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Economy of Luxembourg vs Suriname compared: GDP & Debt

Updated on by Georank team

Luxembourg has a GDP of $93.3B compared to $4.42B for Suriname, ranking 74/197 and 164/197 by economy size, respectively.

Luxembourg has $24.5B in government debt (26.3% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Luxembourg vs Suriname GDP by year

Luxembourg
Suriname
1x
Year GDP, current $
Luxembourg Suriname
2024 $93,279,851,863 $4,416,775,112
2023 $88,788,881,539 $3,472,693,412
2022 $80,801,680,397 $3,791,603,200
2021 $86,386,759,695 $3,107,923,198
2020 $73,670,782,100 $2,911,807,496
2019 $69,872,035,114 $4,016,040,575
2018 $71,085,623,495 $3,996,198,867
2017 $65,712,180,343 $3,591,679,431
2016 $62,216,885,436 $3,317,421,648
2015 $60,071,584,216 $5,126,237,646
2014 $68,804,811,898 $5,240,606,061
2013 $65,203,276,467 $5,145,757,576
2012 $59,776,383,527 $4,980,000,000
2011 $61,696,281,326 $4,422,276,622
2010 $56,213,985,987 $4,368,370,998
2009 $54,467,289,898 $3,875,409,836
2008 $58,844,277,702 $3,532,969,035
2007 $51,587,401,416 $2,936,612,022
2006 $42,910,146,296 $2,626,380,435
2005 $37,672,280,120 $1,793,410,397
2004 $35,064,843,793 $1,484,092,538
2003 $29,667,268,248 $1,274,190,311
2002 $23,649,833,332 $1,093,574,468
2001 $21,387,533,703 $834,279,358
2000 $21,230,182,989 $947,671,970
1999 $21,899,317,599 $886,290,698
1998 $20,150,053,345 $1,110,850,000
1997 $19,563,836,265 $926,422,500
1996 $20,895,314,658 $861,372,806
1995 $20,853,093,870 $691,590,498
1994 $17,701,798,891 $605,492,537
1993 $15,925,521,222 $428,764,706
1992 $15,518,702,635 $404,600,000
1991 $13,834,219,728 $448,100,000
1990 $12,778,792,854 $388,400,000
1989 $10,037,674,038 $542,600,000
1988 $9,418,167,855 $1,161,000,000
1987 $8,320,902,215 $980,000,000
1986 $6,685,595,088 $891,000,000
1985 $4,577,211,767 $873,000,000
1984 $4,438,435,493 $864,000,000
1983 $4,524,217,751 $883,500,000
1982 $4,602,316,793 $915,000,000
1981 $5,053,665,797 $889,000,000
1980 $6,019,805,490 $795,000,000
1979 $5,516,982,664 $782,500,000
1978 $4,718,539,772 $735,500,000
1977 $3,789,321,328 $641,500,000
1976 $3,423,586,207 $505,500,000
1975 $3,123,333,333 $465,500,000
1974 $3,183,637,117 $409,850,000
1973 $2,609,875,802 $339,450,000
1972 $1,901,697,370 $311,950,000
1971 $1,518,773,421 $301,000,000
1970 $1,457,768,455 $274,900,000
1969 $1,245,432,991 $259,650,000
1968 $1,075,561,623 $241,350,000
1967 $983,052,315 $220,700,000
1966 $976,717,015 $190,350,000
1965 $929,477,285 $154,150,000
1964 $910,877,686 $134,400,000
1963 $797,902,154 $125,950,000
1962 $747,846,862 $116,150,000
1961 $710,163,719 $107,700,000
1960 $709,941,874 $99,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Luxembourg vs Suriname by year

