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Economy of El Salvador vs Luxembourg compared: GDP & Debt

Updated on by Georank

El Salvador has a GDP of $36.7B compared to $101B for Luxembourg, ranking 108/197 and 75/197 by economy size, respectively.

El Salvador has $32B in government debt (87.2% of GDP), compared to $27.3B (27% of GDP) in Luxembourg.

El Salvador vs Luxembourg GDP by year

El Salvador
Luxembourg
1x
Year GDP, current $
El Salvador Luxembourg
2025 $36,708,110,000 $101,157,829,491
2024 $34,879,730,000 $93,279,851,863
2023 $33,565,430,000 $88,788,881,539
2022 $31,870,110,000 $80,801,680,397
2021 $29,043,140,000 $86,386,759,695
2020 $24,921,190,000 $73,670,782,100
2019 $26,881,140,000 $69,872,035,114
2018 $26,020,850,000 $71,085,623,495
2017 $24,979,190,000 $65,712,180,343
2016 $24,191,430,000 $62,216,885,436
2015 $23,438,240,000 $60,071,584,216
2014 $22,593,470,000 $68,804,814,555
2013 $21,990,960,000 $65,203,276,467
2012 $21,386,150,000 $59,776,383,527
2011 $20,283,780,000 $61,696,281,326
2010 $18,447,920,000 $56,213,985,987
2009 $17,601,620,000 $54,467,289,898
2008 $17,986,890,000 $58,844,277,702
2007 $17,011,750,000 $51,587,401,416
2006 $15,999,890,000 $42,910,153,830
2005 $14,698,000,000 $37,672,311,223
2004 $13,724,810,900 $35,064,843,793
2003 $13,243,892,200 $29,667,268,248
2002 $12,664,190,300 $23,649,832,387
2001 $12,282,533,600 $21,387,550,720
2000 $11,784,927,700 $21,230,200,538
1999 $11,284,197,000 $21,899,317,599
1998 $10,936,669,900 $20,150,055,568
1997 $10,221,705,900 $19,563,836,265
1996 $9,586,327,800 $20,895,314,658
1995 $8,921,947,100 $20,853,093,870
1994 $7,679,384,000 $17,701,798,891
1993 $6,680,269,200 $15,925,521,222
1992 $5,813,399,300 $15,518,702,635
1991 $5,252,342,400 $13,834,219,728
1990 $4,817,542,204 $12,778,792,854
1989 $4,372,215,300 $10,037,674,038
1988 $4,189,880,000 $9,418,167,855
1987 $3,958,045,800 $8,320,902,215
1986 $3,771,663,200 $6,685,595,088
1985 $3,800,368,600 $4,577,211,767
1984 $3,661,683,400 $4,438,435,493
1983 $3,506,347,800 $4,524,217,751
1982 $3,399,189,100 $4,602,316,793
1981 $3,437,200,200 $5,053,665,797
1980 $3,573,959,900 $6,019,805,490
1979 $3,463,639,900 $5,516,982,664
1978 $3,127,960,000 $4,718,539,772
1977 $2,941,640,100 $3,789,321,328
1976 $2,328,280,100 $3,423,586,207
1975 $1,884,120,100 $3,123,333,333
1974 $1,665,880,000 $3,183,637,117
1973 $1,442,320,000 $2,609,875,802
1972 $1,263,720,000 $1,901,697,370
1971 $1,186,120,000 $1,518,773,421
1970 $1,132,920,000 $1,457,768,455
1969 $1,049,400,000 $1,245,432,991
1968 $1,009,760,100 $1,075,561,623
1967 $976,200,000 $983,052,315
1966 $929,520,000 $976,717,015
1965 $877,720,000 $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/el-salvador/luxembourg | CC BY

