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Economy of Luxembourg vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Luxembourg has a GDP of $93.3B compared to $2.55B for Saint Lucia, ranking 74/197 and 173/197 by economy size, respectively.

Luxembourg has $24.5B in government debt (26.3% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Luxembourg vs Saint Lucia GDP by year

Luxembourg
Saint Lucia
1x
Year GDP, current $
Luxembourg Saint Lucia
2024 $93,279,851,863 $2,549,062,963
2023 $88,788,881,539 $2,430,166,667
2022 $80,801,680,397 $2,342,714,815
2021 $86,386,759,695 $1,867,185,185
2020 $73,670,782,100 $1,499,274,074
2019 $69,872,035,114 $2,095,344,444
2018 $71,085,623,495 $2,060,955,556
2017 $65,712,180,343 $1,998,503,704
2016 $62,216,885,436 $1,868,544,444
2015 $60,071,584,216 $1,807,640,741
2014 $68,804,811,898 $1,749,185,185
2013 $65,203,276,467 $1,660,392,593
2012 $59,776,383,527 $1,598,207,407
2011 $61,696,281,326 $1,568,370,370
2010 $56,213,985,987 $1,482,385,185
2009 $54,467,289,898 $1,401,507,889
2008 $58,844,277,702 $1,437,731,111
2007 $51,587,401,416 $1,336,088,815
2006 $42,910,146,296 $1,268,319,185
2005 $37,672,280,120 $1,135,555,556
2004 $35,064,843,793 $1,066,666,667
2003 $29,667,268,248 $987,407,407
2002 $23,649,833,332 $900,000,000
2001 $21,387,533,703 $892,592,593
2000 $21,230,182,989 $932,592,593
1999 $21,899,317,599 $921,851,852
1998 $20,150,053,345 $877,407,407
1997 $19,563,836,265 $805,925,926
1996 $20,895,314,658 $788,888,889
1995 $20,853,093,870 $762,962,963
1994 $17,701,798,891 $713,703,704
1993 $15,925,521,222 $684,814,815
1992 $15,518,702,635 $674,074,074
1991 $13,834,219,728 $613,703,704
1990 $12,778,792,854 $579,629,630
1989 $10,037,674,038 $486,666,667
1988 $9,418,167,855 $429,629,630
1987 $8,320,902,215 $375,555,556
1986 $6,685,595,088 $340,000,000
1985 $4,577,211,767 $284,444,444
1984 $4,438,435,493 $251,481,481
1983 $4,524,217,751 $197,037,037
1982 $4,602,316,793 $183,333,333
1981 $5,053,665,797 $194,444,444
1980 $6,019,805,490 $170,370,370
1979 $5,516,982,664 -
1978 $4,718,539,772 -
1977 $3,789,321,328 -
1976 $3,423,586,207 -
1975 $3,123,333,333 -
1974 $3,183,637,117 -
1973 $2,609,875,802 -
1972 $1,901,697,370 -
1971 $1,518,773,421 -
1970 $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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/luxembourg/saint-lucia | CC BY

GDP per capita in Luxembourg vs Saint Lucia by year

Luxembourg
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $137,782 $155,941 $14,182 $27,567
2023 $133,231 $150,508 $13,555 $25,975
2022 $123,720 $146,919 $13,104 $24,599
2021 $134,966 $136,772 $10,459 $19,101
2020 $116,860 $122,067 $8,411 $14,912
2019 $112,697 $121,372 $11,794 $18,710
2018 $116,927 $116,638 $11,643 $17,433
2017 $110,193 $114,986 $11,333 $16,131
2016 $106,899 $113,365 $10,638 $15,307
2015 $105,462 $107,860 $10,335 $14,353
2014 $123,679 $105,296 $10,045 $14,403
2013 $120,000 $100,925 $9,577 $14,010
2012 $112,585 $96,636 $9,260 $13,443
2011 $119,025 $94,475 $9,129 $13,471
2010 $110,886 $90,336 $8,674 $12,718
2009 $109,420 $86,919 $8,251 $12,600
2008 $120,422 $90,971 $8,517 $12,969
2007 $107,475 $85,126 $7,964 $12,199
2006 $90,789 $78,861 $7,611 $11,758
2005 $80,988 $68,788 $6,863 $10,818
2004 $76,545 $64,686 $6,495 $10,610
2003 $65,689 $60,192 $6,059 $9,707
2002 $53,006 $58,576 $5,568 $9,205
2001 $48,440 $56,136 $5,570 $9,106
2000 $48,660 $55,136 $5,880 $9,314
1999 $50,872 $49,845 $5,883 $9,214
1998 $47,445 $44,270 $5,673 $8,965
1997 $46,642 $42,488 $5,282 $8,456
1996 $50,444 $39,722 $5,244 $8,490
1995 $51,032 $38,345 $5,148 $8,222
1994 $43,933 $37,551 $4,892 $8,041
1993 $40,067 $35,899 $4,765 $7,865
1992 $39,571 $34,108 $4,760 $7,753
1991 $35,747 $33,191 $4,399 $7,127
1990 $33,465 $29,949 $4,205 $6,951
1989 $26,618 - $3,565 -
1988 $25,219 - $3,182 -
1987 $22,443 - $2,819 -
1986 $18,150 - $2,591 -
1985 $12,482 - $2,202 -
1984 $12,127 - $1,979 -
1983 $12,374 - $1,576 -
1982 $12,591 - $1,489 -
1981 $13,837 - $1,605 -
1980 $16,531 - $1,428 -
1979 $15,204 - - -
1978 $13,034 - - -
1977 $10,486 - - -
1976 $9,491 - - -
1975 $8,701 - - -
1974 $8,967 - - -
1973 $7,447 - - -
1972 $5,487 - - -
1971 $4,435 - - -
1970 $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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/luxembourg/saint-lucia | CC BY

