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Economy of Liechtenstein vs Luxembourg compared: GDP & Debt

Updated on by Georank

Liechtenstein has a GDP of $8.91B compared to $101B for Luxembourg, ranking 156/197 and 75/197 by economy size, respectively.

Liechtenstein vs Luxembourg GDP by year

Liechtenstein
Luxembourg
1x
Year GDP, current $
Liechtenstein Luxembourg
2025 - $101,157,829,491
2024 $8,905,764,270 $93,279,851,863
2023 $8,239,379,403 $88,788,881,539
2022 $7,426,856,243 $80,801,680,397
2021 $7,912,602,342 $86,386,759,695
2020 $6,405,870,210 $73,670,782,100
2019 $6,436,467,007 $69,872,035,114
2018 $6,692,620,692 $71,085,623,495
2017 $6,474,308,718 $65,712,180,343
2016 $6,237,302,034 $62,216,885,436
2015 $6,268,515,276 $60,071,584,216
2014 $6,657,526,980 $68,804,814,555
2013 $6,391,708,311 $65,203,276,467
2012 $5,456,102,482 $59,776,383,527
2011 $5,739,706,005 $61,696,281,326
2010 $5,082,337,238 $56,213,985,987
2009 $4,504,375,348 $54,467,289,898
2008 $5,081,479,840 $58,844,277,702
2007 $4,601,429,897 $51,587,401,416
2006 $4,000,102,086 $42,910,153,830
2005 $3,659,319,117 $37,672,311,223
2004 $3,454,373,798 $35,064,843,793
2003 $3,070,803,051 $29,667,268,248
2002 $2,688,618,747 $23,649,832,387
2001 $2,491,800,559 $21,387,550,720
2000 $2,483,889,858 $21,230,200,538
1999 $2,664,105,901 $21,899,317,599
1998 $2,479,699,106 $20,150,055,568
1997 $2,298,389,803 $19,563,836,265
1996 $2,504,012,993 $20,895,314,658
1995 $2,428,525,061 $20,853,093,870
1994 $1,948,129,623 $17,701,798,891
1993 $1,673,085,245 $15,925,521,222
1992 $1,631,177,029 $15,518,702,635
1991 $1,484,160,302 $13,834,219,728
1990 $1,421,509,216 $12,778,792,854
1989 $1,119,983,801 $10,037,674,038
1988 $1,161,757,671 $9,418,167,855
1987 $1,052,848,996 $8,320,902,215
1986 $779,357,803 $6,685,595,088
1985 $529,073,612 $4,577,211,767
1984 $502,620,992 $4,438,435,493
1983 $524,023,625 $4,524,217,751
1982 $522,096,760 $4,602,316,793
1981 $511,647,750 $5,053,665,797
1980 $534,699,363 $6,019,805,490
1979 $503,173,104 $5,516,982,664
1978 $436,912,068 $4,718,539,772
1977 $303,493,119 $3,789,321,328
1976 $272,489,300 $3,423,586,207
1975 $246,389,102 $3,123,333,333
1974 $193,980,465 $3,183,637,117
1973 $165,928,882 $2,609,875,802
1972 $124,940,289 $1,901,697,370
1971 $104,889,795 $1,518,773,421
1970 $90,099,361 $1,457,768,455
1969 - $1,245,432,991
1968 - $1,075,561,623
1967 - $983,052,315
1966 - $976,717,015
1965 - $929,477,285
1964 - $910,877,686
1963 - $797,902,154
1962 - $747,846,862
1961 - $710,163,719
1960 - $709,941,874

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/liechtenstein/luxembourg | CC BY

GDP per capita in Liechtenstein vs Luxembourg by year

Liechtenstein
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Liechtenstein Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $147,252 -
2024 $220,167 - $137,782 $155,941
2023 $206,781 - $133,231 $150,508
2022 $188,055 - $123,720 $146,919
2021 $201,945 - $134,966 $136,772
2020 $164,671 - $116,860 $122,067
2019 $166,908 - $112,697 $121,372
2018 $174,989 - $116,927 $116,638
2017 $170,547 - $110,193 $114,986
2016 $165,375 - $106,899 $113,365
2015 $167,187 - $105,462 $107,860
2014 $178,735 - $123,679 $105,296
2013 $172,824 - $120,000 $100,925
2012 $148,842 - $112,585 $96,636
2011 $158,066 - $119,025 $94,475
2010 $141,090 - $110,886 $90,336
2009 $126,025 $139,100 $109,420 $86,919
2008 $143,249 $141,100 $120,422 $90,971
2007 $130,493 $122,100 $107,475 $85,126
2006 $114,168 - $90,789 $78,861
2005 $105,295 - $80,988 $68,788
2004 $100,281 - $76,545 $64,686
2003 $90,108 - $65,689 $60,192
2002 $79,795 - $53,006 $58,576
2001 $75,068 - $48,440 $56,136
2000 $76,088 - $48,660 $55,136
1999 $82,682 $25,000 $50,872 $49,845
1998 $78,303 $23,000 $47,445 $44,270
1997 $73,591 - $46,642 $42,488
1996 $80,689 - $50,444 $39,722
1995 $78,910 - $51,032 $38,345
1994 $63,936 - $43,933 $37,551
1993 $55,605 - $40,067 $35,899
1992 $55,057 - $39,571 $34,108
1991 $50,812 - $35,747 $33,191
1990 $49,458 - $33,465 $29,949
1989 $39,552 - $26,618 -
1988 $41,569 - $25,219 -
1987 $38,206 - $22,443 -
1986 $28,613 - $18,150 -
1985 $19,684 - $12,482 -
1984 $18,898 - $12,127 -
1983 $19,815 - $12,374 -
1982 $19,886 - $12,591 -
1981 $19,929 - $13,837 -
1980 $20,959 - $16,531 -
1979 $19,674 - $15,204 -
1978 $17,457 - $13,034 -
1977 $12,417 - $10,486 -
1976 $11,326 - $9,491 -
1975 $10,333 - $8,701 -
1974 $8,272 - $8,967 -
1973 $7,282 - $7,447 -
1972 $5,645 - $5,487 -
1971 $4,856 - $4,435 -
1970 $4,262 - $4,298 -
1969 - - $3,690 -
1968 - - $3,203 -
1967 - - $2,935 -
1966 - - $2,925 -
1965 - - $2,804 -
1964 - - $2,779 -
1963 - - $2,462 -
1962 - - $2,332 -
1961 - - $2,241 -
1960 - - $2,261 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1998–2009, retrieved 2026-07-08).

