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Economy of Luxembourg vs Peru compared: GDP & Debt

Updated on by Georank

Luxembourg has a GDP of $101B compared to $335B for Peru, ranking 75/197 and 47/197 by economy size, respectively.

Luxembourg has $27.3B in government debt (27% of GDP), compared to $101B (30.2% of GDP) in Peru.

Luxembourg vs Peru GDP by year

Luxembourg
Peru
1x
Year GDP, current $
Luxembourg Peru
2025 $101,157,829,491 $334,854,659,182
2024 $93,279,851,863 $291,751,523,019
2023 $88,788,881,539 $268,025,009,709
2022 $80,801,680,397 $246,169,867,863
2021 $86,386,759,695 $226,406,075,009
2020 $73,670,782,100 $201,409,694,756
2019 $69,872,035,114 $228,346,006,004
2018 $71,085,623,495 $222,597,009,739
2017 $65,712,180,343 $211,007,984,081
2016 $62,216,885,436 $191,898,104,390
2015 $60,071,584,216 $189,802,976,286
2014 $68,804,814,555 $200,786,250,583
2013 $65,203,276,467 $201,175,543,571
2012 $59,776,383,527 $192,650,021,649
2011 $61,696,281,326 $171,761,737,047
2010 $56,213,985,987 $147,527,631,521
2009 $54,467,289,898 $120,822,986,521
2008 $58,844,277,702 $120,550,599,815
2007 $51,587,401,416 $102,170,981,144
2006 $42,910,153,830 $88,643,193,062
2005 $37,672,311,223 $76,060,606,061
2004 $35,064,843,793 $66,768,703,498
2003 $29,667,268,248 $58,731,030,122
2002 $23,649,832,387 $54,777,553,515
2001 $21,387,550,720 $52,030,158,775
2000 $21,230,200,538 $51,744,749,133
1999 $21,899,317,599 $50,187,324,568
1998 $20,150,055,568 $55,501,467,877
1997 $19,563,836,265 $58,147,522,523
1996 $20,895,314,658 $55,252,414,130
1995 $20,853,093,870 $53,312,793,687
1994 $17,701,798,891 $44,882,079,767
1993 $15,925,521,222 $34,832,077,221
1992 $15,518,702,635 $35,966,302,303
1991 $13,834,219,728 $34,341,465,998
1990 $12,778,792,854 $26,410,386,963
1989 $10,037,674,038 $22,499,558,526
1988 $9,418,167,855 $15,439,408,447
1987 $8,320,902,215 $36,889,706,593
1986 $6,685,595,088 $21,859,448,586
1985 $4,577,211,767 $15,078,736,875
1984 $4,438,435,493 $17,600,400,385
1983 $4,524,217,751 $17,345,260,564
1982 $4,602,316,793 $21,794,535,621
1981 $5,053,665,797 $21,648,214,893
1980 $6,019,805,490 $18,136,838,538
1979 $5,516,982,664 $15,954,012,439
1978 $4,718,539,772 $12,491,876,743
1977 $3,789,321,328 $14,544,913,961
1976 $3,423,586,207 $16,131,958,851
1975 $3,123,333,333 $16,931,162,355
1974 $3,183,637,117 $13,858,441,211
1973 $2,609,875,802 $10,994,381,895
1972 $1,901,697,370 $9,189,413,409
1971 $1,518,773,421 $8,289,582,884
1970 $1,457,768,455 $7,432,223,177
1969 $1,245,432,991 $6,420,909,790
1968 $1,075,561,623 $5,736,083,835
1967 $983,052,315 $6,194,340,080
1966 $976,717,015 $6,109,048,737
1965 $929,477,285 $5,163,008,077
1964 $910,877,686 $4,353,664,867
1963 $797,902,154 $3,598,272,493
1962 $747,846,862 $3,284,322,201
1961 $710,163,719 $2,897,852,693
1960 $709,941,874 $2,571,986,572

