Skip to content

Economy of Luxembourg vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Luxembourg has a GDP of $101B compared to $552B for the United Arab Emirates, ranking 75/197 and 31/197 by economy size, respectively.

Luxembourg has $27.3B in government debt (27% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Luxembourg vs United Arab Emirates GDP by year

Luxembourg
United Arab Emirates
1x
Year GDP, current $
Luxembourg UAE
2025 $101,157,829,491 -
2024 $93,279,851,863 $552,324,919,096
2023 $88,788,881,539 $522,622,268,401
2022 $80,801,680,397 $511,403,404,642
2021 $86,386,759,695 $422,441,282,436
2020 $73,670,782,100 $357,161,776,271
2019 $69,872,035,114 $433,926,218,686
2018 $71,085,623,495 $440,560,003,161
2017 $65,712,180,343 $403,365,056,079
2016 $62,216,885,436 $381,717,208,621
2015 $60,071,584,216 $381,973,135,513
2014 $68,804,814,555 $424,935,834,104
2013 $65,203,276,467 $409,632,574,703
2012 $59,776,383,527 $392,793,559,051
2011 $61,696,281,326 $368,881,033,963
2010 $56,213,985,987 $307,736,348,527
2009 $54,467,289,898 $253,547,358,747
2008 $58,844,277,702 $315,474,615,741
2007 $51,587,401,416 $257,916,148,767
2006 $42,910,153,830 $222,116,532,963
2005 $37,672,311,223 $180,617,467,954
2004 $35,064,843,793 $147,824,249,958
2003 $29,667,268,248 $124,346,476,180
2002 $23,649,832,387 $109,816,091,079
2001 $21,387,550,720 $103,311,631,797
2000 $21,230,200,538 $104,337,463,730
1999 $21,899,317,599 $84,445,399,335
1998 $20,150,055,568 $75,674,384,205
1997 $19,563,836,265 $78,838,886,862
1996 $20,895,314,658 $73,571,217,377
1995 $20,853,093,870 $65,743,604,966
1994 $17,701,798,891 $59,305,111,228
1993 $15,925,521,222 $55,625,269,485
1992 $15,518,702,635 $54,239,188,746
1991 $13,834,219,728 $51,552,058,250
1990 $12,778,792,854 $50,701,374,187
1989 $10,037,674,038 $41,464,966,302
1988 $9,418,167,855 $36,275,613,877
1987 $8,320,902,215 $36,384,802,310
1986 $6,685,595,088 $33,943,568,481
1985 $4,577,211,767 $40,603,631,079
1984 $4,438,435,493 $41,807,931,453
1983 $4,524,217,751 $42,803,373,390
1982 $4,602,316,793 $46,622,715,281
1981 $5,053,665,797 $49,333,471,895
1980 $6,019,805,490 $43,599,134,193
1979 $5,516,982,664 $31,225,557,022
1978 $4,718,539,772 $23,775,718,541
1977 $3,789,321,328 $24,871,660,292
1976 $3,423,586,207 $19,213,212,475
1975 $3,123,333,333 $14,720,729,969
1974 $3,183,637,117 $11,651,505,689
1973 $2,609,875,802 $4,231,243,616
1972 $1,901,697,370 $1,415,086,929
1971 $1,518,773,421 $939,893,600
1970 $1,457,768,455 $685,986,701
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

