Eritrea vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Luxembourg and Eritrea ranked 88th vs 79th and 3rd vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaLuxembourg
GDP$2.6B$70.9B
GDP growth, 1 year4.2%3%
GDP growth, 5-years average3.3%3%
Population3.5M626k
GDP per capita$811$117k
GDP per capita growth7.21%1.18%
Purchasing Power Parity conversion factor5.930.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.391.03
GDP per capita, PPP adjusted$1.7k$107k
GNI, Atlas method$2.3B$43.1B
GNI per capita$720$71k
GNI, PPP adjusted$6.7B$43.9B
GNI per capita, PPP adjusted$2.1k$72k

Financial system and Human development

StatEritreaLuxembourg
Income Tax Rate30%42%
Corporate Tax Rate30%18%
Inflation, consumer prices9%2%
Inflation, GDP deflator13.3%2.5%
Unemployment6.5%5.5%
Economic Freedom Index38.575.8
Personal Freedom Index4.89.1
Human Freedom Index4.88.46
Property Rights Index32.586.4
Judical Effectiveness Index14.374.4
Business Freedom Index18.266.8
Fiscal Health Index099
Labor Freedom Index69.745.3
Investment Freedom Index095
Financial Freedom Index2080
Trade Freedom Index69.286.4
Monetary Freedom Index6176.4
Government Spending Index74.745.4
Tax Burden Index81.464.1
Government Integrity Index21.490.3
Corruption Perceptions Index2481
Life expectancy at birth, years65.582.7
Suicide mortality rate, per 100,000 people7.913.5
Mortality caused by road traffic injury, per 100,000 people25.36.3
Intentional homicides, per 100,000 people80.3
International tourism, number of arrivals142k1M

Government debt & reserves

StatEritreaLuxembourg
Central government debt, % of GDP129.4%21.8%
External debt stocks, % of GNI40.8%N/A
External debt stocks$791.2MN/A
Short-term debt, % of total reserves16%N/A
Total debt service, % of exports and primary income4.3%N/A
Adjusted net savings including particulate emission damage, % of GNI0.5%20.9%
Gross savings, % of GDP15.8%17.4%
Gross capital formation, % of GDP10%17.6%
Total reserves including gold$114.8M$938.9M
Foreign direct investment net inflows$61M-$5.6B

Exports, imports and economic structure

StatEritreaLuxembourg
Exports of goods and services, % of GDP14.4%211.6%
Imports of goods and services, % of GDP23.2%175.5%
Current account balance (balance of payments)-$104.7M$3.4B
Revenue excluding grants, % of GDPN/A40.9%
Grants excluding technical cooperation, BoP$82MN/A
Personal remittances received$3.3M$2.1B
Industry including construction value added, % of GDP21.8%11.8%
Agriculture, forestry and fishing value added, % of GDP14.1%0.2%
Charges for the use of intellectual property, payments BoP$281k$5B
Charges for the use of intellectual property, receipts BoP$94k$2.4B
Expense, % of GDPN/A38.7%
Government Expenditure, % of GDP29.1%42.7%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
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
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
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

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