Guinea-Bissau vs Luxembourg: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, Luxembourg and Guinea-Bissau ranked 88th vs 44th and 3rd vs 179th, respectively.

Gross Domestic Product & Income

StatGuinea-BissauLuxembourg
GDP$1.5B$70.9B
GDP growth, 1 year3.8%3%
GDP growth, 5-years average4.6%3%
Population1.9M626k
GDP per capita$778$117k
GDP per capita growth1.24%1.18%
Purchasing Power Parity conversion factor240.310.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.431.03
GDP per capita, PPP adjusted$1.9k$107k
GNI, Atlas method$1.4B$43.1B
GNI per capita$750$71k
GNI, PPP adjusted$3.4B$43.9B
GNI per capita, PPP adjusted$1.8k$72k

Financial system and Human development

StatGuinea-BissauLuxembourg
Income Tax Rate20%42%
Corporate Tax Rate25%18%
Inflation, consumer prices1.4%2%
Inflation, GDP deflator-0.4%2.5%
Unemployment4.1%5.5%
Economic Freedom Index53.375.8
Personal Freedom Index6.839.1
Human Freedom Index5.978.46
Property Rights Index41.386.4
Judical Effectiveness Index48.474.4
Business Freedom Index39.166.8
Fiscal Health Index67.399
Labor Freedom Index61.245.3
Investment Freedom Index3095
Financial Freedom Index3080
Trade Freedom Index4986.4
Monetary Freedom Index82.776.4
Government Spending Index86.745.4
Tax Burden Index88.764.1
Government Integrity Index14.890.3
Corruption Perceptions Index1681
Life expectancy at birth, years57.782.7
Suicide mortality rate, per 100,000 people413.5
Mortality caused by road traffic injury, per 100,000 people31.16.3
Intentional homicides, per 100,000 people1.10.3
International tourism, number of arrivals45k1M

Government debt & reserves

StatGuinea-BissauLuxembourg
Central government debt, % of GDP56.1%21.8%
External debt stocks, % of GNI28.9%N/A
External debt stocks$420.7MN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary income1.9%N/A
Adjusted net savings including particulate emission damage, % of GNI-11%20.9%
Gross savings, % of GDP8.8%17.4%
Gross capital formation, % of GDP10.9%17.6%
Total reserves including goldN/A$938.9M
Foreign direct investment net inflows$20.6M-$5.6B

Exports, imports and economic structure

StatGuinea-BissauLuxembourg
Exports of goods and services, % of GDP25.3%211.6%
Imports of goods and services, % of GDP32.5%175.5%
Current account balance (balance of payments)-$54.1M$3.4B
Revenue excluding grants, % of GDP12.7%40.9%
Grants excluding technical cooperation, BoP$80MN/A
Personal remittances received$127.9M$2.1B
Industry including construction value added, % of GDP12.6%11.8%
Agriculture, forestry and fishing value added, % of GDP47.5%0.2%
Charges for the use of intellectual property, payments BoP$2.4k$5B
Charges for the use of intellectual property, receipts BoP$79k$2.4B
Expense, % of GDP12.6%38.7%
Government Expenditure, % of GDP21.1%42.7%

Compare with countries close by GDP per capita

Guinea-Bissau vs

CountryGDP
per capita
Population
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
Eritrea
$811
3.5M
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
Niger
$414
21.5M

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
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