The Gambia vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while the Gambia ranked 178th with $1.6B. By GDP 5-years average growth and GDP per capita, Luxembourg and the Gambia ranked 88th vs 80th and 3rd vs 183rd, respectively.

Gross Domestic Product & Income

StatGambiaLuxembourg
GDP$1.6B$70.9B
GDP growth, 1 year6.6%3%
GDP growth, 5-years average3.3%3%
Population2.1M626k
GDP per capita$716$117k
GDP per capita growth3.45%1.18%
Purchasing Power Parity conversion factor13.20.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.271.03
GDP per capita, PPP adjusted$2.8k$107k
GNI, Atlas method$1.6B$43.1B
GNI per capita$710$71k
GNI, PPP adjusted$5.8B$43.9B
GNI per capita, PPP adjusted$2.6k$72k

Financial system and Human development

StatGambiaLuxembourg
Income Tax Rate35%42%
Corporate Tax Rate32%18%
Inflation, consumer prices6.5%2%
Inflation, GDP deflator5.2%2.5%
Unemployment8.9%5.5%
Economic Freedom Index56.375.8
Personal Freedom Index5.869.1
Human Freedom Index6.528.46
Property Rights Index43.986.4
Judical Effectiveness Index43.474.4
Business Freedom Index53.566.8
Fiscal Health Index25.399
Labor Freedom Index67.445.3
Investment Freedom Index6595
Financial Freedom Index5080
Trade Freedom Index64.686.4
Monetary Freedom Index63.376.4
Government Spending Index85.645.4
Tax Burden Index74.664.1
Government Integrity Index39.290.3
Corruption Perceptions Index3781
Life expectancy at birth, years61.482.7
Suicide mortality rate, per 100,000 people5.113.5
Mortality caused by road traffic injury, per 100,000 people29.76.3
Intentional homicides, per 100,000 people9.10.3
International tourism, number of arrivals552k1M

Government debt & reserves

StatGambiaLuxembourg
Central government debt, % of GDP83.2%21.8%
External debt stocks, % of GNI42.7%N/A
External debt stocks$681.4MN/A
Short-term debt, % of total reserves9.4%N/A
Total debt service, % of exports and primary income16.8%N/A
Adjusted net savings including particulate emission damage, % of GNI-12.7%20.9%
Gross savings, % of GDP8.6%17.4%
Gross capital formation, % of GDP17%17.6%
Total reserves including gold$191.8M$938.9M
Foreign direct investment net inflows$33M-$5.6B

Exports, imports and economic structure

StatGambiaLuxembourg
Exports of goods and services, % of GDP21.9%211.6%
Imports of goods and services, % of GDP41.5%175.5%
Current account balance (balance of payments)-$78.6M$3.4B
Revenue excluding grants, % of GDP10.1%40.9%
Grants excluding technical cooperation, BoP$126MN/A
Personal remittances received$203.6M$2.1B
Industry including construction value added, % of GDP15.6%11.8%
Agriculture, forestry and fishing value added, % of GDP19.9%0.2%
Charges for the use of intellectual property, payments BoPN/A$5B
Charges for the use of intellectual property, receipts BoPN/A$2.4B
Expense, % of GDP10.7%38.7%
Government Expenditure, % of GDP21.9%42.7%

Compare with countries close by GDP per capita

Gambia 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
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
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