%
2020 -16.2% -3.09%
2019 -4.16% 2.68%
2018 -2.9% 3.17%
2017 -13.8% 1.37%
2016 -16.7% 1.89%
2015 -11.4% 1.3%
2014 1.25% 1.33%
2013 10.4% 0.84%
2012 19.5% 0.5%
2011 21.5% 0.65%
2010 11.3% -0.26%
2009 3.61% -0.21%
2008 36.1% 3.37%
2007 3.12% 4.35%
2006 19.8% 1.9%
2005 16% -0.21%
2004 8.57% -1.39%
2003 8.06% 0.28%
2002 -4.61% 2.03%
2001 2.59% 5.62%
2000 6.86% 5.55%
1999 -18.3% 3.24%
1998 -24% 2.98%
1997 -11.8% 2.65%
1996 -8.7% 2.37%
1995 -19.8% 2.71%
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

In 2025, Brunei's government deficit, the difference between spending and revenue, was $2.02B, equivalent to 13.4% of GDP. This compares to Luxembourg's deficit of $976M, or 0.96% of GDP.

Over the past 31 years, Brunei recorded a fiscal deficit in 17 of those years, while Luxembourg ran a deficit in 7 years. On average, Brunei posted an annual deficit equal to 0.87% of GDP, compared to surplus of 1.49% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Brunei

Luxembourg
1x
Year Consumer prices inflation
Brunei Luxembourg
2025 -0.3% 2.26%
2024 -0.39% 2.05%
2023 0.36% 3.74%
2022 3.68% 6.34%
2021 1.73% 2.53%
2020 1.94% 0.82%
2019 -0.39% 1.74%
2018 1.03% 1.53%
2017 -1.26% 1.73%
2016 -0.28% 0.29%
2015 -0.49% 0.47%
2014 -0.21% 0.63%
2013 0.39% 1.73%
2012 0.11% 2.66%
2011 0.14% 3.41%
2010 0.36% 2.27%
2009 1.04% 0.37%
2008 2.08% 3.4%
2007 0.97% 2.31%
2006 0.16% 2.67%
2005 1.24% 2.49%
2004 0.81% 2.23%
2003 0.3% 2.05%
2002 -2.31% 2.07%
2001 0.6% 2.66%
2000 1.56% 3.15%
1999 -0.42% 1.03%
1998 -0.44% 0.96%
1997 1.71% 1.37%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

Over the past 29 years, Brunei has recorded an average annual inflation rate of 0.47%, compared with 2.1% in Luxembourg. In 2025, inflation was -0.3% in Brunei and 2.26% in Luxembourg.

Top exports between countries

Brunei
Export category Export value
Luxembourg
Export category Export value
Machinery & equipment $344K
Metals $34K
Chemicals & pharma $25K
Miscellaneous $8K
Textiles & consumer goods $1K

Balance of trade

Brunei Luxembourg
Current account balance
$2.71B
2025
$5.29B
2025
Current account balance ranking
40/190
2025
31/190
2025
Current account balance, % of GDP
+18%
2025
+5.23%
2025
Goods imports
$6.28B
2025
$30.9B
2025
Goods exports
$10.3B
2025
$33B
2025
Service imports
$1.54B
2025
$133B
2025
Service exports
$463M
2025
$167B
2025
Imports of goods and services, % of GDP
52%
2025
159.4%
2025
Exports of goods and services, % of GDP
71.6%
2025
190.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Brunei Luxembourg
Economic freedom 67.5 79.7
Economic freedom ranking 55/197 7/197
Property rights 66.1 96.6
Government integrity 60.4 88.7
Judicial effectiveness 48.6 99.1
Tax burden 95 62.3
Government spending 75.6 36.9
Fiscal health 39 98.6
Business freedom 75.3 89.5
Labor freedom 75.1 56.7
Monetary freedom 74.8 74.1
Trade freedom 84.6 79.4
Investment freedom 65 95
Financial freedom 50 80

Economic freedom comparison by year

Brunei
Luxembourg
1x
Year Economic freedom index
Brunei Luxembourg
2026 67.5 79.7
2025 67 79.5
2024 65.9 79.2
2023 65.7 78.4
2022 64.8 80.6
2021 66.6 76
2020 66.6 75.8
2019 65.1 75.9
2018 64.2 76.4
2017 69.8 75.9
2016 67.3 73.9
2015 68.9 73.2
2014 69 74.2
2013 - 74.2
2012 - 74.5
2011 - 76.2
2010 - 75.4
2009 - 75.2
2008 - 74.7
2007 - 74.6
2006 - 75.3
2005 - 76.3
2004 - 78.9
2003 - 79.9
2002 - 79.4
2001 - 80.1
2000 - 76.4
1999 - 72.4
1998 - 72.7
1997 - 72.8
1996 - 72.5

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brunei Luxembourg
Services, % of GDP
40.2%
2025
81.4%
2025
Industry, % of GDP
60%
2025
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
1.18%
2025
0.23%
2025
GNI, Atlas method
$16.2B
2025
$65.8B
2025
GNI per capita, PPP
$95,420
2025
$106,640
2025
Total reserves including gold
$5.49B
2025
$3.06B
2025
Total reserves ranking
100/177
2025
120/177
2025
Net foreign direct investment
-$157M
2025
$196B
2025
Net inflows of foreign direct investment
$29.1M
2024
$106B
2024
Net outflows of foreign direct investment
$0
2024
$109B
2024
Poverty at national poverty lines n/a
17.3%
2021
Gross capital formation, % of GDP
27.1%
2025
15.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/luxembourg | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.