Finland vs Luxembourg: Economic Indicators Comparison

Finland with a GDP of $276.7B ranked the 43rd largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Finland and Luxembourg ranked 148th vs 88th and 17th vs 3rd, respectively.

Gross Domestic Product & Income

StatFinlandLuxembourg
GDP$276.7B$70.9B
GDP growth, 1 year2.4%3%
GDP growth, 5-years average1.4%3%
Population5.5M626k
GDP per capita$50k$117k
GDP per capita growth1.49%1.18%
Purchasing Power Parity conversion factor0.880.87
Price level ratio of PPP conversion factor GDP to market exchange rate1.041.03
GDP per capita, PPP adjusted$46k$107k
GNI, Atlas method$266.4B$43.1B
GNI per capita$48k$71k
GNI, PPP adjusted$268.1B$43.9B
GNI per capita, PPP adjusted$49k$72k

Financial system and Human development

StatFinlandLuxembourg
Income Tax Rate31.3%42%
Corporate Tax Rate20%18%
Inflation, consumer prices1.2%2%
Inflation, GDP deflator2.1%2.5%
Unemployment7.8%5.5%
Economic Freedom Index75.775.8
Personal Freedom Index9.59.1
Human Freedom Index8.78.46
Property Rights Index92.386.4
Judical Effectiveness Index80.574.4
Business Freedom Index84.866.8
Fiscal Health Index90.799
Labor Freedom Index50.345.3
Investment Freedom Index8595
Financial Freedom Index8080
Trade Freedom Index86.486.4
Monetary Freedom Index83.676.4
Government Spending Index11.245.4
Tax Burden Index67.564.1
Government Integrity Index96.190.3
Corruption Perceptions Index8581
Life expectancy at birth, years81.482.7
Suicide mortality rate, per 100,000 people15.913.5
Mortality caused by road traffic injury, per 100,000 people4.76.3
Intentional homicides, per 100,000 people1.20.3
International tourism, number of arrivals3.2M1M

Government debt & reserves

StatFinlandLuxembourg
Central government debt, % of GDP60.5%21.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI10.2%20.9%
Gross savings, % of GDP23.9%17.4%
Gross capital formation, % of GDP24.9%17.6%
Total reserves including gold$10.3B$938.9M
Foreign direct investment net inflows-$4.9B-$5.6B

Exports, imports and economic structure

StatFinlandLuxembourg
Exports of goods and services, % of GDP38.6%211.6%
Imports of goods and services, % of GDP39.3%175.5%
Current account balance (balance of payments)-$4.5B$3.4B
Revenue excluding grants, % of GDP36.6%40.9%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$949.7M$2.1B
Industry including construction value added, % of GDP24.5%11.8%
Agriculture, forestry and fishing value added, % of GDP2.5%0.2%
Charges for the use of intellectual property, payments BoP$1.1B$5B
Charges for the use of intellectual property, receipts BoP$3.4B$2.4B
Expense, % of GDP37.9%38.7%
Government Expenditure, % of GDP54.4%42.7%

Compare with countries close by GDP per capita

Finland vs

CountryGDP
per capita
Population
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
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
Brunei
$32k
429k
South Korea
$31k
51.5M

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
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
Brunei
$32k
429k