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

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

GDP per capita in Luxembourg vs Peru by year

Luxembourg
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $147,252 - $9,684 -
2024 $137,782 $155,941 $8,526 $17,802
2023 $133,231 $150,508 $7,919 $17,011
2022 $123,720 $146,919 $7,354 $16,669
2021 $134,966 $136,772 $6,829 $15,281
2020 $116,860 $122,067 $6,133 $12,563
2019 $112,697 $121,372 $7,037 $13,564
2018 $116,927 $116,638 $6,978 $13,078
2017 $110,193 $114,986 $6,736 $12,592
2016 $106,899 $113,365 $6,217 $12,067
2015 $105,462 $107,860 $6,232 $11,600
2014 $123,679 $105,296 $6,667 $11,518
2013 $120,000 $100,925 $6,747 $11,291
2012 $112,585 $96,636 $6,519 $10,757
2011 $119,025 $94,475 $5,861 $10,463
2010 $110,886 $90,336 $5,072 $9,713
2009 $109,420 $86,919 $4,181 $8,917
2008 $120,422 $90,971 $4,198 $8,820
2007 $107,475 $85,126 $3,581 $7,982
2006 $90,789 $78,861 $3,130 $7,214
2005 $80,988 $68,788 $2,707 $6,560
2004 $76,545 $64,686 $2,397 $6,038
2003 $65,689 $60,192 $2,129 $5,657
2002 $53,006 $58,576 $2,007 $5,383
2001 $48,440 $56,136 $1,930 $5,086
2000 $48,660 $55,136 $1,945 $5,012
1999 $50,872 $49,845 $1,917 $4,847
1998 $47,445 $44,270 $2,156 $4,791
1997 $46,642 $42,488 $2,301 $4,844
1996 $50,444 $39,722 $2,227 $4,556
1995 $51,032 $38,345 $2,190 $4,435
1994 $43,933 $37,551 $1,879 $4,123
1993 $40,067 $35,899 $1,488 $3,666
1992 $39,571 $34,108 $1,567 $3,472
1991 $35,747 $33,191 $1,527 $3,484
1990 $33,465 $29,949 $1,200 $3,367
1989 $26,618 - $1,045 -
1988 $25,219 - $733 -
1987 $22,443 - $1,792 -
1986 $18,150 - $1,087 -
1985 $12,482 - $767 -
1984 $12,127 - $918 -
1983 $12,374 - $927 -
1982 $12,591 - $1,194 -
1981 $13,837 - $1,216 -
1980 $16,531 - $1,045 -
1979 $15,204 - $942 -
1978 $13,034 - $756 -
1977 $10,486 - $903 -
1976 $9,491 - $1,026 -
1975 $8,701 - $1,104 -
1974 $8,967 - $927 -
1973 $7,447 - $754 -
1972 $5,487 - $647 -
1971 $4,435 - $599 -
1970 $4,298 - $550 -
1969 $3,690 - $488 -
1968 $3,203 - $448 -
1967 $2,935 - $498 -
1966 $2,925 - $505 -
1965 $2,804 - $439 -
1964 $2,779 - $381 -
1963 $2,462 - $324 -
1962 $2,332 - $305 -
1961 $2,241 - $276.6 -
1960 $2,261 - $252.8 -

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

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

Luxembourg's GDP per capita is $147,252, ranking 3/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Peru ranks 104th at $17,802.

Economic indicators

Luxembourg Peru
Gross domestic product
$101B
2025
$335B
2025
GDP rank
75/197
2025
47/197
2025
GDP growth
0.64%
2024-2025
3.43%
2024-2025
GDP per capita
$147,252
2025
$9,684
2025
GDP per capita rank
3/197
2025
90/197
2025
GDP per capita, PPP
$155,941
2024
$17,802
2024
GDP per capita PPP rank
1/197
2024
104/197
2024
Government debt
$27.3B
2025
$101B
2025
Debt-to-GDP ratio
27%
2025
30.2%
2025
Government debt per person
$39,717
2025
$2,927
2025
Government debt per person rank
18/185
2025
107/185
2025
Average annual personal income after taxes
$71,808
2026
$7,143
2026
Market capitalization of domestic companies
$69.4B
2025
$105B
2025
Number of millionaires
85,000
2026
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
25%
2023
30.3%
2024
Income share by poorest 10%
2.8%
2023
2%
2024
Government expenditure, % of GDP
48.3%
2025
21.4%
2025
Consumer prices inflation
2.26%
2024-2025
1.53%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
6.5%
2025
4.32%
2025
Population
697802
35105331

