Burkina Faso vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Burkina Faso ranked 129th with $14.1B. By GDP 5-years average growth and GDP per capita, Luxembourg and Burkina Faso ranked 88th vs 28th and 3rd vs 184th, respectively.

Gross Domestic Product & Income

StatBurkina FasoLuxembourg
GDP$14.1B$70.9B
GDP growth, 1 year6%3%
GDP growth, 5-years average5.3%3%
Population19.2M626k
GDP per capita$715$117k
GDP per capita growth3.81%1.18%
Purchasing Power Parity conversion factor200.220.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.361.03
GDP per capita, PPP adjusted$2k$107k
GNI, Atlas method$13.3B$43.1B
GNI per capita$670$71k
GNI, PPP adjusted$38.9B$43.9B
GNI per capita, PPP adjusted$2k$72k

Financial system and Human development

StatBurkina FasoLuxembourg
Income Tax Rate27.5%42%
Corporate Tax Rate28%18%
Inflation, consumer prices2%2%
Inflation, GDP deflator2.4%2.5%
Unemployment6.1%5.5%
Economic Freedom Index56.775.8
Personal Freedom Index7.639.1
Human Freedom Index6.848.46
Property Rights Index46.986.4
Judical Effectiveness Index42.674.4
Business Freedom Index47.666.8
Fiscal Health Index49.299
Labor Freedom Index52.145.3
Investment Freedom Index6595
Financial Freedom Index4080
Trade Freedom Index61.886.4
Monetary Freedom Index82.476.4
Government Spending Index7745.4
Tax Burden Index81.364.1
Government Integrity Index34.190.3
Corruption Perceptions Index4181
Life expectancy at birth, years60.882.7
Suicide mortality rate, per 100,000 people7.713.5
Mortality caused by road traffic injury, per 100,000 people30.56.3
Intentional homicides, per 100,000 people1.30.3
International tourism, number of arrivals144k1M

Government debt & reserves

StatBurkina FasoLuxembourg
Central government debt, % of GDP43%21.8%
External debt stocks, % of GNI23.4%N/A
External debt stocks$3.3BN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary income3.5%N/A
Adjusted net savings including particulate emission damage, % of GNI-9%20.9%
Gross savings, % of GDP19.1%17.4%
Gross capital formation, % of GDP24.7%17.6%
Total reserves including goldN/A$938.9M
Foreign direct investment net inflows$480M-$5.6B

Exports, imports and economic structure

StatBurkina FasoLuxembourg
Exports of goods and services, % of GDP30.8%211.6%
Imports of goods and services, % of GDP37.2%175.5%
Current account balance (balance of payments)-$894.1M$3.4B
Revenue excluding grants, % of GDP18.9%40.9%
Grants excluding technical cooperation, BoP$720.7MN/A
Personal remittances received$455.7M$2.1B
Industry including construction value added, % of GDP19.5%11.8%
Agriculture, forestry and fishing value added, % of GDP28%0.2%
Charges for the use of intellectual property, payments BoP$438k$5B
Charges for the use of intellectual property, receipts BoP$725k$2.4B
Expense, % of GDP19.5%38.7%
Government Expenditure, % of GDP27.7%42.7%

Compare with countries close by GDP per capita

Burkina Faso vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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