GDP per capita in Luxembourg vs United Arab Emirates by year

Luxembourg
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $147,252 - - -
2024 $137,782 $155,941 $50,274 $79,229
2023 $133,231 $150,508 $49,851 $77,955
2022 $123,720 $146,919 $50,760 $75,072
2021 $134,966 $136,772 $44,118 $68,580
2020 $116,860 $122,067 $37,992 $66,791
2019 $112,697 $121,372 $45,939 $79,816
2018 $116,927 $116,638 $47,135 $77,446
2017 $110,193 $114,986 $43,734 $70,282
2016 $106,899 $113,365 $42,721 $69,987
2015 $105,462 $107,860 $44,910 $73,986
2014 $123,679 $105,296 $52,725 $87,478
2013 $120,000 $100,925 $53,247 $87,526
2012 $112,585 $96,636 $53,142 $89,198
2011 $119,025 $94,475 $51,922 $89,665
2010 $110,886 $90,336 $44,795 $85,120
2009 $109,420 $86,919 $37,803 $84,780
2008 $120,422 $90,971 $50,054 $94,628
2007 $107,475 $85,126 $45,855 $100,813
2006 $90,789 $78,861 $44,343 $106,814
2005 $80,988 $68,788 $38,719 $101,301
2004 $76,545 $64,686 $33,377 $98,661
2003 $65,689 $60,192 $29,660 $92,636
2002 $53,006 $58,576 $27,754 $88,467
2001 $48,440 $56,136 $27,745 $90,370
2000 $48,660 $55,136 $29,866 $92,899
1999 $50,872 $49,845 $25,856 $87,658
1998 $47,445 $44,270 $24,889 $90,229
1997 $46,642 $42,488 $27,983 $96,009
1996 $50,444 $39,722 $28,323 $94,620
1995 $51,032 $38,345 $27,003 $93,702
1994 $43,933 $37,551 $25,473 $89,959
1993 $40,067 $35,899 $25,033 $86,330
1992 $39,571 $34,108 $25,648 $87,509
1991 $35,747 $33,191 $25,691 $87,250
1990 $33,465 $29,949 $26,710 $88,455
1989 $26,618 - $23,167 -
1988 $25,219 - $21,570 -
1987 $22,443 - $23,113 -
1986 $18,150 - $23,132 -
1985 $12,482 - $29,468 -
1984 $12,127 - $32,012 -
1983 $12,374 - $34,650 -
1982 $12,591 - $39,972 -
1981 $13,837 - $44,855 -
1980 $16,531 - $42,925 -
1979 $15,204 - $34,238 -
1978 $13,034 - $29,379 -
1977 $10,486 - $35,020 -
1976 $9,491 - $31,197 -
1975 $8,701 - $27,117 -
1974 $8,967 - $23,823 -
1973 $7,447 - $9,696 -
1972 $5,487 - $3,675 -
1971 $4,435 - $2,805 -
1970 $4,298 - $2,394 -
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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

Luxembourg's GDP per capita is $147,252, ranking 3/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Luxembourg UAE
Gross domestic product
$101B
2025
$552B
2024
GDP rank
75/197
2025
31/197
2024
GDP growth
0.64%
2024-2025
3.99%
2023-2024
GDP per capita
$147,252
2025
$50,274
2024
GDP per capita rank
3/197
2025
25/197
2024
GDP per capita, PPP
$155,941
2024
$79,229
2024
GDP per capita PPP rank
1/197
2024
16/197
2024
Government debt
$27.3B
2025
$193B
2024
Debt-to-GDP ratio
27%
2025
34.3%
2025
Government debt per person
$39,717
2025
$17,568
2024
Government debt per person rank
18/185
2025
37/185
2024
Average annual personal income after taxes
$71,808
2026
$40,096
2026
Market capitalization of domestic companies
$69.4B
2025
$1.11T
2025
Number of millionaires
85,000
2026
183,000
2026
Number of billionaires
1
2026
6
2026
Income share by richest 10%
25%
2023
20.5%
2018
Income share by poorest 10%
2.8%
2023
2.8%
2018
Government expenditure, % of GDP
48.3%
2025
22.6%
2025
Consumer prices inflation
2.26%
2024-2025
1.3%
2024-2025
Central bank interest rate n/a
3.65%
2025
Unemployment rate
6.5%
2025
1.88%
2024
Population
697802
11885001

