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Economy of Luxembourg vs Myanmar compared: GDP & Debt

Updated on by Georank team

Luxembourg has a GDP of $93.3B compared to $74.1B for Myanmar, ranking 74/197 and 85/197 by economy size, respectively.

Luxembourg has $24.5B in government debt (26.3% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Luxembourg vs Myanmar GDP by year

Luxembourg
Myanmar
1x
Year GDP, current $
Luxembourg Myanmar
2024 $93,279,851,863 $74,068,349,524
2023 $88,788,881,539 $66,757,619,000
2022 $80,801,680,397 $62,253,049,903
2021 $86,386,759,695 $66,345,291,149
2020 $73,670,782,100 $79,006,113,670
2019 $69,872,035,114 $75,065,106,243
2018 $71,085,623,495 $67,860,515,993
2017 $65,712,180,343 $66,053,040,475
2016 $62,216,885,436 $63,298,361,984
2015 $60,071,584,216 $59,607,290,408
2014 $68,804,811,898 $65,531,374,210
2013 $65,203,276,467 $60,269,732,855
2012 $59,776,383,527 $59,937,796,648
2011 $61,696,281,326 $59,977,326,086
2010 $56,213,985,987 $49,540,813,342
2009 $54,467,289,898 $36,906,181,381
2008 $58,844,277,702 $31,862,554,102
2007 $51,587,401,416 $20,182,477,481
2006 $42,910,146,296 $14,502,553,710
2005 $37,672,280,120 $11,986,972,419
2004 $35,064,843,793 $10,567,354,056
2003 $29,667,268,248 $10,467,109,978
2002 $23,649,833,332 $6,777,632,512
2001 $21,387,533,703 $6,477,790,688
2000 $21,230,182,989 $8,905,066,164
1999 $21,899,317,599 $8,486,832,801
1998 $20,150,053,345 $6,459,461,639
1997 $19,563,836,265 $4,722,288,496
1996 $20,895,314,658 $6,123,556,717
1995 $20,853,093,870 $5,289,174,943
1994 $17,701,798,891 $4,432,257,174
1993 $15,925,521,222 $3,163,020,035
1992 $15,518,702,635 $2,411,552,289
1991 $13,834,219,728 $2,069,832,687
1990 $12,778,792,854 $2,115,193,513
1989 $10,037,674,038 $2,013,448,229
1988 $9,418,167,855 $1,541,088,312
1987 $8,320,902,215 $1,562,448,077
1986 $6,685,595,088 $1,582,873,750
1985 $4,577,211,767 $1,478,908,173
1984 $4,438,435,493 $1,304,063,253
1983 $4,524,217,751 $1,381,573,615
1982 $4,602,316,793 $1,481,165,468
1981 $5,053,665,797 $1,111,000,765
1980 $6,019,805,490 $1,038,225,167
1979 $5,516,982,664 $952,265,043
1978 $4,718,539,772 $935,408,775
1977 $3,789,321,328 $873,579,932
1976 $3,423,586,207 $1,204,699,849
1975 $3,123,333,333 $1,061,107,354
1974 $3,183,637,117 $1,225,589,878
1973 $2,609,875,802 $719,754,655
1972 $1,901,697,370 $662,213,083
1971 $1,518,773,421 $587,448,405
1970 $1,457,768,455 $563,555,631
1969 $1,245,432,991 $571,854,215
1968 $1,075,561,623 $559,956,130
1967 $983,052,315 $420,359,036
1966 $976,717,015 $293,103,479
1965 $929,477,285 $367,053,117
1964 $910,877,686 $411,419,906
1963 $797,902,154 $598,998,419
1962 $747,846,862 $634,528,872
1961 $710,163,719 $605,581,577
1960 $709,941,874 $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Luxembourg vs Myanmar by year

