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Economy of Luxembourg vs Tajikistan compared: GDP & Debt

Updated on by Georank team

Luxembourg has a GDP of $93.3B compared to $14.2B for Tajikistan, ranking 74/197 and 145/197 by economy size, respectively.

Luxembourg has $24.5B in government debt (26.3% of GDP), compared to $3.54B (24.9% of GDP) in Tajikistan.

Luxembourg vs Tajikistan GDP by year

Luxembourg
Tajikistan
1x
Year GDP, current $
Luxembourg Tajikistan
2024 $93,279,851,863 $14,204,575,549
2023 $88,788,881,539 $12,244,169,293
2022 $80,801,680,397 $10,713,525,200
2021 $86,386,759,695 $8,937,805,347
2020 $73,670,782,100 $8,133,963,551
2019 $69,872,035,114 $8,300,813,599
2018 $71,085,623,495 $7,764,999,999
2017 $65,712,180,343 $7,536,402,853
2016 $62,216,885,436 $6,992,416,097
2015 $60,071,584,216 $8,271,431,485
2014 $68,804,811,898 $9,112,605,459
2013 $65,203,276,467 $8,448,411,318
2012 $59,776,383,527 $7,633,036,903
2011 $61,696,281,326 $6,522,756,255
2010 $56,213,985,987 $5,642,221,099
2009 $54,467,289,898 $4,979,472,364
2008 $58,844,277,702 $5,161,299,725
2007 $51,587,401,416 $3,719,524,541
2006 $42,910,146,296 $2,830,213,849
2005 $37,672,280,120 $2,312,352,021
2004 $35,064,843,793 $2,076,176,869
2003 $29,667,268,248 $1,555,318,261
2002 $23,649,833,332 $1,221,106,220
2001 $21,387,533,703 $1,080,772,551
2000 $21,230,182,989 $860,541,842
1999 $21,899,317,599 $1,086,612,290
1998 $20,150,053,345 $1,320,199,582
1997 $19,563,836,265 $921,518,033
1996 $20,895,314,658 $1,043,654,822
1995 $20,853,093,870 $1,231,561,860
1994 $17,701,798,891 $1,522,001,206
1993 $15,925,521,222 $1,646,623,195
1992 $15,518,702,635 $1,908,554,572
1991 $13,834,219,728 $2,536,585,366
1990 $12,778,792,854 $2,629,395,066
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/tajikistan | CC BY

GDP per capita in Luxembourg vs Tajikistan by year

Luxembourg
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $137,782 $155,941 $1,341 $5,406
2023 $133,231 $150,508 $1,178 $4,964
2022 $123,720 $146,919 $1,052 $4,514
2021 $134,966 $136,772 $897 $3,986
2020 $116,860 $122,067 $834 $3,654
2019 $112,697 $121,372 $871 $3,460
2018 $116,927 $116,638 $834 $3,069
2017 $110,193 $114,986 $829 $3,017
2016 $106,899 $113,365 $789 $2,914
2015 $105,462 $107,860 $957 $2,975
2014 $123,679 $105,296 $1,082 $3,152
2013 $120,000 $100,925 $1,028 $2,919
2012 $112,585 $96,636 $952 $2,679
2011 $119,025 $94,475 $834 $2,456
2010 $110,886 $90,336 $737 $2,291
2009 $109,420 $86,919 $665 $2,171
2008 $120,422 $90,971 $703 $2,120
2007 $107,475 $85,126 $517 $1,966
2006 $90,789 $78,861 $401 $1,810
2005 $80,988 $68,788 $334 $1,673
2004 $76,545 $64,686 $306 $1,550
2003 $65,689 $60,192 $233.6 $1,396
2002 $53,006 $58,576 $187 $1,257
2001 $48,440 $56,136 $168.7 $1,139
2000 $48,660 $55,136 $136.9 $1,036
1999 $50,872 $49,845 $175 $947
1998 $47,445 $44,270 $213.7 $905
1997 $46,642 $42,488 $150.1 $855
1996 $50,444 $39,722 $172 $836
1995 $51,032 $38,345 $207 $1,006
1994 $43,933 $37,551 $261.3 $1,148
1993 $40,067 $35,899 $287.6 $1,454
1992 $39,571 $34,108 $338 $1,721
1991 $35,747 $33,191 $458 $2,417
1990 $33,465 $29,949 $487 $2,583
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/tajikistan | CC BY

Luxembourg's GDP per capita is $137,782, ranking 3/197, compared to $1,341 in Tajikistan, ranking 166/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Tajikistan ranks 157th at $5,406.

