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Luxembourg vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Singapore and Luxembourg ranked 76th vs 88th and 10th vs 3rd, respectively.

Gross Domestic Product & Income

StatLuxembourgSingapore
GDP$70.9B$364.2B
GDP growth, 1 year3%3.2%
GDP growth, 5-years average3%3.3%
Population614k5.9M
GDP per capita$117k$65k
GDP per capita growth1.18%2.66%
Purchasing Power Parity conversion factor0.870.86
Price level ratio of PPP conversion factor GDP to market exchange rate1.030.64
GDP per capita, PPP adjusted$107k$100k
GNI, Atlas method$43.1B$331.4B
GNI per capita$71k$59k
GNI, PPP adjusted$43.9B$533.8B
GNI per capita, PPP adjusted$72k$95k

Financial system and Human development

StatLuxembourgSingapore
Income Tax Rate42%22%
Corporate Tax Rate18%17%
Inflation, consumer prices2%0.4%
Inflation, GDP deflator2.5%1.9%
Unemployment5.5%3.8%
Economic Freedom Index75.889.4
Personal Freedom Index9.17.44
Human Freedom Index8.468.1
Property Rights Index86.496.8
Judical Effectiveness Index74.492.9
Business Freedom Index66.892.8
Fiscal Health Index9980
Labor Freedom Index45.390.9
Investment Freedom Index9585
Financial Freedom Index8080
Trade Freedom Index86.494.8
Monetary Freedom Index76.485.6
Government Spending Index45.491.1
Tax Burden Index64.190.3
Government Integrity Index90.392.4
Corruption Perceptions Index8185
Life expectancy at birth, years82.782.9
Suicide mortality rate, per 100,000 people13.59.9
Mortality caused by road traffic injury, per 100,000 people6.32.8
Intentional homicides, per 100,000 people0.30.2
International tourism, number of arrivals1M14.7M

Government debt & reserves

StatLuxembourgSingapore
Central government debt, % of GDP21.8%108.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI20.9%36.8%
Gross savings, % of GDP17.4%45.8%
Gross capital formation, % of GDP17.6%26.6%
Total reserves including gold$938.9M$292.7B
Foreign direct investment net inflows-$5.6B$82B

Exports, imports and economic structure

StatLuxembourgSingapore
Exports of goods and services, % of GDP211.6%176.4%
Imports of goods and services, % of GDP175.5%149.8%
Current account balance (balance of payments)$3.4B$65.1B
Revenue excluding grants, % of GDP40.9%18.8%
Grants excluding technical cooperation, BoPN/A$1.6M
Personal remittances received$2.1BN/A
Industry including construction value added, % of GDP11.8%25.2%
Agriculture, forestry and fishing value added, % of GDP0.2%0%
Charges for the use of intellectual property, payments BoP$5B$15.2B
Charges for the use of intellectual property, receipts BoP$2.4B$8.7B
Expense, % of GDP38.7%15.2%
Government Expenditure, % of GDP42.7%17.2%

Compare with countries close by GDP per capita

Luxembourg vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k