Skip to content

Economy of Luxembourg vs Vanuatu compared: GDP & Debt

Updated on by Georank

Luxembourg has a GDP of $101B compared to $1.35B for Vanuatu, ranking 75/197 and 185/197 by economy size, respectively.

Luxembourg has $27.3B in government debt (27% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Luxembourg vs Vanuatu GDP by year

Luxembourg
Vanuatu
1x
Year GDP, current $
Luxembourg Vanuatu
2025 $101,157,829,491 $1,353,658,841
2024 $93,279,851,863 $1,297,956,615
2023 $88,788,881,539 $1,188,137,265
2022 $80,801,680,397 $1,151,863,790
2021 $86,386,759,695 $1,093,826,089
2020 $73,670,782,100 $1,017,403,363
2019 $69,872,035,114 $1,061,547,513
2018 $71,085,623,495 $1,034,402,941
2017 $65,712,180,343 $998,536,155
2016 $62,216,885,436 $908,725,513
2015 $60,071,584,216 $855,360,240
2014 $68,804,814,555 $879,185,478
2013 $65,203,276,467 $863,347,172
2012 $59,776,383,527 $747,839,698
2011 $61,696,281,326 $770,153,588
2010 $56,213,985,987 $670,712,980
2009 $54,467,289,898 $592,622,319
2008 $58,844,277,702 $590,748,429
2007 $51,587,401,416 $516,392,923
2006 $42,910,153,830 $439,358,587
2005 $37,672,311,223 $394,962,433
2004 $35,064,843,793 $364,996,869
2003 $29,667,268,248 $314,471,413
2002 $23,649,832,387 $262,596,536
2001 $21,387,550,720 $257,926,882
2000 $21,230,200,538 $272,014,628
1999 $21,899,317,599 $268,006,973
1998 $20,150,055,568 $262,293,411
1997 $19,563,836,265 $272,771,209
1996 $20,895,314,658 $261,370,044
1995 $20,853,093,870 $249,333,250
1994 $17,701,798,891 $233,701,301
1993 $15,925,521,222 $200,491,853
1992 $15,518,702,635 $209,088,825
1991 $13,834,219,728 $201,334,169
1990 $12,778,792,854 $168,879,207
1989 $10,037,674,038 $154,013,202
1988 $9,418,167,855 $158,351,368
1987 $8,320,902,215 $139,464,174
1986 $6,685,595,088 $126,498,935
1985 $4,577,211,767 $131,856,421
1984 $4,438,435,493 $144,482,515
1983 $4,524,217,751 $117,389,554
1982 $4,602,316,793 $114,501,913
1981 $5,053,665,797 $113,781,796
1980 $6,019,805,490 $121,185,498
1979 $5,516,982,664 $119,258,835
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Luxembourg vs Vanuatu by year

Luxembourg
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Luxembourg Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $147,252 - $4,039 -
2024 $137,782 $155,941 $3,960 $3,606
2023 $133,231 $150,508 $3,708 $3,568
2022 $123,720 $146,919 $3,680 $3,453
2021 $134,966 $136,772 $3,576 $3,136
2020 $116,860 $122,067 $3,404 $3,118
2019 $112,697 $121,372 $3,636 $3,315
2018 $116,927 $116,638 $3,626 $3,233
2017 $110,193 $114,986 $3,585 $3,146
2016 $106,899 $113,365 $3,340 $3,030
2015 $105,462 $107,860 $3,214 $2,966
2014 $123,679 $105,296 $3,378 $2,890
2013 $120,000 $100,925 $3,393 $2,832
2012 $112,585 $96,636 $3,005 $2,834
2011 $119,025 $94,475 $3,163 $2,816
2010 $110,886 $90,336 $2,815 $2,733
2009 $109,420 $86,919 $2,546 $2,730
2008 $120,422 $90,971 $2,604 $2,701
2007 $107,475 $85,126 $2,334 $2,573
2006 $90,789 $78,861 $2,035 $2,496
2005 $80,988 $68,788 $1,874 $2,287
2004 $76,545 $64,686 $1,774 $2,157
2003 $65,689 $60,192 $1,567 $2,070
2002 $53,006 $58,576 $1,341 $1,995
2001 $48,440 $56,136 $1,350 $2,125
2000 $48,660 $55,136 $1,460 $2,206
1999 $50,872 $49,845 $1,472 $2,084
1998 $47,445 $44,270 $1,471 $2,091
1997 $46,642 $42,488 $1,562 $2,087
1996 $50,444 $39,722 $1,529 $1,998
1995 $51,032 $38,345 $1,492 $1,961
1994 $43,933 $37,551 $1,431 $1,946
1993 $40,067 $35,899 $1,257 $1,789
1992 $39,571 $34,108 $1,344 $1,777
1991 $35,747 $33,191 $1,326 $1,737
1990 $33,465 $29,949 $1,141 $1,670
1989 $26,618 - $1,067 -
1988 $25,219 - $1,125 -
1987 $22,443 - $1,017 -
1986 $18,150 - $946 -
1985 $12,482 - $1,012 -
1984 $12,127 - $1,137 -
1983 $12,374 - $947 -
1982 $12,591 - $946 -
1981 $13,837 - $962 -
1980 $16,531 - $1,048 -
1979 $15,204 - $1,055 -
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 (1960–2025, retrieved 2026-07-08).

