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Economy of Luxembourg vs Slovenia compared: GDP & Debt

Updated on by Georank team

Luxembourg has a GDP of $93.3B compared to $73B for Slovenia, ranking 74/197 and 86/197 by economy size, respectively.

Luxembourg has $24.5B in government debt (26.3% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Luxembourg vs Slovenia GDP by year

Luxembourg
Slovenia
1x
Year GDP, current $
Luxembourg Slovenia
2024 $93,279,851,863 $72,972,015,197
2023 $88,788,881,539 $69,255,264,238
2022 $80,801,680,397 $59,899,117,741
2021 $86,386,759,695 $61,540,813,362
2020 $73,670,782,100 $53,384,760,135
2019 $69,872,035,114 $53,909,922,736
2018 $71,085,623,495 $53,689,067,640
2017 $65,712,180,343 $48,153,200,135
2016 $62,216,885,436 $44,290,685,824
2015 $60,071,584,216 $42,709,468,275
2014 $68,804,811,898 $49,514,466,380
2013 $65,203,276,467 $47,867,056,859
2012 $59,776,383,527 $46,167,053,954
2011 $61,696,281,326 $51,199,194,599
2010 $56,213,985,987 $47,793,117,241
2009 $54,467,289,898 $49,975,540,955
2008 $58,844,277,702 $55,509,332,322
2007 $51,587,401,416 $47,880,266,543
2006 $42,910,146,296 $39,260,368,837
2005 $37,672,280,120 $35,947,936,824
2004 $35,064,843,793 $34,156,553,313
2003 $29,667,268,248 $29,360,575,032
2002 $23,649,833,332 $23,214,593,516
2001 $21,387,533,703 $20,668,868,707
2000 $21,230,182,989 $20,159,190,702
1999 $21,899,317,599 $22,609,669,084
1998 $20,150,053,345 $22,058,635,314
1997 $19,563,836,265 $20,726,878,752
1996 $20,895,314,658 $21,470,699,363
1995 $20,853,093,870 $21,367,422,159
1994 $17,701,798,891 $16,400,767,070
1993 $15,925,521,222 $14,449,298,372
1992 $15,518,702,635 $14,277,261,541
1991 $13,834,219,728 $14,454,495,059
1990 $12,778,792,854 $19,832,029,087
1989 $10,037,674,038 -
1988 $9,418,167,855 -
1987 $8,320,902,215 -
1986 $6,685,595,088 -
1985 $4,577,211,767 -
1984 $4,438,435,493 -
1983 $4,524,217,751 -
1982 $4,602,316,793 -
1981 $5,053,665,797 -
1980 $6,019,805,490 -
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/slovenia | CC BY

GDP per capita in Luxembourg vs Slovenia by year

Luxembourg
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $137,782 $155,941 $34,301 $57,186
2023 $133,231 $150,508 $32,660 $56,064
2022 $123,720 $146,919 $28,360 $52,347
2021 $134,966 $136,772 $29,193 $45,914
2020 $116,860 $122,067 $25,392 $41,767
2019 $112,697 $121,372 $25,814 $42,373
2018 $116,927 $116,638 $25,888 $38,620
2017 $110,193 $114,986 $23,303 $36,180
2016 $106,899 $113,365 $21,448 $33,575
2015 $105,462 $107,860 $20,697 $31,336
2014 $123,679 $105,296 $24,013 $30,572
2013 $120,000 $100,925 $23,237 $29,634
2012 $112,585 $96,636 $22,442 $28,787
2011 $119,025 $94,475 $24,941 $28,716
2010 $110,886 $90,336 $23,330 $27,579
2009 $109,420 $86,919 $24,502 $27,229
2008 $120,422 $90,971 $27,462 $29,461
2007 $107,475 $85,126 $23,725 $27,468
2006 $90,789 $78,861 $19,563 $25,571
2005 $80,988 $68,788 $17,970 $23,682
2004 $76,545 $64,686 $17,104 $22,588
2003 $65,689 $60,192 $14,712 $20,916
2002 $53,006 $58,576 $11,639 $20,004
2001 $48,440 $56,136 $10,376 $18,763
2000 $48,660 $55,136 $10,136 $17,892
1999 $50,872 $49,845 $11,401 $17,007
1998 $47,445 $44,270 $11,132 $15,994
1997 $46,642 $42,488 $10,437 $15,257
1996 $50,444 $39,722 $10,797 $14,284
1995 $51,032 $38,345 $10,738 $13,637
1994 $43,933 $37,551 $8,244 $13,975
1993 $40,067 $35,899 $7,255 $12,976
1992 $39,571 $34,108 $7,151 $12,296
1991 $35,747 $33,191 $7,229 $12,698
1990 $33,465 $29,949 $9,925 $13,491
1989 $26,618 - - -
1988 $25,219 - - -
1987 $22,443 - - -
1986 $18,150 - - -
1985 $12,482 - - -
1984 $12,127 - - -
1983 $12,374 - - -
1982 $12,591 - - -
1981 $13,837 - - -
1980 $16,531 - - -
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/slovenia | CC BY

Luxembourg's GDP per capita is $137,782, ranking 3/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Slovenia ranks 37th at $57,186.