Luxembourg
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $137,782 $155,941 $6,962 $21,801
2023 $133,231 $150,508 $5,522 $21,110
2022 $123,720 $146,919 $6,084 $20,079
2021 $134,966 $136,772 $5,030 $18,458
2020 $116,860 $122,067 $4,755 $16,947
2019 $112,697 $121,372 $6,630 $19,772
2018 $116,927 $116,638 $6,666 $17,855
2017 $110,193 $114,986 $6,050 $17,568
2016 $106,899 $113,365 $5,644 $14,475
2015 $105,462 $107,860 $8,814 $16,544
2014 $123,679 $105,296 $9,108 $16,598
2013 $120,000 $100,925 $9,043 $16,173
2012 $112,585 $96,636 $8,851 $15,185
2011 $119,025 $94,475 $7,950 $13,926
2010 $110,886 $90,336 $7,944 $13,039
2009 $109,420 $86,919 $7,130 $12,393
2008 $120,422 $90,971 $6,576 $12,097
2007 $107,475 $85,126 $5,530 $11,530
2006 $90,789 $78,861 $5,003 $10,803
2005 $80,988 $68,788 $3,453 $10,014
2004 $76,545 $64,686 $2,888 $9,389
2003 $65,689 $60,192 $2,516 $8,552
2002 $53,006 $58,576 $2,202 $8,046
2001 $48,440 $56,136 $1,715 $7,865
2000 $48,660 $55,136 $1,988 $7,535
1999 $50,872 $49,845 $1,898 $7,367
1998 $47,445 $44,270 $2,429 $7,521
1997 $46,642 $42,488 $2,068 $7,422
1996 $50,444 $39,722 $1,963 $7,048
1995 $51,032 $38,345 $1,610 $7,000
1994 $43,933 $37,551 $1,434 $6,973
1993 $40,067 $35,899 $1,022 $6,650
1992 $39,571 $34,108 $969 $6,992
1991 $35,747 $33,191 $1,080 $6,852
1990 $33,465 $29,949 $942 $6,493
1989 $26,618 - $1,329 -
1988 $25,219 - $2,886 -
1987 $22,443 - $2,469 -
1986 $18,150 - $2,271 -
1985 $12,482 - $2,256 -
1984 $12,127 - $2,261 -
1983 $12,374 - $2,333 -
1982 $12,591 - $2,430 -
1981 $13,837 - $2,368 -
1980 $16,531 - $2,118 -
1979 $15,204 - $2,072 -
1978 $13,034 - $1,928 -
1977 $10,486 - $1,666 -
1976 $9,491 - $1,302 -
1975 $8,701 - $1,190 -
1974 $8,967 - $1,041 -
1973 $7,447 - $858 -
1972 $5,487 - $785 -
1971 $4,435 - $768 -
1970 $4,298 - $724 -
1969 $3,690 - $708 -
1968 $3,203 - $681 -
1967 $2,935 - $644 -
1966 $2,925 - $575 -
1965 $2,804 - $482 -
1964 $2,779 - $435 -
1963 $2,462 - $424 -
1962 $2,332 - $409 -
1961 $2,241 - $395 -
1960 $2,261 - $378 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Luxembourg's GDP per capita is $137,782, ranking 3/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Suriname ranks 89th at $21,801.

Economic indicators

Luxembourg Suriname
Gross domestic product
$93.3B
2024
$4.42B
2024
GDP rank
74/197
2024
164/197
2024
GDP growth
0.36%
2023-2024
1.72%
2023-2024
GDP per capita
$137,782
2024
$6,962
2024
GDP per capita rank
3/197
2024
102/197
2024
GDP per capita, PPP
$155,941
2024
$21,801
2024
GDP per capita PPP rank
1/197
2024
89/197
2024
Government debt
$24.5B
2024
$3.86B
2024
Debt-to-GDP ratio
26.3%
2024
87.3%
2024
Government debt per person
$36,221
2024
$6,077
2024
Government debt per person rank
19/185
2024
74/185
2024
Average annual personal income after taxes
$69,593
2026
$3,263
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
30.1%
2022
Income share by poorest 10%
2.8%
2023
2.2%
2022
Government expenditure, % of GDP
46.9%
2024
29.2%
2024
Consumer prices inflation
2.05%
2023-2024
16.2%
2023-2024
Central bank interest rate n/a
10%
2013
Unemployment rate
6.42%
2024
7.92%
2016
Population
693885
646767