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

Luxembourg's GDP per capita is $147,252, ranking 3/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Luxembourg ranks 1st at $155,941, while Vanuatu ranks 170th at $3,606.

Economic indicators

Luxembourg Vanuatu
Gross domestic product
$101B
2025
$1.35B
2025
GDP rank
75/197
2025
185/197
2025
GDP growth
0.64%
2024-2025
3.05%
2024-2025
GDP per capita
$147,252
2025
$4,039
2025
GDP per capita rank
3/197
2025
133/197
2025
GDP per capita, PPP
$155,941
2024
$3,606
2024
GDP per capita PPP rank
1/197
2024
170/197
2024
Government debt
$27.3B
2025
$554M
2025
Debt-to-GDP ratio
27%
2025
40.9%
2025
Government debt per person
$39,717
2025
$1,654
2025
Government debt per person rank
18/185
2025
125/185
2025
Average annual personal income after taxes
$71,808
2026
$2,801
2026
Market capitalization of domestic companies
$69.4B
2025
n/a
Number of millionaires
85,000
2026
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
25%
2023
24.7%
2019
Income share by poorest 10%
2.8%
2023
3%
2019
Government expenditure, % of GDP
48.3%
2025
35.5%
2025
Consumer prices inflation
2.26%
2024-2025
0.66%
2024-2025
Unemployment rate
6.5%
2025
1.41%
2025
Population
697802
346488

Spending and national debt comparison by year

Luxembourg
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Luxembourg Vanuatu
Government spending Government debt Government spending Government debt
2025 48.3% 27% 35.5% 40.9%
2024 46.8% 26.3% 33.1% 39.1%
2023 46.4% 24.7% 38.9% 39.2%
2022 44.3% 24.9% 38.5% 39.2%
2021 42.4% 24.2% 38.6% 42.2%
2020 47% 24.5% 38.8% 42.9%
2019 43.1% 22.3% 35.1% 39.8%
2018 42.3% 20.9% 29.4% 40%
2017 41.3% 21.8% 32.7% 46.4%
2016 40% 19.6% 31.2% 37.6%
2015 40.4% 21.1% 38.1% 32.2%
2014 40.6% 21.9% 20.5% 17.8%
2013 41.2% 22.4% 20.1% 16.4%
2012 41.8% 20.8% 22.1% 17.4%
2011 41.5% 18.5% 22.7% 19.3%
2010 42% 19.1% 25.6% 18.3%
2009 42.7% 15.3% 24.9% 19.1%
2008 37.9% 14.6% 25.1% 19.2%
2007 37.4% 8.09% 20.3% 17.6%
2006 39.4% 8.21% 18.2% 20%
2005 43.4% 7.95% 16.5% 23.8%
2004 43.7% 7.83% 16.7% 27.5%
2003 43.3% 7.43% 17% 34.6%
2002 41.8% 7.45% 20.2% 35.1%
2001 38.1% 7.62% 20.2% 33.5%
2000 38% 7.49% 23% 32.6%
1999 41.7% 8.39% 21.6% 27.7%
1998 43.9% 9.51% 25.2% 25.4%
1997 44.2% 10.1% 20.1% 20.7%
1996 42.5% 10.2% 22.1% 20.8%
1995 42% 10.3% 25.3% 21.8%
1994 - - 22% 19.5%
1993 - - 23.7% 18.3%
1992 - - 28.8% 19%
1991 - - 30% 14.4%

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

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

In 2025, Luxembourg's government spending was $48.8B, accounting for 48.3% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 27% in Luxembourg and 40.9% in Vanuatu, ranking 165/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Luxembourg

Vanuatu
1x
Year Deficit/surplus, % of GDP
Luxembourg Vanuatu
2025 -0.96% -3.88%
2024 0.89% -2.46%
2023 -0.65% -0.78%
2022 0.21% -5.96%
2021 1.11% 2.07%
2020 -3.09% -1.74%
2019 2.68% 2.48%
2018 3.17% 5.53%
2017 1.37% -1.06%
2016 1.89% -0.64%
2015 1.3% -8.13%
2014 1.33% 1.26%
2013 0.84% -0.22%
2012 0.5% -1.54%
2011 0.65% -1.98%
2010 -0.26% -2.38%
2009 -0.21% -0.76%
2008 3.37% -0.04%
2007 4.35% 0.25%
2006 1.9% 0.44%
2005 -0.21% 1.68%
2004 -1.39% 0.72%
2003 0.28% -1.22%
2002 2.03% -3.29%
2001 5.62% -3.01%
2000 5.55% -5.67%
1999 3.24% -0.5%
1998 2.98% -6.01%
1997 2.65% -0.46%
1996 2.37% -1.61%
1995 2.71% -2.34%
1994 - -1.35%
1993 - -3.32%
1992 - -2.1%
1991 - -2.54%