Spending and national debt comparison by year

Luxembourg
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Luxembourg UAE
Government spending Government debt Government spending Government debt
2025 48.3% 27% 22.6% 34.3%
2024 46.8% 26.3% 21.4% 34.9%
2023 46.4% 24.7% 22.7% 31.9%
2022 44.3% 24.9% 22.7% 31.5%
2021 42.4% 24.2% 25.9% 35.7%
2020 47% 24.5% 30.5% 30.1%
2019 43.1% 22.3% 27.4% 25.8%
2018 42.3% 20.9% 25.9% 20.7%
2017 41.3% 21.8% 27.2% 21.2%
2016 40% 19.6% 31.7% 18.6%
2015 40.4% 21.1% 26.4% 15.6%
2014 40.6% 21.9% 31.4% 13.5%
2013 41.2% 22.4% 28.9% 15.3%
2012 41.8% 20.8% 27.8% 20.2%
2011 41.5% 18.5% 29.6% 20.4%
2010 42% 19.1% 30.4% 18.3%
2009 42.7% 15.3% 35% 21.1%
2008 37.9% 14.6% 22% 8.95%
2007 37.4% 8.09% 17.7% 8.89%
2006 39.4% 8.21% 15.6% 5.05%
2005 43.4% 7.95% 15.7% 4.48%
2004 43.7% 7.83% 17.7% 4.08%
2003 43.3% 7.43% 20% 3.33%
2002 41.8% 7.45% 21.3% 3.43%
2001 38.1% 7.62% 25.2% 2.69%
2000 38% 7.49% 21.8% 3.12%
1999 41.7% 8.39% 24.3% 4.73%
1998 43.9% 9.51% 25.8% 4.18%
1997 44.2% 10.1% 22.6% 2.86%
1996 42.5% 10.2% 27.6% 3.48%
1995 42% 10.3% 26.1% 5.06%
1994 - - 30.1% 5.58%
1993 - - 31.5% 6.01%
1992 - - 29.6% 5.31%
1991 - - 36% 4.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

In 2025, Luxembourg's government spending was $48.8B, accounting for 48.3% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 27% in Luxembourg and 34.3% in the United Arab Emirates, ranking 165/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Luxembourg UAE
2025 -0.96% 5.15%
2024 0.89% 6.41%
2023 -0.65% 5.82%
2022 0.21% 9.8%
2021 1.11% 3.96%
2020 -3.09% -2.42%
2019 2.68% 2.5%
2018 3.17% 3.65%
2017 1.37% -0.16%
2016 1.89% -2.95%
2015 1.3% -6.35%
2014 1.33% 1.74%
2013 0.84% 7.99%
2012 0.5% 8.59%
2011 0.65% 5.05%
2010 -0.26% 0.52%
2009 -0.21% -6.13%
2008 3.37% 17.6%
2007 4.35% 17.1%
2006 1.9% 20.2%
2005 -0.21% 16%
2004 -1.39% 6.4%
2003 0.28% 2.35%
2002 2.03% -1.24%
2001 5.62% 1.21%
2000 5.55% 10.7%
1999 3.24% 1.31%
1998 2.98% 1%
1997 2.65% 6.71%
1996 2.37% 0.92%
1995 2.71% 3.58%
1994 - -1.78%
1993 - -2.89%
1992 - 3.34%
1991 - 3.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

In 2024, Luxembourg's government surplus, the difference between spending and revenue, was $829M, equivalent to 0.89% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 30 years, Luxembourg recorded a fiscal deficit in 6 of those years, while the United Arab Emirates ran a deficit in 6 years. On average, Luxembourg posted an annual surplus equal to 1.57% of GDP, compared to surplus of 4.73% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Luxembourg

United Arab Emirates
1x
Year Consumer prices inflation
Luxembourg UAE
2025 2.26% 1.3%
2024 2.05% 1.7%
2023 3.74% 1.6%
2022 6.34% 4.8%
2021 2.53% -0.1%
2020 0.82% -2.1%
2019 1.74% -1.9%
2018 1.53% 3.1%
2017 1.73% 2%
2016 0.29% 1.6%
2015 0.47% 4.1%
2014 0.63% 2.3%
2013 1.73% 1.1%
2012 2.66% 0.7%
2011 3.41% 0.9%
2010 2.27% 0.9%
2009 0.37% -4.7%
2008 3.4% 12.3%
2007 2.31% 11.1%
2006 2.67% 9.3%
2005 2.49% 6.2%
2004 2.23% 5%
2003 2.05% 3.1%
2002 2.07% 2.9%
2001 2.66% 2.8%
2000 3.15% 1.3%
1999 1.03% 2.1%
1998 0.96% 2%
1997 1.37% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

Over the past 29 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 2.26% in Luxembourg and 1.3% in the United Arab Emirates.

