India vs Luxembourg: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, India and Luxembourg ranked 6th vs 88th and 150th vs 3rd, respectively.

Gross Domestic Product & Income

StatIndiaLuxembourg
GDP$2.7T$70.9B
GDP growth, 1 year7.1%3%
GDP growth, 5-years average7.6%3%
Population1.3B626k
GDP per capita$2k$117k
GDP per capita growth5.71%1.18%
Purchasing Power Parity conversion factor18.10.87
Price level ratio of PPP conversion factor GDP to market exchange rate0.261.03
GDP per capita, PPP adjusted$7.9k$107k
GNI, Atlas method$2.7T$43.1B
GNI per capita$2k$71k
GNI, PPP adjusted$10.4T$43.9B
GNI per capita, PPP adjusted$7.7k$72k

Financial system and Human development

StatIndiaLuxembourg
Income Tax Rate30.9%42%
Corporate Tax Rate32.4%18%
Inflation, consumer prices3.5%2%
Inflation, GDP deflator4.1%2.5%
Unemployment2.6%5.5%
Economic Freedom Index56.575.8
Personal Freedom Index6.969.1
Human Freedom Index6.88.46
Property Rights Index6386.4
Judical Effectiveness Index64.174.4
Business Freedom Index65.666.8
Fiscal Health Index13.199
Labor Freedom Index41.245.3
Investment Freedom Index4095
Financial Freedom Index4080
Trade Freedom Index73.486.4
Monetary Freedom Index7376.4
Government Spending Index77.945.4
Tax Burden Index79.464.1
Government Integrity Index47.290.3
Corruption Perceptions Index4181
Life expectancy at birth, years69.282.7
Suicide mortality rate, per 100,000 people16.313.5
Mortality caused by road traffic injury, per 100,000 people22.66.3
Intentional homicides, per 100,000 people3.20.3
International tourism, number of arrivals17.4M1M

Government debt & reserves

StatIndiaLuxembourg
Central government debt, % of GDP69.8%21.8%
External debt stocks, % of GNI19.3%N/A
External debt stocks$521.4BN/A
Short-term debt, % of total reserves26.1%N/A
Total debt service, % of exports and primary income11.4%N/A
Adjusted net savings including particulate emission damage, % of GNI16.3%20.9%
Gross savings, % of GDP30.9%17.4%
Gross capital formation, % of GDP31.3%17.6%
Total reserves including gold$399.2B$938.9M
Foreign direct investment net inflows$42.1B-$5.6B

Exports, imports and economic structure

StatIndiaLuxembourg
Exports of goods and services, % of GDP19.7%211.6%
Imports of goods and services, % of GDP23.6%175.5%
Current account balance (balance of payments)-$65.6B$3.4B
Revenue excluding grants, % of GDP12.9%40.9%
Grants excluding technical cooperation, BoP$689.4MN/A
Personal remittances received$78.8B$2.1B
Industry including construction value added, % of GDP26.7%11.8%
Agriculture, forestry and fishing value added, % of GDP14.6%0.2%
Charges for the use of intellectual property, payments BoP$7.9B$5B
Charges for the use of intellectual property, receipts BoP$784.9M$2.4B
Expense, % of GDP14.9%38.7%
Government Expenditure, % of GDP27.1%42.7%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
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
Ghana
$2.2k
26.9M
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
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
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

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