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

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

In 2025, Luxembourg's government deficit, the difference between spending and revenue, was $976M, equivalent to 0.96% of GDP. This compares to Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 31 years, Luxembourg recorded a fiscal deficit in 7 of those years, while Vanuatu ran a deficit in 23 years. On average, Luxembourg posted an annual surplus equal to 1.49% of GDP, compared to deficit of 1.33% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Luxembourg

Vanuatu
1x
Year Consumer prices inflation
Luxembourg Vanuatu
2025 2.26% 0.66%
2024 2.05% 1.14%
2023 3.74% 11.2%
2022 6.34% 6.68%
2021 2.53% 2.34%
2020 0.82% 5.33%
2019 1.74% 2.76%
2018 1.53% 2.33%
2017 1.73% 3.08%
2016 0.29% 0.84%
2015 0.47% 2.48%
2014 0.63% 0.8%
2013 1.73% 1.46%
2012 2.66% 1.35%
2011 3.41% 0.87%
2010 2.27% 2.76%
2009 0.37% 4.3%
2008 3.4% 4.84%
2007 2.31% 3.94%
2006 2.67% 2.04%
2005 2.49% 1.2%
2004 2.23% 1.42%
2003 2.05% 3.02%
2002 2.07% 1.96%
2001 2.66% 3.58%
2000 3.15% 2.54%
1999 1.03% 2%
1998 0.96% 3.28%
1997 1.37% 2.83%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Luxembourg has recorded an average annual inflation rate of 2.1%, compared with 2.86% in Vanuatu. In 2025, inflation was 2.26% in Luxembourg and 0.66% in Vanuatu.

Top exports between countries

Luxembourg
Export category Export value
Machinery & equipment $200K
Vanuatu
Export category Export value

Balance of trade

Luxembourg Vanuatu
Current account balance
$5.29B
2025
-$127M
2022
Current account balance ranking
31/190
2025
83/190
2022
Current account balance, % of GDP
+5.23%
2025
-11.1%
2022
Goods imports
$30.9B
2025
$350M
2022
Goods exports
$33B
2025
$73.6M
2022
Service imports
$133B
2025
$230M
2022
Service exports
$167B
2025
$78.5M
2022
Imports of goods and services, % of GDP
159.4%
2025
48%
2024
Exports of goods and services, % of GDP
190.5%
2025
25.3%
2024

Economic freedom indices

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

Luxembourg Vanuatu
Economic freedom 79.7 61.1
Economic freedom ranking 7/197 92/197
Property rights 96.6 62.1
Government integrity 88.7 48.3
Judicial effectiveness 99.1 67.9
Tax burden 62.3 96.9
Government spending 36.9 48.1
Fiscal health 98.6 78.8
Business freedom 89.5 50.3
Labor freedom 56.7 41
Monetary freedom 74.1 72.1
Trade freedom 79.4 62
Investment freedom 95 65
Financial freedom 80 40

Economic freedom comparison by year

Luxembourg
Vanuatu
1x
Year Economic freedom index
Luxembourg Vanuatu
2026 79.7 61.1
2025 79.5 61.8
2024 79.2 62.2
2023 78.4 62.1
2022 80.6 62.9
2021 76 60.5
2020 75.8 60.7
2019 75.9 56.4
2018 76.4 69.5
2017 75.9 67.4
2016 73.9 60.8
2015 73.2 61.1
2014 74.2 59.5
2013 74.2 56.6
2012 74.5 56.6
2011 76.2 56.7
2010 75.4 56.4
2009 75.2 58.4
2008 74.7 -
2007 74.6 -
2006 75.3 -
2005 76.3 -
2004 78.9 -
2003 79.9 -
2002 79.4 -
2001 80.1 -
2000 76.4 -
1999 72.4 -
1998 72.7 -
1997 72.8 -
1996 72.5 -

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

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

The Economic Freedom Index for Luxembourg is 79.7, ranking 7/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Luxembourg Vanuatu
Services, % of GDP
81.4%
2025
56.8%
2024
Industry, % of GDP
8.88%
2025
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.23%
2025
26.6%
2024
GNI, Atlas method
$65.8B
2025
$1.48B
2025
GNI per capita, PPP
$106,640
2025
$4,970
2025
Total reserves including gold
$3.06B
2025
$615M
2024
Total reserves ranking
120/177
2025
152/177
2024
Net foreign direct investment
$196B
2025
-$9.21M
2022
Net inflows of foreign direct investment
$106B
2024
$28.9M
2024
Net outflows of foreign direct investment
$109B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI n/a
1.88%
2024
Poverty at national poverty lines
17.3%
2021
15.9%
2020
Gross capital formation, % of GDP
15.5%
2025
26.1%
2024

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/vanuatu | 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2025, 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.

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.