Luxembourg
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $137,782 $155,941 $1,359 $5,997
2023 $133,231 $150,508 $1,233 $5,953
2022 $123,720 $146,919 $1,158 $5,732
2021 $134,966 $136,772 $1,243 $5,178
2020 $116,860 $122,067 $1,490 $5,741
2019 $112,697 $121,372 $1,426 $6,101
2018 $116,927 $116,638 $1,298 $5,581
2017 $110,193 $114,986 $1,273 $4,706
2016 $106,899 $113,365 $1,229 $4,460
2015 $105,462 $107,860 $1,167 $4,459
2014 $123,679 $105,296 $1,293 $4,376
2013 $120,000 $100,925 $1,199 $4,144
2012 $112,585 $96,636 $1,203 $3,845
2011 $119,025 $94,475 $1,214 $3,579
2010 $110,886 $90,336 $1,011 $3,348
2009 $109,420 $86,919 $758 $3,040
2008 $120,422 $90,971 $658 $2,748
2007 $107,475 $85,126 $419 $2,459
2006 $90,789 $78,861 $303 $2,153
2005 $80,988 $68,788 $252.7 $1,860
2004 $76,545 $64,686 $224.5 $1,601
2003 $65,689 $60,192 $224.3 $1,385
2002 $53,006 $58,576 $146.6 $1,204
2001 $48,440 $56,136 $141.5 $1,069
2000 $48,660 $55,136 $196.6 $949
1999 $50,872 $49,845 $189.5 $825
1998 $47,445 $44,270 $146 $742
1997 $46,642 $42,488 $108 $702
1996 $50,444 $39,722 $141.9 $661
1995 $51,032 $38,345 $124.1 $618
1994 $43,933 $37,551 $105.4 $573
1993 $40,067 $35,899 $76.2 $529
1992 $39,571 $34,108 $58.9 $494
1991 $35,747 $33,191 $51.2 $447
1990 $33,465 $29,949 $53.1 $441
1989 $26,618 - $51.3 -
1988 $25,219 - $39.9 -
1987 $22,443 - $41.1 -
1986 $18,150 - $42.4 -
1985 $12,482 - $40.4 -
1984 $12,127 - $36.3 -
1983 $12,374 - $39.3 -
1982 $12,591 - $43 -
1981 $13,837 - $32.8 -
1980 $16,531 - $31.2 -
1979 $15,204 - $29.2 -
1978 $13,034 - $29.3 -
1977 $10,486 - $27.9 -
1976 $9,491 - $39.2 -
1975 $8,701 - $35.2 -
1974 $8,967 - $41.4 -
1973 $7,447 - $24.8 -
1972 $5,487 - $23.3 -
1971 $4,435 - $21.1 -
1970 $4,298 - $20.7 -
1969 $3,690 - $21.5 -
1968 $3,203 - $21.5 -
1967 $2,935 - $16.5 -
1966 $2,925 - $11.8 -
1965 $2,804 - $15.1 -
1964 $2,779 - $17.3 -
1963 $2,462 - $25.8 -
1962 $2,332 - $27.9 -
1961 $2,241 - $27.3 -
1960 $2,261 - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Luxembourg's GDP per capita is $137,782, ranking 3/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Myanmar ranks 153rd at $5,997.

Economic indicators

Luxembourg Myanmar
Gross domestic product
$93.3B
2024
$74.1B
2024
GDP rank
74/197
2024
85/197
2024
GDP growth
0.36%
2023-2024
-0.97%
2023-2024
GDP per capita
$137,782
2024
$1,359
2024
GDP per capita rank
3/197
2024
165/197
2024
GDP per capita, PPP
$155,941
2024
$5,997
2024
GDP per capita PPP rank
1/197
2024
153/197
2024
Government debt
$24.5B
2024
$44B
2024
Debt-to-GDP ratio
26.3%
2024
59.3%
2024
Government debt per person
$36,221
2024
$806
2024
Government debt per person rank
19/185
2024
150/185
2024
Average annual personal income after taxes
$69,593
2026
$1,646
2026
Market capitalization of domestic companies
$41.9B
2024
n/a
Number of billionaires
1
2025
n/a
Income share by richest 10%
25%
2023
25.5%
2017
Income share by poorest 10%
2.8%
2023
3.8%
2017
Government expenditure, % of GDP
46.9%
2024
20.7%
2024
Consumer prices inflation
2.05%
2023-2024
8.83%
2018-2019
Unemployment rate
6.42%
2024
1.48%
2020
Population
693885
55292116

