Guatemala vs Luxembourg: Economic Indicators Comparison

Guatemala with a GDP of $78.5B ranked the 70th largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Guatemala and Luxembourg ranked 69th vs 88th and 112th vs 3rd, respectively.

Gross Domestic Product & Income

StatGuatemalaLuxembourg
GDP$78.5B$70.9B
GDP growth, 1 year3.1%3%
GDP growth, 5-years average3.5%3%
Population17.3M626k
GDP per capita$4.5k$117k
GDP per capita growth1.15%1.18%
Purchasing Power Parity conversion factor4.040.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.541.03
GDP per capita, PPP adjusted$8.4k$107k
GNI, Atlas method$75.9B$43.1B
GNI per capita$4.4k$71k
GNI, PPP adjusted$143.4B$43.9B
GNI per capita, PPP adjusted$8.3k$72k

Financial system and Human development

StatGuatemalaLuxembourg
Income Tax Rate31%42%
Corporate Tax Rate31%18%
Inflation, consumer prices3.8%2%
Inflation, GDP deflator2.9%2.5%
Unemployment2.7%5.5%
Economic Freedom Index6475.8
Personal Freedom Index7.149.1
Human Freedom Index7.218.46
Property Rights Index45.586.4
Judical Effectiveness Index32.274.4
Business Freedom Index62.666.8
Fiscal Health Index95.799
Labor Freedom Index48.445.3
Investment Freedom Index7095
Financial Freedom Index5080
Trade Freedom Index82.286.4
Monetary Freedom Index77.476.4
Government Spending Index95.645.4
Tax Burden Index79.264.1
Government Integrity Index29.690.3
Corruption Perceptions Index2781
Life expectancy at birth, years73.882.7
Suicide mortality rate, per 100,000 people2.713.5
Mortality caused by road traffic injury, per 100,000 people16.66.3
Intentional homicides, per 100,000 people26.10.3
International tourism, number of arrivals1.8M1M

Government debt & reserves

StatGuatemalaLuxembourg
Central government debt, % of GDP24.5%21.8%
External debt stocks, % of GNI29%N/A
External debt stocks$22.3BN/A
Short-term debt, % of total reserves7.3%N/A
Total debt service, % of exports and primary income26.7%N/A
Adjusted net savings including particulate emission damage, % of GNI1.9%20.9%
Gross savings, % of GDP13.4%17.4%
Gross capital formation, % of GDP12.1%17.6%
Total reserves including gold$12.6B$938.9M
Foreign direct investment net inflows$1.1B-$5.6B

Exports, imports and economic structure

StatGuatemalaLuxembourg
Exports of goods and services, % of GDP18.1%211.6%
Imports of goods and services, % of GDP27.7%175.5%
Current account balance (balance of payments)$665M$3.4B
Revenue excluding grants, % of GDP11%40.9%
Grants excluding technical cooperation, BoP$342.5MN/A
Personal remittances received$9.4B$2.1B
Industry including construction value added, % of GDP24.6%11.8%
Agriculture, forestry and fishing value added, % of GDP10%0.2%
Charges for the use of intellectual property, payments BoP$209.8M$5B
Charges for the use of intellectual property, receipts BoP$700k$2.4B
Expense, % of GDP11.8%38.7%
Government Expenditure, % of GDP12.1%42.7%

Compare with countries close by GDP per capita

Guatemala vs

CountryGDP
per capita
Population
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M

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