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Luxembourg Peru
Government spending Government debt Government spending Government debt
2025 48.3% 27% 21.4% 30.2%
2024 46.8% 26.3% 22.2% 32.1%
2023 46.4% 24.7% 22.1% 32.4%
2022 44.3% 24.9% 23.1% 33.5%
2021 42.4% 24.2% 23.1% 35.5%
2020 47% 24.5% 25.7% 34.3%
2019 43.1% 22.3% 20.8% 26.5%
2018 42.3% 20.9% 21% 25.7%
2017 41.3% 21.8% 20.6% 24.8%
2016 40% 19.6% 20.5% 23.9%
2015 40.4% 21.1% 22% 23.7%
2014 40.6% 21.9% 22.4% 20.5%
2013 41.2% 22.4% 21.5% 19.9%
2012 41.8% 20.8% 20.3% 20.7%
2011 41.5% 18.5% 19.8% 23.1%
2010 42% 19.1% 21% 25.1%
2009 42.7% 15.3% 21.3% 28.2%
2008 37.9% 14.6% 19.9% 28.1%
2007 37.4% 8.09% 18.6% 31.9%
2006 39.4% 8.21% 19.2% 34.9%
2005 43.4% 7.95% 20.4% 40.4%
2004 43.7% 7.83% 19.6% 46.7%
2003 43.3% 7.43% 20.1% 49.4%
2002 41.8% 7.45% 19.6% 45.5%
2001 38.1% 7.62% 20.9% 43.8%
2000 38% 7.49% 21.7% 44.9%
1999 41.7% 8.39% 17.8% 41.1%
1998 43.9% 9.51% 16.3% 36.8%
1997 44.2% 10.1% 15.6% 34.5%
1996 42.5% 10.2% 16.5% 37.4%
1995 42% 10.3% 17.5% 36.8%
1994 - - 16.9% 41.9%
1993 - - 18.2% 49.9%
1992 - - 19.1% 46.8%
1991 - - 15.7% 48.3%
1990 - - 20.4% 56.3%
1989 - - 12.1% 34.9%
1988 - - 12.8% 42.8%
1987 - - 15.5% 39.1%
1986 - - 16.6% 48.6%
1985 - - 17.2% 63.4%
1984 - - 18.3% 56.7%
1983 - - 19.4% 56.2%
1982 - - 17.6% 34.2%
1981 - - 18.4% 30.6%
1980 - - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Luxembourg's government spending was $48.8B, accounting for 48.3% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 27% in Luxembourg and 30.2% in Peru, ranking 165/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Peru
1x
Year Deficit/surplus, % of GDP
Luxembourg Peru
2025 -0.96% -2.36%
2024 0.89% -3.53%
2023 -0.65% -2.74%
2022 0.21% -1.38%
2021 1.11% -2.49%
2020 -3.09% -8.19%
2019 2.68% -1.37%
2018 3.17% -1.94%
2017 1.37% -2.79%
2016 1.89% -2.12%
2015 1.3% -2.02%
2014 1.33% -0.19%
2013 0.84% 0.75%
2012 0.5% 2.07%
2011 0.65% 2.05%
2010 -0.26% -0.02%
2009 -0.21% -1.48%
2008 3.37% 2.48%
2007 4.35% 3.35%
2006 1.9% 2.03%
2005 -0.21% -0.44%
2004 -1.39% -1.03%
2003 0.28% -1.62%
2002 2.03% -1.4%
2001 5.62% -2.15%
2000 5.55% -2.12%
1999 3.24% -2.93%
1998 2.98% -0.2%
1997 2.65% 0.47%
1996 2.37% -0.25%
1995 2.71% -2.05%
1994 - -1.9%
1993 - -2.82%
1992 - -3.55%
1991 - -1.98%
1990 - -7.99%
1989 - -1.3%
1988 - -3.57%
1987 - -6.26%
1986 - -4.08%
1985 - -2.41%
1984 - -4.45%
1983 - -7.52%
1982 - -3.22%
1981 - -3.98%
1980 - -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Luxembourg's government deficit, the difference between spending and revenue, was $976M, equivalent to 0.96% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 31 years, Luxembourg recorded a fiscal deficit in 7 of those years, while Peru ran a deficit in 24 years. On average, Luxembourg posted an annual surplus equal to 1.49% of GDP, compared to deficit of 1.08% of GDP for Peru.