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Luxembourg Myanmar
Government spending Government debt Government spending Government debt
2024 46.9% 26.3% 20.7% 59.3%
2023 46.4% 24.7% 21.4% 59.1%
2022 44.3% 24.9% 21.3% 56.1%
2021 42.4% 24.2% 20.9% 63.4%
2020 47% 24.5% 21.3% 49.1%
2019 43.1% 22.3% 20.5% 37.6%
2018 42.3% 20.9% 18.7% 39.9%
2017 41.3% 21.8% 19.7% 41.9%
2016 40% 19.6% 21.3% 35.7%
2015 40.4% 21.1% 23.7% 36.6%
2014 40.6% 21.9% 24.7% 34.5%
2013 41.2% 22.4% 23.9% 44.8%
2012 41.8% 20.8% 20% 48%
2011 41.5% 18.5% 15.6% 49.9%
2010 42% 19.1% 15.8% 54.4%
2009 42.7% 15.3% 14.4% 56.4%
2008 37.9% 14.6% 14.4% 59.8%
2007 37.4% 8.09% 15.7% 77.4%
2006 39.4% 8.21% 15.6% 103.1%
2005 43.4% 7.95% 14.6% 119%
2004 43.7% 7.83% 14.6% 126.6%
2003 43.3% 7.43% 14.3% 146%
2002 41.8% 7.45% 15.3% 190.6%
2001 38.1% 7.62% 19.1% 262%
2000 38% 7.49% 21.4% 164.5%
1999 41.7% 8.39% 22.8% 150.7%
1998 43.9% 9.51% 25.2% 208.6%
1997 44.2% 10.1% - -
1996 42.5% 10.2% - -
1995 42% 10.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Luxembourg's government spending was $43.7B, accounting for 46.9% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 26.3% in Luxembourg and 59.3% in Myanmar, ranking 162/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Myanmar
1x
Year Deficit/surplus, % of GDP
Luxembourg Myanmar
2024 1.03% -5.06%
2023 -0.78% -5.18%
2022 0.18% -2.82%
2021 1% -2.47%
2020 -3.09% -6.5%
2019 2.68% -4.7%
2018 3.17% -2.77%
2017 1.37% -3.42%
2016 1.89% -2.53%
2015 1.3% -4.33%
2014 1.33% -1.06%
2013 0.84% -1.53%
2012 0.5% -2.7%
2011 0.65% -4.82%
2010 -0.26% -5.4%
2009 -0.21% -3.55%
2008 3.37% -2.73%
2007 4.35% -3.52%
2006 1.9% -3.42%
2005 -0.21% -3.49%
2004 -1.39% -4.62%
2003 0.28% -4.24%
2002 2.03% -4.01%
2001 5.62% -6.34%
2000 5.55% -6.03%
1999 3.24% -4.46%
1998 2.98% -4.89%
1997 2.65% -
1996 2.37% -
1995 2.71% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Luxembourg's government surplus, the difference between spending and revenue, was $961M, equivalent to 1.03% of GDP. This compares to Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Luxembourg recorded a fiscal deficit in 6 of those years, while Myanmar ran a deficit in 27 years. On average, Luxembourg posted an annual surplus equal to 1.46% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Luxembourg