Economic indicators

Luxembourg Tajikistan
Gross domestic product
$93.3B
2024
$14.2B
2024
GDP rank
74/197
2024
145/197
2024
GDP growth
0.36%
2023-2024
8.4%
2023-2024
GDP per capita
$137,782
2024
$1,341
2024
GDP per capita rank
3/197
2024
166/197
2024
GDP per capita, PPP
$155,941
2024
$5,406
2024
GDP per capita PPP rank
1/197
2024
157/197
2024
Government debt
$24.5B
2024
$3.54B
2024
Debt-to-GDP ratio
26.3%
2024
24.9%
2024
Government debt per person
$36,221
2024
$335
2024
Government debt per person rank
19/185
2024
175/185
2024
Average annual personal income after taxes
$69,593
2026
$2,591
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
28.2%
2024
Income share by poorest 10%
2.8%
2023
2.9%
2024
Government expenditure, % of GDP
46.9%
2024
27.7%
2024
Consumer prices inflation
2.05%
2023-2024
3.5%
2023-2024
Central bank interest rate n/a
7.75%
2025
Unemployment rate
6.42%
2024
0.08%
2016
Population
693885
11038274

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Luxembourg Tajikistan
Government spending Government debt Government spending Government debt
2024 46.9% 26.3% 27.7% 24.9%
2023 46.4% 24.7% 28% 29.9%
2022 44.3% 24.9% 27.4% 31.8%
2021 42.4% 24.2% 27.6% 42%
2020 47% 24.5% 29.2% 50.9%
2019 43.1% 22.3% 28.8% 43.2%
2018 42.3% 20.9% 30.9% 46.3%
2017 41.3% 21.8% 33.8% 46.3%
2016 40% 19.6% 32.7% 42.2%
2015 40.4% 21.1% 31.9% 35%
2014 40.6% 21.9% 27.5% 27.9%
2013 41.2% 22.4% 27.7% 29.3%
2012 41.8% 20.8% 24.7% 32.5%
2011 41.5% 18.5% 24.3% 35.5%
2010 42% 19.1% 25.9% 36.8%
2009 42.7% 15.3% 23.6% 36.9%
2008 37.9% 14.6% 20.2% 30.2%
2007 37.4% 8.09% 20.3% 34.3%
2006 39.4% 8.21% 21.6% 36.8%
2005 43.4% 7.95% 22.9% 45.8%
2004 43.7% 7.83% 20.2% 49.4%
2003 43.3% 7.43% 19.1% 69.8%
2002 41.8% 7.45% 19.1% 98.3%
2001 38.1% 7.62% 17.3% 99.4%
2000 38% 7.49% 18.1% 111.4%
1999 41.7% 8.39% 17.5% 107.8%
1998 43.9% 9.51% 17.1% 96.6%
1997 44.2% 10.1% - -
1996 42.5% 10.2% - -
1995 42% 10.3% - -

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

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

In 2024, Luxembourg's government spending was $43.7B, accounting for 46.9% of its GDP, while Tajikistan spent $3.93B, or 27.7% of GDP.

Debt-to-GDP ratio is 26.3% in Luxembourg and 24.9% in Tajikistan, ranking 162/185 and 166/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Tajikistan
1x
Year Deficit/surplus, % of GDP
Luxembourg Tajikistan
2024 1.03% 0.28%
2023 -0.78% -0.93%
2022 0.18% -0.23%
2021 1% -0.64%
2020 -3.09% -4.34%
2019 2.68% -2.04%
2018 3.17% -2.69%
2017 1.37% -5.65%
2016 1.89% -2.91%
2015 1.3% -1.96%
2014 1.33% 0.92%
2013 0.84% -0.73%
2012 0.5% 0.41%
2011 0.65% 0.6%
2010 -0.26% -2.71%
2009 -0.21% -0.2%
2008 3.37% 1.94%
2007 4.35% 2.13%
2006 1.9% 2%
2005 -0.21% -2.83%
2004 -1.39% -2.32%
2003 0.28% -1.74%
2002 2.03% -2.4%
2001 5.62% -2.11%
2000 5.55% -4.51%
1999 3.24% -4.03%
1998 2.98% -5.09%
1997 2.65% -
1996 2.37% -
1995 2.71% -

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

GeoRank.org/economy/luxembourg/tajikistan | 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 Tajikistan's surplus of $39.2M, or 0.28% of GDP.