Economic indicators

Luxembourg Slovenia
Gross domestic product
$93.3B
2024
$73B
2024
GDP rank
74/197
2024
86/197
2024
GDP growth
0.36%
2023-2024
1.73%
2023-2024
GDP per capita
$137,782
2024
$34,301
2024
GDP per capita rank
3/197
2024
34/197
2024
GDP per capita, PPP
$155,941
2024
$57,186
2024
GDP per capita PPP rank
1/197
2024
37/197
2024
Government debt
$24.5B
2024
$48.6B
2024
Debt-to-GDP ratio
26.3%
2024
66.6%
2024
Government debt per person
$36,221
2024
$22,842
2024
Government debt per person rank
19/185
2024
29/185
2024
Average annual personal income after taxes
$69,593
2026
$22,215
2026
Market capitalization of domestic companies
$41.9B
2024
$11.4B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
25%
2023
20.6%
2023
Income share by poorest 10%
2.8%
2023
4.1%
2023
Government expenditure, % of GDP
46.9%
2024
46.5%
2024
Consumer prices inflation
2.05%
2023-2024
1.97%
2023-2024
Unemployment rate
6.42%
2024
3.7%
2024
Population
693885
2124138

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Luxembourg Slovenia
Government spending Government debt Government spending Government debt
2024 46.9% 26.3% 46.5% 66.6%
2023 46.4% 24.7% 46.4% 68.3%
2022 44.3% 24.9% 47.7% 72.8%
2021 42.4% 24.2% 49.9% 74.8%
2020 47% 24.5% 51.8% 80.2%
2019 43.1% 22.3% 43.8% 66%
2018 42.3% 20.9% 44.1% 71%
2017 41.3% 21.8% 44.6% 74.9%
2016 40% 19.6% 46.9% 79.4%
2015 40.4% 21.1% 49.5% 83.4%
2014 40.6% 21.9% 50.6% 81.1%
2013 41.2% 22.4% 57.7% 70.8%
2012 41.8% 20.8% 50% 54.1%
2011 41.5% 18.5% 51.4% 46.8%
2010 42% 19.1% 50.7% 38.6%
2009 42.7% 15.3% 50% 34.9%
2008 37.9% 14.6% 45.2% 21.9%
2007 37.4% 8.09% 43.5% 22.9%
2006 39.4% 8.21% 45.7% 26.2%
2005 43.4% 7.95% 46.7% 26.6%
2004 43.7% 7.83% 46.9% 27.1%
2003 43.3% 7.43% 47.6% 27%
2002 41.8% 7.45% 47.8% 27.7%
2001 38.1% 7.62% 49.2% 26.3%
2000 38% 7.49% 47.8% 26.1%
1999 41.7% 8.39% 47.2% 23.8%
1998 43.9% 9.51% 46.4% 22.8%
1997 44.2% 10.1% 45.4% 22.1%
1996 42.5% 10.2% 45.2% 21.6%
1995 42% 10.3% 53% 18.2%

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

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

In 2024, Luxembourg's government spending was $43.7B, accounting for 46.9% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 26.3% in Luxembourg and 66.6% in Slovenia, ranking 162/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Slovenia
1x
Year Deficit/surplus, % of GDP
Luxembourg Slovenia
2024 1.03% -0.93%
2023 -0.78% -2.59%
2022 0.18% -3.02%
2021 1% -4.61%
2020 -3.09% -7.68%
2019 2.68% 0.68%
2018 3.17% 0.9%
2017 1.37% 0.05%
2016 1.89% -2%
2015 1.3% -2.84%
2014 1.33% -4.53%
2013 0.84% -11.2%
2012 0.5% -4.2%
2011 0.65% -6.69%
2010 -0.26% -5.56%
2009 -0.21% -5.87%
2008 3.37% -1.44%
2007 4.35% -0.08%
2006 1.9% -1.26%
2005 -0.21% -1.38%
2004 -1.39% -1.98%
2003 0.28% -2.66%
2002 2.03% -2.47%
2001 5.62% -4.58%
2000 5.55% -3.77%
1999 3.24% -3.04%
1998 2.98% -2.39%
1997 2.65% -2.37%
1996 2.37% -1.16%
1995 2.71% -8.19%

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

GeoRank.org/economy/luxembourg/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Luxembourg recorded a fiscal deficit in 6 of those years, while Slovenia ran a deficit in 27 years. On average, Luxembourg posted an annual surplus equal to 1.57% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Luxembourg

