Luxembourg vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Luxembourg ranked 72nd with $70.9B. By GDP 5-years average growth and GDP per capita, Venezuela and Luxembourg ranked 181st vs 88th and 58th vs 3rd, respectively.

Gross Domestic Product & Income

StatLuxembourgVenezuela
GDP$70.9B$482.4B
GDP growth, 1 year3%-18%
GDP growth, 5-years average3%-12.2%
Population626k28.5M
GDP per capita$117k$16k
GDP per capita growth1.18%-18.17%
Purchasing Power Parity conversion factor0.875.57
Price level ratio of PPP conversion factor GDP to market exchange rate1.030.89
GDP per capita, PPP adjusted$107k$8.8k
GNI, Atlas method$43.1B$392.9B
GNI per capita$71k$13k
GNI, PPP adjusted$43.9B$352.8B
GNI per capita, PPP adjusted$72k$12k

Financial system and Human development

StatLuxembourgVenezuela
Income Tax Rate42%34%
Corporate Tax Rate18%34%
Inflation, consumer prices2%929789.5%
Inflation, GDP deflator2.5%748.1%
Unemployment5.5%8.4%
Economic Freedom Index75.825.2
Personal Freedom Index9.16.33
Human Freedom Index8.465.27
Property Rights Index86.410.1
Judical Effectiveness Index74.412.6
Business Freedom Index66.830.8
Fiscal Health Index990
Labor Freedom Index45.327.7
Investment Freedom Index950
Financial Freedom Index8010
Trade Freedom Index86.458
Monetary Freedom Index76.40
Government Spending Index45.466.3
Tax Burden Index64.172.8
Government Integrity Index90.314.6
Corruption Perceptions Index8118
Life expectancy at birth, years82.772.2
Suicide mortality rate, per 100,000 people13.53.7
Mortality caused by road traffic injury, per 100,000 people6.333.7
Intentional homicides, per 100,000 people0.356.3
International tourism, number of arrivals1M427k

Government debt & reserves

StatLuxembourgVenezuela
Central government debt, % of GDP21.8%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNI20.9%7.2%
Gross savings, % of GDP17.4%8.9%
Gross capital formation, % of GDP17.6%-3.7%
Total reserves including gold$938.9M$9.8B
Foreign direct investment net inflows-$5.6B$956M

Exports, imports and economic structure

StatLuxembourgVenezuela
Exports of goods and services, % of GDP211.6%30.7%
Imports of goods and services, % of GDP175.5%36.4%
Current account balance (balance of payments)$3.4B-$3.9B
Revenue excluding grants, % of GDP40.9%N/A
Grants excluding technical cooperation, BoPN/A$125.8M
Personal remittances received$2.1B$297.1M
Industry including construction value added, % of GDP11.8%37.2%
Agriculture, forestry and fishing value added, % of GDP0.2%5%
Charges for the use of intellectual property, payments BoP$5B$258M
Charges for the use of intellectual property, receipts BoP$2.4BN/A
Expense, % of GDP38.7%N/A
Government Expenditure, % of GDP42.7%33.5%

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

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M