Over the past 27 years, Luxembourg recorded a fiscal deficit in 6 of those years, while Tajikistan ran a deficit in 20 years. On average, Luxembourg posted an annual surplus equal to 1.46% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Luxembourg

Tajikistan
1x
Year Consumer prices inflation
Luxembourg Tajikistan
2024 2.05% 3.5%
2023 3.74% 3.7%
2022 6.34% 6.6%
2021 2.53% 9%
2020 0.82% 8.6%
2019 1.74% 7.8%
2018 1.53% 3.8%
2017 1.73% 7.3%
2016 0.29% 5.9%
2015 0.47% 5.8%
2014 0.63% 6.1%
2013 1.73% 5%
2012 2.66% 5.8%
2011 3.41% 12.4%
2010 2.27% 6.5%
2009 0.37% 6.4%
2008 3.4% 20.4%
2007 2.31% 13.2%
2006 2.67% 10%
2005 2.49% 7.3%
2004 2.23% 7.2%
2003 2.05% 16.4%
2002 2.07% 12.2%
2001 2.66% 38.6%
2000 3.15% 32.9%
1999 1.03% 27.5%
1998 0.96% 43.2%
1997 1.37% 88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 15% in Tajikistan. In 2024, inflation was 2.05% in Luxembourg and 3.5% in Tajikistan.

Top exports between countries

Luxembourg
Export category Export value
Machinery & equipment $72K
Chemicals & pharma $13K
Raw materials & minerals $3K
Textiles & consumer goods $2K
Tajikistan
Export category Export value

Balance of trade

Luxembourg Tajikistan
Current account balance
$4.1B
2024
$887M
2024
Current account balance ranking
35/190
2024
54/190
2024
Current account balance, % of GDP
+4.4%
2024
+6.24%
2024
Goods imports
$29.4B
2024
$5.94B
2024
Goods exports
$31.3B
2024
$1.42B
2024
Service imports
$117B
2024
$971M
2024
Service exports
$150B
2024
$195M
2024
Imports of goods and services, % of GDP
159.7%
2024
48.4%
2023
Exports of goods and services, % of GDP
191.5%
2024
17.2%
2023

Economic freedom indices

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

Luxembourg Tajikistan
Economic freedom 79.7 52.5
Economic freedom ranking 7/197 147/197
Property rights 96.6 28.4
Government integrity 88.7 18.5
Judicial effectiveness 99.1 10.1
Tax burden 62.3 94.2
Government spending 36.9 77
Fiscal health 98.6 98.6
Business freedom 89.5 60.6
Labor freedom 56.7 43.4
Monetary freedom 74.1 72.6
Trade freedom 79.4 72.2
Investment freedom 95 25
Financial freedom 80 30

Economic freedom comparison by year

Luxembourg
Tajikistan
1x
Year Economic freedom index
Luxembourg Tajikistan
2026 79.7 52.5
2025 79.5 51.5
2024 79.2 51.3
2023 78.4 50.6
2022 80.6 49.7
2021 76 55.2
2020 75.8 52.2
2019 75.9 55.6
2018 76.4 58.3
2017 75.9 58.2
2016 73.9 51.3
2015 73.2 52.7
2014 74.2 52
2013 74.2 53.4
2012 74.5 53.4
2011 76.2 53.5
2010 75.4 53
2009 75.2 54.6
2008 74.7 54.4
2007 74.6 53.6
2006 75.3 52.6
2005 76.3 50.4
2004 78.9 48.7
2003 79.9 46.5
2002 79.4 47.3
2001 80.1 46.8
2000 76.4 44.8
1999 72.4 41.2
1998 72.7 41.1
1997 72.8 -
1996 72.5 -

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

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Tajikistan
Services, % of GDP
81.2%
2024
34.7%
2023
Industry, % of GDP
9.66%
2024
33.6%
2023
Agriculture, forestry, and fishing, % of GDP
0.21%
2024
22.9%
2023
GNI, Atlas method
$57.3B
2024
$17.5B
2024
GNI per capita, PPP
$110,650
2024
$7,100
2024
Total reserves including gold
$2.79B
2024
$3.3B
2023
Total reserves ranking
119/177
2024
117/177
2023
Net foreign direct investment
$21.4B
2024
-$190M
2024
Net inflows of foreign direct investment
$106B
2024
$291M
2024
Net outflows of foreign direct investment
$109B
2024
$101M
2024
Servicing debt to the IMF, % of GNI n/a
3.07%
2024
Poverty at national poverty lines
17.3%
2021
19.8%
2024
Gross capital formation, % of GDP
15.8%
2024
31.7%
2023

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/tajikistan | 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 (2021–2024, 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.

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.