Luxembourg's GDP per capita is $137,782, ranking 3/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Luxembourg Saint Lucia
Gross domestic product
$93.3B
2024
$2.55B
2024
GDP rank
74/197
2024
173/197
2024
GDP growth
0.36%
2023-2024
3.89%
2023-2024
GDP per capita
$137,782
2024
$14,182
2024
GDP per capita rank
3/197
2024
70/197
2024
GDP per capita, PPP
$155,941
2024
$27,567
2024
GDP per capita PPP rank
1/197
2024
75/197
2024
Government debt
$24.5B
2024
$1.97B
2024
Debt-to-GDP ratio
26.3%
2024
77.2%
2024
Government debt per person
$36,221
2024
$10,952
2024
Government debt per person rank
19/185
2024
52/185
2024
Average annual personal income after taxes
$69,593
2026
$10,412
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
34.1%
2015
Income share by poorest 10%
2.8%
2023
2.1%
2015
Government expenditure, % of GDP
46.9%
2024
24.5%
2024
Consumer prices inflation
2.05%
2023-2024
-0.11%
2023-2024
Unemployment rate
6.42%
2024
10.1%
2024
Population
693885
180638

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Luxembourg Saint Lucia
Government spending Government debt Government spending Government debt
2024 46.9% 26.3% 24.5% 77.2%
2023 46.4% 24.7% 25.6% 76.6%
2022 44.3% 24.9% 23% 74.4%
2021 42.4% 24.2% 27.4% 87%
2020 47% 24.5% 34.9% 100%
2019 43.1% 22.3% 25.1% 62.1%
2018 42.3% 20.9% 23.2% 60.5%
2017 41.3% 21.8% 23.3% 60.4%
2016 40% 19.6% 23% 61.3%
2015 40.4% 21.1% 23.7% 61.1%
2014 40.6% 21.9% 23.6% 62.4%
2013 41.2% 22.4% 25.4% 62.1%
2012 41.8% 20.8% 28% 60.8%
2011 41.5% 18.5% 27% 55.2%
2010 42% 19.1% 26% 53%
2009 42.7% 15.3% 24.5% 51%
2008 37.9% 14.6% 22.2% 46.7%
2007 37.4% 8.09% 22.6% 49.1%
2006 39.4% 8.21% 24.7% 48.6%
2005 43.4% 7.95% 26% 51.9%
2004 43.7% 7.83% 22.9% 49.6%
2003 43.3% 7.43% 22.9% 45.6%
2002 41.8% 7.45% 23.6% 48.8%
2001 38.1% 7.62% 22.1% 38.1%
2000 38% 7.49% 20.7% 32.5%
1999 41.7% 8.39% 20.9% 28.9%
1998 43.9% 9.51% 18.8% 29.4%
1997 44.2% 10.1% 19.5% 27.2%
1996 42.5% 10.2% 18.9% 24.1%
1995 42% 10.3% 19.2% 22.9%
1994 - - 19.1% 23.8%
1993 - - 21.8% 22.9%
1992 - - 18.4% 22.2%
1991 - - 18.4% 19.8%
1990 - - 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/luxembourg/saint-lucia | CC BY

In 2024, Luxembourg's government spending was $43.7B, accounting for 46.9% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 26.3% in Luxembourg and 77.2% in Saint Lucia, ranking 162/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Luxembourg Saint Lucia
2024 1.03% -2.13%
2023 -0.78% -3.09%
2022 0.18% -1.67%
2021 1% -5.1%
2020 -3.09% -12%
2019 2.68% -3.51%
2018 3.17% -1.03%
2017 1.37% -1.14%
2016 1.89% -0.79%
2015 1.3% -2.35%
2014 1.33% -3.08%
2013 0.84% -4.84%
2012 0.5% -7.62%
2011 0.65% -5.38%
2010 -0.26% -4.17%
2009 -0.21% -2.67%
2008 3.37% -0.72%
2007 4.35% -1.62%
2006 1.9% -5.07%
2005 -0.21% -6.18%
2004 -1.39% -2.63%
2003 0.28% -3.23%
2002 2.03% -3.1%
2001 5.62% -3.08%
2000 5.55% -1.16%
1999 3.24% 1.62%
1998 2.98% 2.25%
1997 2.65% -1.13%
1996 2.37% -0.58%
1995 2.71% -0.13%
1994 - -0.02%
1993 - -0.26%
1992 - -0.66%
1991 - -0.43%
1990 - 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/luxembourg/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 30 years, Luxembourg recorded a fiscal deficit in 6 of those years, while Saint Lucia ran a deficit in 28 years. On average, Luxembourg posted an annual surplus equal to 1.57% of GDP, compared to deficit of 2.85% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Luxembourg