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Luxembourg Suriname
Government spending Government debt Government spending Government debt
2024 46.9% 26.3% 29.2% 87.3%
2023 46.4% 24.7% 29% 98.2%
2022 44.3% 24.9% 29.5% 116.9%
2021 42.4% 24.2% 32% 115.8%
2020 47% 24.5% 30.2% 146.4%
2019 43.1% 22.3% 40.5% 84%
2018 42.3% 20.9% 29.5% 68.6%
2017 41.3% 21.8% 28.7% 73%
2016 40% 19.6% 27.9% 75.4%
2015 40.4% 21.1% 29.9% 41.2%
2014 40.6% 21.9% 25.2% 25.2%
2013 41.2% 22.4% 26.2% 27.9%
2012 41.8% 20.8% 25.1% 20.1%
2011 41.5% 18.5% 21% 18.7%
2010 42% 19.1% 21% 17.3%
2009 42.7% 15.3% 24% 14.6%
2008 37.9% 14.6% 20.5% 14.8%
2007 37.4% 8.09% 22.6% 16.4%
2006 39.4% 8.21% 22.2% 22.5%
2005 43.4% 7.95% 22.2% 27.1%
2004 43.7% 7.83% 20.8% 29.4%
2003 43.3% 7.43% 19.2% 31.5%
2002 41.8% 7.45% 22.2% 37.4%
2001 38.1% 7.62% 21.8% 37.2%
2000 38% 7.49% 24.4% 48.4%
1999 41.7% 8.39% 19.6% 32.3%
1998 43.9% 9.51% 30.3% 21.6%
1997 44.2% 10.1% 21.1% 16.8%
1996 42.5% 10.2% 21.4% 11.8%
1995 42% 10.3% 20.2% 16.3%
1994 - - 19.8% 30.5%
1993 - - 21.2% 51.1%
1992 - - 24.4% 64.4%
1991 - - 26.6% 75.7%
1990 - - 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Luxembourg's government spending was $43.7B, accounting for 46.9% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 26.3% in Luxembourg and 87.3% in Suriname, ranking 162/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Suriname
1x
Year Deficit/surplus, % of GDP
Luxembourg Suriname
2024 1.03% -2.42%
2023 -0.78% -1.68%
2022 0.18% -2.69%
2021 1% -5.66%
2020 -3.09% -12%
2019 2.68% -20.2%
2018 3.17% -8.56%
2017 1.37% -8.62%
2016 1.89% -10.2%
2015 1.3% -8.29%
2014 1.33% -2.65%
2013 0.84% -2.64%
2012 0.5% -0.38%
2011 0.65% 2.32%
2010 -0.26% -0.15%
2009 -0.21% 2.03%
2008 3.37% 2.39%
2007 4.35% 5.01%
2006 1.9% 0.59%
2005 -0.21% -3.39%
2004 -1.39% -1.2%
2003 0.28% -0.11%
2002 2.03% -3.3%
2001 5.62% 3.49%
2000 5.55% -7.76%
1999 3.24% -4.92%
1998 2.98% -6.39%
1997 2.65% -0.32%
1996 2.37% 3.42%
1995 2.71% 1.17%
1994 - -1.89%
1993 - -4.68%
1992 - -6.45%
1991 - -9.8%
1990 - -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/luxembourg/suriname | 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 Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 30 years, Luxembourg recorded a fiscal deficit in 6 of those years, while Suriname ran a deficit in 22 years. On average, Luxembourg posted an annual surplus equal to 1.57% of GDP, compared to deficit of 3.1% of GDP for Suriname.