GDP per capita in El Salvador vs Luxembourg by year

El Salvador
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,767 - $147,252 -
2024 $5,503 $13,264 $137,782 $155,941
2023 $5,320 $12,680 $133,231 $150,508
2022 $5,075 $11,876 $123,720 $146,919
2021 $4,643 $10,810 $134,966 $136,772
2020 $3,997 $9,393 $116,860 $122,067
2019 $4,320 $9,757 $112,697 $121,372
2018 $4,184 $9,204 $116,927 $116,638
2017 $4,020 $8,965 $110,193 $114,986
2016 $3,901 $8,456 $106,899 $113,365
2015 $3,790 $7,934 $105,462 $107,860
2014 $3,666 $7,504 $123,679 $105,296
2013 $3,582 $7,093 $120,000 $100,925
2012 $3,498 $6,708 $112,585 $96,636
2011 $3,331 $6,594 $119,025 $94,475
2010 $3,040 $6,248 $110,886 $90,336
2009 $2,910 $6,063 $109,420 $86,919
2008 $2,983 $6,175 $120,422 $90,971
2007 $2,831 $5,949 $107,475 $85,126
2006 $2,666 $5,695 $90,789 $78,861
2005 $2,447 $5,292 $80,988 $68,788
2004 $2,286 $4,998 $76,545 $64,686
2003 $2,208 $4,829 $65,689 $60,192
2002 $2,115 $4,672 $53,006 $58,576
2001 $2,058 $4,543 $48,440 $56,136
2000 $1,983 $4,422 $48,660 $55,136
1999 $1,908 $4,298 $50,872 $49,845
1998 $1,860 $4,171 $47,445 $44,270
1997 $1,749 $4,043 $46,642 $42,488
1996 $1,651 $3,880 $50,444 $39,722
1995 $1,548 $3,808 $51,032 $38,345
1994 $1,344 $3,591 $43,933 $37,551
1993 $1,180 $3,390 $40,067 $35,899
1992 $1,041 $3,171 $39,571 $34,108
1991 $956 $2,945 $35,747 $33,191
1990 $892 $2,856 $33,465 $29,949
1989 $825 - $26,618 -
1988 $806 - $25,219 -
1987 $777 - $22,443 -
1986 $755 - $18,150 -
1985 $776 - $12,482 -
1984 $763 - $12,127 -
1983 $745 - $12,374 -
1982 $735 - $12,591 -
1981 $752 - $13,837 -
1980 $787 - $16,531 -
1979 $773 - $15,204 -
1978 $712 - $13,034 -
1977 $684 - $10,486 -
1976 $553 - $9,491 -
1975 $457 - $8,701 -
1974 $413 - $8,967 -
1973 $366 - $7,447 -
1972 $329 - $5,487 -
1971 $316 - $4,435 -
1970 $309 - $4,298 -
1969 $293.4 - $3,690 -
1968 $290.1 - $3,203 -
1967 $288.4 - $2,935 -
1966 $282.4 - $2,925 -
1965 $274.3 - $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/el-salvador/luxembourg | CC BY

El Salvador's GDP per capita is $5,767, ranking 117/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Luxembourg ranks 1st at $155,941.

Economic indicators

El Salvador Luxembourg
Gross domestic product
$36.7B
2025
$101B
2025
GDP rank
108/197
2025
75/197
2025
GDP growth
3.91%
2024-2025
0.64%
2024-2025
GDP per capita
$5,767
2025
$147,252
2025
GDP per capita rank
117/197
2025
3/197
2025
GDP per capita, PPP
$13,264
2024
$155,941
2024
GDP per capita PPP rank
120/197
2024
1/197
2024
Government debt
$32B
2025
$27.3B
2025
Debt-to-GDP ratio
87.2%
2025
27%
2025
Government debt per person
$5,030
2025
$39,717
2025
Government debt per person rank
86/185
2025
18/185
2025
Average annual personal income after taxes
$5,010
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%
29.7%
2023
25%
2023
Income share by poorest 10%
1.9%
2023
2.8%
2023
Government expenditure, % of GDP
30.2%
2025
48.3%
2025
Consumer prices inflation
0.26%
2024-2025
2.26%
2024-2025
Unemployment rate
2.71%
2024
6.5%
2025
Population
6404781
697802

