Ghana vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Ghana ranked 73rd with $65.6B. By GDP 5-years average growth and GDP per capita, Luxembourg and Ghana ranked 88th vs 46th and 3rd vs 142nd, respectively.

Gross Domestic Product & Income

StatGhanaLuxembourg
GDP$65.6B$70.9B
GDP growth, 1 year5.6%3%
GDP growth, 5-years average4.5%3%
Population26.9M626k
GDP per capita$2.2k$117k
GDP per capita growth3.96%1.18%
Purchasing Power Parity conversion factor2.130.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.461.03
GDP per capita, PPP adjusted$6.5k$107k
GNI, Atlas method$63.4B$43.1B
GNI per capita$2.1k$71k
GNI, PPP adjusted$138.5B$43.9B
GNI per capita, PPP adjusted$4.7k$72k

Financial system and Human development

StatGhanaLuxembourg
Income Tax Rate35%42%
Corporate Tax Rate25%18%
Inflation, consumer prices9.8%2%
Inflation, GDP deflator10.2%2.5%
Unemployment6.7%5.5%
Economic Freedom Index59.475.8
Personal Freedom Index7.649.1
Human Freedom Index7.218.46
Property Rights Index52.586.4
Judical Effectiveness Index46.174.4
Business Freedom Index58.466.8
Fiscal Health Index35.699
Labor Freedom Index59.345.3
Investment Freedom Index7095
Financial Freedom Index6080
Trade Freedom Index63.886.4
Monetary Freedom Index68.976.4
Government Spending Index88.145.4
Tax Burden Index78.464.1
Government Integrity Index32.290.3
Corruption Perceptions Index4181
Life expectancy at birth, years63.582.7
Suicide mortality rate, per 100,000 people5.413.5
Mortality caused by road traffic injury, per 100,000 people24.96.3
Intentional homicides, per 100,000 people2.10.3
International tourism, number of arrivals897k1M

Government debt & reserves

StatGhanaLuxembourg
Central government debt, % of GDP59.6%21.8%
External debt stocks, % of GNI36.3%N/A
External debt stocks$23.3BN/A
Short-term debt, % of total reserves57.7%N/A
Total debt service, % of exports and primary income9.4%N/A
Adjusted net savings including particulate emission damage, % of GNI-8.4%20.9%
Gross savings, % of GDP21%17.4%
Gross capital formation, % of GDP14.9%17.6%
Total reserves including gold$6.3B$938.9M
Foreign direct investment net inflows$3B-$5.6B

Exports, imports and economic structure

StatGhanaLuxembourg
Exports of goods and services, % of GDP35.3%211.6%
Imports of goods and services, % of GDP36.4%175.5%
Current account balance (balance of payments)-$2B$3.4B
Revenue excluding grants, % of GDP27.2%40.9%
Grants excluding technical cooperation, BoP$713.6MN/A
Personal remittances received$3.5B$2.1B
Industry including construction value added, % of GDP31.5%11.8%
Agriculture, forestry and fishing value added, % of GDP18.3%0.2%
Charges for the use of intellectual property, payments BoP$700k$5B
Charges for the use of intellectual property, receipts BoPN/A$2.4B
Expense, % of GDP30.5%38.7%
Government Expenditure, % of GDP20%42.7%

Compare with countries close by GDP per capita

Ghana vs

CountryGDP
per capita
Population
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M

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