Slovenia
1x
Year Consumer prices inflation
Luxembourg Slovenia
2024 2.05% 1.97%
2023 3.74% 7.45%
2022 6.34% 8.83%
2021 2.53% 1.92%
2020 0.82% -0.05%
2019 1.74% 1.63%
2018 1.53% 1.74%
2017 1.73% 1.43%
2016 0.29% -0.05%
2015 0.47% -0.53%
2014 0.63% 0.2%
2013 1.73% 1.77%
2012 2.66% 2.6%
2011 3.41% 1.8%
2010 2.27% 1.8%
2009 0.37% 0.84%
2008 3.4% 5.65%
2007 2.31% 3.66%
2006 2.67% 2.46%
2005 2.49% 2.45%
2004 2.23% 3.59%
2003 2.05% 5.54%
2002 2.07% 7.48%
2001 2.66% 8.38%
2000 3.15% 8.91%
1999 1.03% 6.16%
1998 0.96% 7.89%
1997 1.37% 8.36%

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

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

Over the past 28 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 3.71% in Slovenia. In 2024, inflation was 2.05% in Luxembourg and 1.97% in Slovenia.

Top exports between countries

Luxembourg
Export category Export value
Machinery & equipment $17.2M
Business & finance services $15.3M
Textiles & consumer goods $14.1M
Transport & tourism services $10.5M
Raw materials & minerals $7.7M
Chemicals & pharma $3.62M
Processed food, beverages & tobacco $1.36M
Raw agricultural goods $1.16M
Metals $798K
Wood & paper products $714K
Slovenia
Export category Export value
Business & finance services $13.7M
Machinery & equipment $10.4M
Transport & tourism services $8.07M
Processed food, beverages & tobacco $6.19M
Metals $5.59M
Textiles & consumer goods $5.31M
Chemicals & pharma $5.04M
Manufacturing & construction services $2.76M
Wood & paper products $1.39M
Raw materials & minerals $1.02M

Balance of trade

Luxembourg Slovenia
Current account balance
$4.1B
2024
$3.32B
2024
Current account balance ranking
35/190
2024
37/190
2024
Current account balance, % of GDP
+4.4%
2024
+4.55%
2024
Goods imports
$29.4B
2024
$45.2B
2024
Goods exports
$31.3B
2024
$45.6B
2024
Service imports
$117B
2024
$9.52B
2024
Service exports
$150B
2024
$13.6B
2024
Imports of goods and services, % of GDP
159.7%
2024
74.7%
2024
Exports of goods and services, % of GDP
191.5%
2024
80.9%
2024

Economic freedom indices

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

Luxembourg Slovenia
Economic freedom 79.7 69.7
Economic freedom ranking 7/197 40/197
Property rights 96.6 87.6
Government integrity 88.7 66.1
Judicial effectiveness 99.1 91.6
Tax burden 62.3 55.5
Government spending 36.9 34.1
Fiscal health 98.6 83.5
Business freedom 89.5 78.7
Labor freedom 56.7 62.7
Monetary freedom 74.1 77.5
Trade freedom 79.4 79.4
Investment freedom 95 70
Financial freedom 80 50

Economic freedom comparison by year

Luxembourg
Slovenia
1x
Year Economic freedom index
Luxembourg Slovenia
2026 79.7 69.7
2025 79.5 68.3
2024 79.2 65.9
2023 78.4 68.5
2022 80.6 70.5
2021 76 68.3
2020 75.8 67.8
2019 75.9 65.5
2018 76.4 64.8
2017 75.9 59.2
2016 73.9 60.6
2015 73.2 60.3
2014 74.2 62.7
2013 74.2 61.7
2012 74.5 62.9
2011 76.2 64.6
2010 75.4 64.7
2009 75.2 62.9
2008 74.7 60.2
2007 74.6 59.6
2006 75.3 61.9
2005 76.3 59.6
2004 78.9 59.2
2003 79.9 57.7
2002 79.4 57.8
2001 80.1 61.8
2000 76.4 58.3
1999 72.4 61.3
1998 72.7 60.7
1997 72.8 55.6
1996 72.5 50.4

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

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Slovenia
Services, % of GDP
81.2%
2024
57.9%
2024
Industry, % of GDP
9.66%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.21%
2024
1.54%
2024
GNI, Atlas method
$57.3B
2024
$67.6B
2024
GNI per capita, PPP
$110,650
2024
$56,520
2024
Total reserves including gold
$2.79B
2024
$2.83B
2024
Total reserves ranking
119/177
2024
118/177
2024
Net foreign direct investment
$21.4B
2024
-$405M
2024
Net inflows of foreign direct investment
$106B
2024
$1.87B
2024
Net outflows of foreign direct investment
$109B
2024
$1.46B
2024
Poverty at national poverty lines
17.3%
2021
12.7%
2022
Gross capital formation, % of GDP
15.8%
2024
21.5%
2024

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/slovenia | 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 (2023–2024, 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.

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.