Inflation comparison by year

Inflation
Luxembourg

Suriname
1x
Year Consumer prices inflation
Luxembourg Suriname
2024 2.05% 16.2%
2023 3.74% 51.6%
2022 6.34% 52.4%
2021 2.53% 59.1%
2020 0.82% 34.9%
2019 1.74% -
2018 1.53% -
2017 1.73% 22%
2016 0.29% 55.4%
2015 0.47% 6.89%
2014 0.63% 3.38%
2013 1.73% 1.92%
2012 2.66% 5.01%
2011 3.41% 17.7%
2010 2.27% 6.94%
2009 0.37% -0.13%
2008 3.4% 14.7%
2007 2.31% 6.43%
2006 2.67% 11.3%
2005 2.49% 9.9%
2004 2.23% 9.99%
2003 2.05% 23%
2002 2.07% 15.5%
2001 2.66% 38.6%
2000 3.15% 59.4%
1999 1.03% 98.8%
1998 0.96% 19%
1997 1.37% 7.15%

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

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

Over the past 28 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 24.9% in Suriname. In 2024, inflation was 2.05% in Luxembourg and 16.2% in Suriname.

Top exports between countries

Luxembourg
Export category Export value
Metals $802K
Machinery & equipment $129K
Raw materials & minerals $50K
Chemicals & pharma $16K
Suriname
Export category Export value
Raw materials & minerals $16K

Balance of trade

Luxembourg Suriname
Current account balance
$4.1B
2024
$9.31M
2024
Current account balance ranking
35/190
2024
76/190
2024
Current account balance, % of GDP
+4.4%
2024
+0.21%
2024
Goods imports
$29.4B
2024
$1.65B
2024
Goods exports
$31.3B
2024
$2.58B
2024
Service imports
$117B
2024
$921M
2024
Service exports
$150B
2024
$211M
2024
Imports of goods and services, % of GDP
159.7%
2024
38.4%
2010
Exports of goods and services, % of GDP
191.5%
2024
52.5%
2010

Economic freedom indices

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

Luxembourg Suriname
Economic freedom 79.7 53
Economic freedom ranking 7/197 143/197
Property rights 96.6 40.5
Government integrity 88.7 41
Judicial effectiveness 99.1 46.5
Tax burden 62.3 69.1
Government spending 36.9 74.3
Fiscal health 98.6 76.6
Business freedom 89.5 56.9
Labor freedom 56.7 69
Monetary freedom 74.1 56.4
Trade freedom 79.4 65.2
Investment freedom 95 20
Financial freedom 80 20

Economic freedom comparison by year

Luxembourg
Suriname
1x
Year Economic freedom index
Luxembourg Suriname
2026 79.7 53
2025 79.5 50.9
2024 79.2 46.7
2023 78.4 46.1
2022 80.6 48.1
2021 76 46.4
2020 75.8 49.5
2019 75.9 48.1
2018 76.4 48.1
2017 75.9 48
2016 73.9 53.8
2015 73.2 54.2
2014 74.2 54.2
2013 74.2 52
2012 74.5 52.6
2011 76.2 53.1
2010 75.4 52.5
2009 75.2 54.1
2008 74.7 54.3
2007 74.6 54.8
2006 75.3 55.1
2005 76.3 51.9
2004 78.9 47.9
2003 79.9 46.9
2002 79.4 48
2001 80.1 44.3
2000 76.4 45.8
1999 72.4 40.1
1998 72.7 39.9
1997 72.8 35.9
1996 72.5 36.7

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

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Suriname
Services, % of GDP
81.2%
2024
50.8%
2024
Industry, % of GDP
9.66%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.21%
2024
6.77%
2024
GNI, Atlas method
$57.3B
2024
$3.61B
2024
GNI per capita, PPP
$110,650
2024
$20,000
2024
Total reserves including gold
$2.79B
2024
$1.63B
2024
Total reserves ranking
119/177
2024
132/177
2024
Net foreign direct investment
$21.4B
2024
$26.5M
2024
Net inflows of foreign direct investment
$106B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$109B
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI n/a
20.5%
2023
Poverty at national poverty lines
17.3%
2021
70%
2020
Gross capital formation, % of GDP
15.8%
2024
36.2%
2010

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/suriname | 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.