Myanmar
1x
Year Consumer prices inflation
Luxembourg Myanmar
2024 2.05% -
2023 3.74% -
2022 6.34% -
2021 2.53% -
2020 0.82% -
2019 1.74% 8.83%
2018 1.53% 6.87%
2017 1.73% 4.57%
2016 0.29% 6.93%
2015 0.47% 9.45%
2014 0.63% 4.95%
2013 1.73% 5.64%
2012 2.66% 1.47%
2011 3.41% 5.02%
2010 2.27% 7.72%
2009 0.37% 1.47%
2008 3.4% 26.8%
2007 2.31% 35%
2006 2.67% 20%
2005 2.49% 9.37%
2004 2.23% 4.53%
2003 2.05% 36.6%
2002 2.07% 57.1%
2001 2.66% 21.1%
2000 3.15% -0.11%
1999 1.03% 18.4%
1998 0.96% 51.5%
1997 1.37% 29.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 23 years, Luxembourg has recorded an average annual inflation rate of 1.88%, compared with 16.2% in Myanmar. In 2019, inflation was 2.05% in Luxembourg and 8.83% in Myanmar.

Top exports between countries

Luxembourg
Export category Export value
Machinery & equipment $125K
Raw materials & minerals $19K
Chemicals & pharma $9K
Textiles & consumer goods $5K
Metals $1K
Myanmar
Export category Export value
Textiles & consumer goods $63K

Balance of trade

Luxembourg Myanmar
Current account balance
$4.1B
2024
$67.7M
2019
Current account balance ranking
35/190
2024
71/190
2019
Current account balance, % of GDP
+4.4%
2024
+0.09%
2019
Goods imports
$29.4B
2024
$13.7B
2019
Goods exports
$31.3B
2024
$10.8B
2019
Service imports
$117B
2024
$3.66B
2019
Service exports
$150B
2024
$6.68B
2019
Imports of goods and services, % of GDP
159.7%
2024
n/a
Exports of goods and services, % of GDP
191.5%
2024
24.3%
2025

Economic freedom indices

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

Luxembourg Myanmar
Economic freedom 79.7 44.5
Economic freedom ranking 7/197 180/197
Property rights 96.6 5.7
Government integrity 88.7 18.1
Judicial effectiveness 99.1 3.9
Tax burden 62.3 88.6
Government spending 36.9 86.6
Fiscal health 98.6 62.7
Business freedom 89.5 37.9
Labor freedom 56.7 53.2
Monetary freedom 74.1 57.5
Trade freedom 79.4 69.4
Investment freedom 95 30
Financial freedom 80 20

Economic freedom comparison by year

Luxembourg
Myanmar
1x
Year Economic freedom index
Luxembourg Myanmar
2026 79.7 44.5
2025 79.5 43.7
2024 79.2 42.2
2023 78.4 46.5
2022 80.6 49.6
2021 76 55.2
2020 75.8 54
2019 75.9 53.6
2018 76.4 53.9
2017 75.9 52.5
2016 73.9 48.7
2015 73.2 46.9
2014 74.2 46.5
2013 74.2 39.2
2012 74.5 38.7
2011 76.2 37.8
2010 75.4 36.7
2009 75.2 37.7
2008 74.7 39.5
2007 74.6 41
2006 75.3 40
2005 76.3 40.5
2004 78.9 43.6
2003 79.9 44.9
2002 79.4 45.5
2001 80.1 46.1
2000 76.4 47.9
1999 72.4 46.4
1998 72.7 45.7
1997 72.8 45.4
1996 72.5 45.1

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Myanmar
Services, % of GDP
81.2%
2024
41.4%
2024
Industry, % of GDP
9.66%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.21%
2024
20.8%
2024
GNI, Atlas method
$57.3B
2024
$65.9B
2024
GNI per capita, PPP
$110,650
2024
$5,890
2024
Total reserves including gold
$2.79B
2024
$9.34B
2023
Total reserves ranking
119/177
2024
81/177
2023
Net foreign direct investment
$21.4B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$106B
2024
$1.1B
2024
Net outflows of foreign direct investment
$109B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.31%
2024
Poverty at national poverty lines
17.3%
2021
24.8%
2017
Gross capital formation, % of GDP
15.8%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.