Inflation comparison by year

Inflation
Luxembourg

Peru
1x
Year Consumer prices inflation
Luxembourg Peru
2025 2.26% 1.53%
2024 2.05% 2.01%
2023 3.74% 6.46%
2022 6.34% 8.33%
2021 2.53% 4.27%
2020 0.82% 2%
2019 1.74% 2.25%
2018 1.53% 1.51%
2017 1.73% 2.99%
2016 0.29% 3.56%
2015 0.47% 3.4%
2014 0.63% 3.41%
2013 1.73% 2.77%
2012 2.66% 3.61%
2011 3.41% 3.37%
2010 2.27% 1.53%
2009 0.37% 2.94%
2008 3.4% 5.79%
2007 2.31% 1.78%
2006 2.67% 2%
2005 2.49% 1.62%
2004 2.23% 3.66%
2003 2.05% 2.26%
2002 2.07% 0.19%
2001 2.66% 1.98%
2000 3.15% 3.76%
1999 1.03% 3.47%
1998 0.96% 7.25%
1997 1.37% 8.56%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 3.39% in Peru. In 2025, inflation was 2.26% in Luxembourg and 1.53% in Peru.

Top exports between countries

Luxembourg
Export category Export value
Machinery & equipment $3.07M
Metals $2.38M
Chemicals & pharma $585K
Raw materials & minerals $491K
Textiles & consumer goods $157K
Miscellaneous $50K
Wood & paper products $48K
Precious metals & jewellery $13K
Weapons & explosives $10K
Processed food, beverages & tobacco $1K
Peru
Export category Export value
Metals $242K
Textiles & consumer goods $70K
Wood & paper products $34K
Processed food, beverages & tobacco $7K

Balance of trade

Luxembourg Peru
Current account balance
$5.29B
2025
$12B
2025
Current account balance ranking
31/190
2025
23/190
2025
Current account balance, % of GDP
+5.23%
2025
+3.58%
2025
Goods imports
$30.9B
2025
$58.6B
2025
Goods exports
$33B
2025
$94B
2025
Service imports
$133B
2025
$15.9B
2025
Service exports
$167B
2025
$7.64B
2025
Imports of goods and services, % of GDP
159.4%
2025
21.8%
2025
Exports of goods and services, % of GDP
190.5%
2025
30%
2025

Economic freedom indices

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

Luxembourg Peru
Economic freedom 79.7 66.3
Economic freedom ranking 7/197 62/197
Property rights 96.6 44
Government integrity 88.7 35
Judicial effectiveness 99.1 47.8
Tax burden 62.3 79.4
Government spending 36.9 84.8
Fiscal health 98.6 87.4
Business freedom 89.5 73.1
Labor freedom 56.7 64.7
Monetary freedom 74.1 77.6
Trade freedom 79.4 81.6
Investment freedom 95 60
Financial freedom 80 60

Economic freedom comparison by year

Luxembourg
Peru
1x
Year Economic freedom index
Luxembourg Peru
2026 79.7 66.3
2025 79.5 65.9
2024 79.2 64.8
2023 78.4 66.5
2022 80.6 66.5
2021 76 67.7
2020 75.8 67.9
2019 75.9 67.8
2018 76.4 68.7
2017 75.9 68.9
2016 73.9 67.4
2015 73.2 67.7
2014 74.2 67.4
2013 74.2 68.2
2012 74.5 68.7
2011 76.2 68.6
2010 75.4 67.6
2009 75.2 64.6
2008 74.7 63.8
2007 74.6 62.7
2006 75.3 60.5
2005 76.3 61.3
2004 78.9 64.7
2003 79.9 64.6
2002 79.4 64.8
2001 80.1 69.6
2000 76.4 68.7
1999 72.4 69.2
1998 72.7 65
1997 72.8 63.8
1996 72.5 62.5
1995 - 56.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Peru
Services, % of GDP
81.4%
2025
50.9%
2024
Industry, % of GDP
8.88%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2025
7.47%
2024
GNI, Atlas method
$65.8B
2025
$291B
2025
GNI per capita, PPP
$106,640
2025
$17,540
2025
Total reserves including gold
$3.06B
2025
$90.4B
2025
Total reserves ranking
120/177
2025
32/177
2025
Net foreign direct investment
$196B
2025
-$8.93B
2025
Net inflows of foreign direct investment
$106B
2024
$6.7B
2024
Net outflows of foreign direct investment
$109B
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI n/a
5.54%
2024
Poverty at national poverty lines
17.3%
2021
27.6%
2024
Gross capital formation, % of GDP
15.5%
2025
20.3%
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/luxembourg/peru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.