Luxembourg vs Somalia: Economic Indicators Comparison

Luxembourg with a GDP of $70.9B ranked the 72nd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Luxembourg and Somalia ranked 88th vs 97th and 3rd vs 196th, respectively.

Gross Domestic Product & Income

StatLuxembourgSomalia
GDP$70.9B$4.7B
GDP growth, 1 year3%3.1%
GDP growth, 5-years average3%2.9%
Population626k11M
GDP per capita$117k$315
GDP per capita growth1.18%-2.74%
Purchasing Power Parity conversion factor0.8711427.68
Price level ratio of PPP conversion factor GDP to market exchange rate1.03N/A
GDP per capita, PPP adjusted$107k$500
GNI, Atlas method$43.1B$959.2M
GNI per capita$71k$130
GNI, PPP adjusted$43.9BN/A
GNI per capita, PPP adjusted$72kN/A

Financial system and Human development

StatLuxembourgSomalia
Income Tax Rate42%N/A
Corporate Tax Rate18%N/A
Inflation, consumer prices2%1.5%
Inflation, GDP deflator2.5%215.5%
Unemployment5.5%14%
Economic Freedom Index75.829
Personal Freedom Index9.13.6
Human Freedom Index8.463.4
Property Rights Index86.420.1
Judical Effectiveness Index74.426.5
Business Freedom Index66.831.6
Fiscal Health Index99N/A
Labor Freedom Index45.3N/A
Investment Freedom Index95N/A
Financial Freedom Index80N/A
Trade Freedom Index86.4N/A
Monetary Freedom Index76.4N/A
Government Spending Index45.4N/A
Tax Burden Index64.1N/A
Government Integrity Index90.313.1
Corruption Perceptions Index8110
Life expectancy at birth, years82.756.7
Suicide mortality rate, per 100,000 people13.54.7
Mortality caused by road traffic injury, per 100,000 people6.327.1
Intentional homicides, per 100,000 people0.34.3
International tourism, number of arrivals1MN/A

Government debt & reserves

StatLuxembourgSomalia
Central government debt, % of GDP21.8%N/A
External debt stocks, % of GNIN/A39.4%
External debt stocksN/A$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary incomeN/A47.6%
Adjusted net savings including particulate emission damage, % of GNI20.9%N/A
Gross savings, % of GDP17.4%N/A
Gross capital formation, % of GDP17.6%15.5%
Total reserves including gold$938.9M$23.1M
Foreign direct investment net inflows-$5.6B$409M

Exports, imports and economic structure

StatLuxembourgSomalia
Exports of goods and services, % of GDP211.6%25.9%
Imports of goods and services, % of GDP175.5%99.6%
Current account balance (balance of payments)$3.4BN/A
Revenue excluding grants, % of GDP40.9%0%
Grants excluding technical cooperation, BoPN/A$1.5B
Personal remittances received$2.1B$21.7M
Industry including construction value added, % of GDP11.8%9.5%
Agriculture, forestry and fishing value added, % of GDP0.2%62.7%
Charges for the use of intellectual property, payments BoP$5BN/A
Charges for the use of intellectual property, receipts BoP$2.4BN/A
Expense, % of GDP38.7%0%
Government Expenditure, % of GDP42.7%N/A

Compare with countries close by GDP per capita

Luxembourg vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Somalia vs

CountryGDP
per capita
Population
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M