Top exports between countries

Luxembourg
Export category Export value
Machinery & equipment $18.6M
Metals $7.84M
Raw materials & minerals $5.42M
Textiles & consumer goods $2.98M
Chemicals & pharma $2.29M
Precious metals & jewellery $644K
Processed food, beverages & tobacco $196K
Miscellaneous $124K
Wood & paper products $55K
Raw agricultural goods $7K
UAE
Export category Export value
Machinery & equipment $24.1M
Chemicals & pharma $4.9M
Textiles & consumer goods $975K
Metals $185K
Precious metals & jewellery $163K
Processed food, beverages & tobacco $84K
Raw agricultural goods $84K
Animal & marine products $20K
Wood & paper products $3K
Raw materials & minerals $2K

Balance of trade

Luxembourg UAE
Current account balance
$5.29B
2025
$80B
2024
Current account balance ranking
31/190
2025
9/190
2024
Current account balance, % of GDP
+5.23%
2025
+14.5%
2024
Goods imports
$30.9B
2025
$400B
2024
Goods exports
$33B
2025
$467B
2024
Service imports
$133B
2025
$117B
2024
Service exports
$167B
2025
$181B
2024
Imports of goods and services, % of GDP
159.4%
2025
92.2%
2023
Exports of goods and services, % of GDP
190.5%
2025
106.8%
2023

Economic freedom indices

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

Luxembourg UAE
Economic freedom 79.7 71.9
Economic freedom ranking 7/197 29/197
Property rights 96.6 62.9
Government integrity 88.7 65.3
Judicial effectiveness 99.1 34.4
Tax burden 62.3 99.9
Government spending 36.9 85.1
Fiscal health 98.6 97.6
Business freedom 89.5 84.5
Labor freedom 56.7 63.2
Monetary freedom 74.1 81.2
Trade freedom 79.4 78.6
Investment freedom 95 50
Financial freedom 80 60

Economic freedom comparison by year

Luxembourg
United Arab Emirates
1x
Year Economic freedom index
Luxembourg UAE
2026 79.7 71.9
2025 79.5 71.6
2024 79.2 71.1
2023 78.4 70.9
2022 80.6 70.2
2021 76 76.9
2020 75.8 76.2
2019 75.9 77.6
2018 76.4 77.6
2017 75.9 76.9
2016 73.9 72.6
2015 73.2 72.4
2014 74.2 71.4
2013 74.2 71.1
2012 74.5 69.3
2011 76.2 67.8
2010 75.4 67.3
2009 75.2 64.7
2008 74.7 62.6
2007 74.6 62.6
2006 75.3 62.2
2005 76.3 65.2
2004 78.9 67.2
2003 79.9 73.4
2002 79.4 73.6
2001 80.1 74.9
2000 76.4 74.2
1999 72.4 71.5
1998 72.7 72.2
1997 72.8 71.9
1996 72.5 71.6

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg UAE
Services, % of GDP
81.4%
2025
54.9%
2024
Industry, % of GDP
8.88%
2025
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2025
0.77%
2024
GNI, Atlas method
$65.8B
2025
$566B
2024
GNI per capita, PPP
$106,640
2025
$81,640
2024
Total reserves including gold
$3.06B
2025
$292B
2025
Total reserves ranking
120/177
2025
14/177
2025
Net foreign direct investment
$196B
2025
$31.5B
2024
Net inflows of foreign direct investment
$106B
2024
$45.6B
2024
Net outflows of foreign direct investment
$109B
2024
$77.2B
2024
Poverty at national poverty lines
17.3%
2021
19.5%
2020
Gross capital formation, % of GDP
15.5%
2025
26.6%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/luxembourg/united-arab-emirates | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.