Saint Lucia
1x
Year Consumer prices inflation
Luxembourg Saint Lucia
2024 2.05% -0.11%
2023 3.74% 4.07%
2022 6.34% 6.38%
2021 2.53% 2.41%
2020 0.82% -1.76%
2019 1.74% 0.54%
2018 1.53% 1.94%
2017 1.73% 0.1%
2016 0.29% -3.08%
2015 0.47% -0.98%
2014 0.63% 3.52%
2013 1.73% 1.47%
2012 2.66% 4.18%
2011 3.41% 2.77%
2010 2.27% 3.25%
2009 0.37% -0.16%
2008 3.4% 5.55%
2007 2.31% 2.82%
2006 2.67% 2.4%
2005 2.49% 3.9%
2004 2.23% 1.46%
2003 2.05% 1.03%
2002 2.07% -0.26%
2001 2.66% 5.31%
2000 3.15% 3.71%
1999 1.03% 3.5%
1998 0.96% 3.2%
1997 1.37% -0.006%

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

GeoRank.org/economy/luxembourg/saint-lucia | CC BY

Over the past 28 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 2.04% in Saint Lucia. In 2024, inflation was 2.05% in Luxembourg and -0.11% in Saint Lucia.

Top exports between countries

Luxembourg
Export category Export value
Chemicals & pharma $24K
Machinery & equipment $17K
Saint Lucia
Export category Export value

Balance of trade

Luxembourg Saint Lucia
Current account balance
$4.1B
2024
-$64.1M
2024
Current account balance ranking
35/190
2024
86/190
2024
Current account balance, % of GDP
+4.4%
2024
-2.52%
2024
Goods imports
$29.4B
2024
$848M
2024
Goods exports
$31.3B
2024
$137M
2024
Service imports
$117B
2024
$598M
2024
Service exports
$150B
2024
$1.46B
2024
Imports of goods and services, % of GDP
159.7%
2024
n/a
Exports of goods and services, % of GDP
191.5%
2024
19%
2025

Economic freedom indices

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

Luxembourg Saint Lucia
Economic freedom 79.7 67.5
Economic freedom ranking 7/197 57/197
Property rights 96.6 64.3
Government integrity 88.7 59.7
Judicial effectiveness 99.1 77.3
Tax burden 62.3 77.7
Government spending 36.9 82.6
Fiscal health 98.6 80
Business freedom 89.5 71.9
Labor freedom 56.7 65.2
Monetary freedom 74.1 81
Trade freedom 79.4 60
Investment freedom 95 50
Financial freedom 80 40

Economic freedom comparison by year

Luxembourg
Saint Lucia
1x
Year Economic freedom index
Luxembourg Saint Lucia
2026 79.7 67.5
2025 79.5 67
2024 79.2 62.2
2023 78.4 60.7
2022 80.6 64.3
2021 76 67.5
2020 75.8 68.2
2019 75.9 68.7
2018 76.4 67.6
2017 75.9 65
2016 73.9 70
2015 73.2 70.2
2014 74.2 70.7
2013 74.2 70.4
2012 74.5 71.3
2011 76.2 70.8
2010 75.4 70.5
2009 75.2 68.8
2008 74.7 -
2007 74.6 -
2006 75.3 -
2005 76.3 -
2004 78.9 -
2003 79.9 -
2002 79.4 -
2001 80.1 -
2000 76.4 -
1999 72.4 -
1998 72.7 -
1997 72.8 -
1996 72.5 -

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

GeoRank.org/economy/luxembourg/saint-lucia | CC BY

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Saint Lucia
Services, % of GDP
81.2%
2024
75.9%
2024
Industry, % of GDP
9.66%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
0.21%
2024
1.13%
2024
GNI, Atlas method
$57.3B
2024
$2.27B
2024
GNI per capita, PPP
$110,650
2024
$24,840
2024
Total reserves including gold
$2.79B
2024
$406M
2024
Total reserves ranking
119/177
2024
162/177
2024
Net foreign direct investment
$21.4B
2024
-$187M
2024
Net inflows of foreign direct investment
$106B
2024
$187M
2024
Net outflows of foreign direct investment
$109B
2024
-$350K
2024
Servicing debt to the IMF, % of GNI n/a
3.42%
2024
Poverty at national poverty lines
17.3%
2021
25%
2016
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/saint-lucia | 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 (1990–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.