GeoRank.org/economy/liechtenstein/luxembourg | CC BY

Liechtenstein's GDP per capita is $220,167, ranking 2/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Liechtenstein ranks 3rd at $139,100, while Luxembourg ranks 1st at $155,941.

Economic indicators

Liechtenstein Luxembourg
Gross domestic product
$8.91B
2024
$101B
2025
GDP rank
156/197
2024
75/197
2025
GDP growth n/a
0.64%
2024-2025
GDP per capita
$220,167
2024
$147,252
2025
GDP per capita rank
2/197
2024
3/197
2025
GDP per capita, PPP
$139,100
2009
$155,941
2024
GDP per capita PPP rank
3/197
2009
1/197
2024
Government debt n/a
$27.3B
2025
Debt-to-GDP ratio n/a
27%
2025
Government debt per person n/a
$39,717
2025
Government debt per person rank n/a
18/185
2025
Average annual personal income after taxes
$109,813
2026
$71,808
2026
Market capitalization of domestic companies n/a
$69.4B
2025
Number of millionaires n/a
85,000
2026
Number of billionaires
1
2026
1
2026
Income share by richest 10% n/a
25%
2023
Income share by poorest 10% n/a
2.8%
2023
Government expenditure, % of GDP
22.6%
2026
48.3%
2025
Consumer prices inflation
-0.4%
2019-2020
2.26%
2024-2025
Unemployment rate
2.31%
2017
6.5%
2025
Population
41400
697802

Inflation comparison by year

Inflation
Liechtenstein

Luxembourg
1x
Year Consumer prices inflation
Liechtenstein Luxembourg
2025 - 2.26%
2024 - 2.05%
2023 - 3.74%
2022 - 6.34%
2021 - 2.53%
2020 -0.4% 0.82%
2019 -0.4% 1.74%
2018 -0.4% 1.53%
2017 - 1.73%
2016 -0.4% 0.29%
2015 - 0.47%
2014 - 0.63%
2013 -0.2% 1.73%
2012 -0.7% 2.66%
2011 0.2% 3.41%
2010 0.7% 2.27%
2009 0.5% 0.37%
2008 - 3.4%
2007 - 2.31%
2006 - 2.67%
2005 - 2.49%
2004 - 2.23%
2003 - 2.05%
2002 - 2.07%
2001 1% 2.66%
2000 - 3.15%
1999 - 1.03%
1998 - 0.96%
1997 0.5% 1.37%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1997–2020, retrieved 2026-07-08).

GeoRank.org/economy/liechtenstein/luxembourg | CC BY

Over the past 24 years, Liechtenstein has recorded an average annual inflation rate of 0.04%, compared with 1.84% in Luxembourg. In 2020, inflation was -0.4% in Liechtenstein and 2.26% in Luxembourg.

Balance of trade

Liechtenstein Luxembourg
Current account balance n/a
$5.29B
2025
Current account balance ranking n/a
31/190
2025
Current account balance, % of GDP n/a
+5.23%
2025
Goods imports n/a
$30.9B
2025
Goods exports n/a
$33B
2025
Service imports n/a
$133B
2025
Service exports n/a
$167B
2025
Imports of goods and services, % of GDP n/a
159.4%
2025
Exports of goods and services, % of GDP n/a
190.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Liechtenstein Luxembourg
Economic freedom 74 79.7
Economic freedom ranking 23/197 7/197
Property rights 93.1 96.6
Government integrity 83.7 88.7
Judicial effectiveness 87.3 99.1
Tax burden 93.4 62.3
Government spending n/a 36.9
Fiscal health n/a 98.6
Business freedom 83.6 89.5
Labor freedom 51.9 56.7
Monetary freedom n/a 74.1
Trade freedom 86.6 79.4
Investment freedom 80 95
Financial freedom 80 80

Other economic metrics

Liechtenstein Luxembourg
Services, % of GDP
57.4%
2023
81.4%
2025
Industry, % of GDP
39.1%
2023
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
0.16%
2023
0.23%
2025
GNI, Atlas method
$4.16B
2009
$65.8B
2025
GNI per capita, PPP n/a
$106,640
2025
Total reserves including gold n/a
$3.06B
2025
Total reserves ranking n/a
120/177
2025
Net foreign direct investment n/a
$196B
2025
Net inflows of foreign direct investment
-$87.2B
2018
$106B
2024
Net outflows of foreign direct investment n/a
$109B
2024
Poverty at national poverty lines n/a
17.3%
2021
Gross capital formation, % of GDP n/a
15.5%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/liechtenstein/luxembourg | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2025–2026, retrieved 2026-07-08)
  4. Central Intelligence Agency (CIA) (1997–2020, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.