Spending and national debt comparison by year

El Salvador
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
El Salvador Luxembourg
Government spending Government debt Government spending Government debt
2025 30.2% 87.2% 48.3% 27%
2024 31.4% 87.4% 46.8% 26.3%
2023 30.5% 85% 46.4% 24.7%
2022 28.7% 83.7% 44.3% 24.9%
2021 31.1% 88% 42.4% 24.2%
2020 32.7% 95.4% 47% 24.5%
2019 27.8% 77.9% 43.1% 22.3%
2018 27.6% 77% 42.3% 20.9%
2017 28.1% 77.1% 41.3% 21.8%
2016 27.5% 75.2% 40% 19.6%
2015 27.1% 73.5% 40.4% 21.1%
2014 27.6% 71.8% 40.6% 21.9%
2013 28.5% 69.7% 41.2% 22.4%
2012 27.4% 70% 41.8% 20.8%
2011 25.3% 65.6% 41.5% 18.5%
2010 25.6% 66.8% 42% 19.1%
2009 26% 65.8% 42.7% 15.3%
2008 24.5% 54.2% 37.9% 14.6%
2007 22.8% 52.2% 37.4% 8.09%
2006 23.4% 52.6% 39.4% 8.21%
2005 22.4% 46.3% 43.4% 7.95%
2004 21.5% 46.8% 43.7% 7.83%
2003 22.6% 46% 43.3% 7.43%
2002 22.5% 43.8% 41.8% 7.45%
2001 21.7% 37.8% 38.1% 7.62%
2000 21% 29.6% 38% 7.49%
1999 19.7% 28% 41.7% 8.39%
1998 19.3% 25.7% 43.9% 9.51%
1997 18.6% 27.8% 44.2% 10.1%
1996 21% 28.5% 42.5% 10.2%
1995 18.6% 28% 42% 10.3%
1994 18.9% 30.5% - -
1993 18.5% 31.9% - -
1992 20.8% 36.4% - -
1991 18.5% 43.3% - -
1990 15.9% - - -

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

GeoRank.org/economy/el-salvador/luxembourg | CC BY

In 2025, El Salvador's government spending was $11.1B, accounting for 30.2% of its GDP, while Luxembourg spent $48.8B, or 48.3% of GDP.

Debt-to-GDP ratio is 87.2% in El Salvador and 27% in Luxembourg, ranking 32/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Luxembourg
1x
Year Deficit/surplus, % of GDP
El Salvador Luxembourg
2025 -2.82% -0.96%
2024 -4.55% 0.89%
2023 -4.69% -0.65%
2022 -2.68% 0.21%
2021 -5.53% 1.11%
2020 -8.14% -3.09%
2019 -3.07% 2.68%
2018 -2.71% 3.17%
2017 -2.53% 1.37%
2016 -3.1% 1.89%
2015 -3.63% 1.3%
2014 -4.02% 1.33%
2013 -4.46% 0.84%
2012 -3.81% 0.5%
2011 -4.47% 0.65%
2010 -4.97% -0.26%
2009 -6.65% -0.21%
2008 -3.8% 3.37%
2007 -2.32% 4.35%
2006 -3.42% 1.9%
2005 -3.47% -0.21%
2004 -2.76% -1.39%
2003 -4.23% 0.28%
2002 -5.5% 2.03%
2001 -4.95% 5.62%
2000 -3.45% 5.55%
1999 -3.08% 3.24%
1998 -2.94% 2.98%
1997 -1.97% 2.65%
1996 -2.7% 2.37%
1995 -0.18% 2.71%
1994 -0.94% -
1993 -1.42% -
1992 -4.29% -
1991 -2.3% -
1990 -0.61% -

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

GeoRank.org/economy/el-salvador/luxembourg | CC BY

In 2025, El Salvador's government deficit, the difference between spending and revenue, was $1.03B, equivalent to 2.82% of GDP. This compares to Luxembourg's deficit of $976M, or 0.96% of GDP.

Over the past 31 years, El Salvador recorded a fiscal deficit in 31 of those years, while Luxembourg ran a deficit in 7 years. On average, El Salvador posted an annual deficit equal to 3.76% of GDP, compared to surplus of 1.49% of GDP for Luxembourg.

Inflation comparison by year

Inflation
El Salvador

Luxembourg
1x
Year Consumer prices inflation
El Salvador Luxembourg
2025 0.26% 2.26%
2024 0.85% 2.05%
2023 4.05% 3.74%
2022 7.2% 6.34%
2021 3.47% 2.53%
2020 -0.37% 0.82%
2019 0.08% 1.74%
2018 1.09% 1.53%
2017 1.01% 1.73%
2016 0.6% 0.29%
2015 -0.73% 0.47%
2014 1.14% 0.63%
2013 0.76% 1.73%
2012 1.73% 2.66%
2011 5.13% 3.41%
2010 1.18% 2.27%
2009 1.06% 0.37%
2008 6.71% 3.4%
2007 4.58% 2.31%
2006 4.04% 2.67%
2005 4.69% 2.49%
2004 4.45% 2.23%
2003 2.12% 2.05%
2002 1.87% 2.07%
2001 3.75% 2.66%
2000 2.27% 3.15%
1999 0.51% 1.03%
1998 2.55% 0.96%
1997 4.49% 1.37%

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

GeoRank.org/economy/el-salvador/luxembourg | CC BY

Over the past 29 years, El Salvador has recorded an average annual inflation rate of 2.43%, compared with 2.1% in Luxembourg. In 2025, inflation was 0.26% in El Salvador and 2.26% in Luxembourg.

Top exports between countries

El Salvador
Export category Export value
Textiles & consumer goods $1K
Luxembourg
Export category Export value
Machinery & equipment $107K
Metals $77K
Miscellaneous $8K
Chemicals & pharma $3K
Wood & paper products $2K
Processed food, beverages & tobacco $1K
Raw materials & minerals $1K
Textiles & consumer goods $1K

Balance of trade

El Salvador Luxembourg
Current account balance
-$1.3B
2025
$5.29B
2025
Current account balance ranking
125/190
2025
31/190
2025
Current account balance, % of GDP
-3.54%
2025
+5.23%
2025
Goods imports
$16.7B
2025
$30.9B
2025
Goods exports
$5.55B
2025
$33B
2025
Service imports
$3.94B
2025
$133B
2025
Service exports
$6.21B
2025
$167B
2025
Imports of goods and services, % of GDP
56.1%
2025
159.4%
2025
Exports of goods and services, % of GDP
32%
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.

El Salvador Luxembourg
Economic freedom 57.7 79.7
Economic freedom ranking 114/197 7/197
Property rights 42.7 96.6
Government integrity 31.5 88.7
Judicial effectiveness 15.3 99.1
Tax burden 76.8 62.3
Government spending 72.7 36.9
Fiscal health 59.4 98.6
Business freedom 65.7 89.5
Labor freedom 51.6 56.7
Monetary freedom 70.6 74.1
Trade freedom 76.4 79.4
Investment freedom 70 95
Financial freedom 60 80

Economic freedom comparison by year

El Salvador
Luxembourg
1x
Year Economic freedom index
El Salvador Luxembourg
2026 57.7 79.7
2025 56.6 79.5
2024 54.4 79.2
2023 56 78.4
2022 59.6 80.6
2021 61 76
2020 61.6 75.8
2019 61.8 75.9
2018 63.2 76.4
2017 64.1 75.9
2016 65.1 73.9
2015 65.7 73.2
2014 66.2 74.2
2013 66.7 74.2
2012 68.7 74.5
2011 68.8 76.2
2010 69.9 75.4
2009 69.8 75.2
2008 68.5 74.7
2007 68.9 74.6
2006 69.6 75.3
2005 71.5 76.3
2004 71.2 78.9
2003 71.5 79.9
2002 73 79.4
2001 73 80.1
2000 76.3 76.4
1999 75.1 72.4
1998 70.2 72.7
1997 70.5 72.8
1996 70.1 72.5
1995 69.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/el-salvador/luxembourg | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, 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

El Salvador Luxembourg
Services, % of GDP
58.9%
2025
81.4%
2025
Industry, % of GDP
24.5%
2025
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
4.4%
2025
0.23%
2025
GNI, Atlas method
$34.4B
2025
$65.8B
2025
GNI per capita, PPP
$13,140
2025
$106,640
2025
Total reserves including gold
$4.82B
2025
$3.06B
2025
Total reserves ranking
107/177
2025
120/177
2025
Net foreign direct investment
-$445M
2025
$196B
2025
Net inflows of foreign direct investment
$1.05B
2024
$106B
2024
Net outflows of foreign direct investment
$310M
2024
$109B
2024
Servicing debt to the IMF, % of GNI
35.5%
2024
n/a
Poverty at national poverty lines
27.2%
2023
17.3%
2021
Gross capital formation, % of GDP
26.3%
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/el-salvador/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 (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.