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- Despite being one of the smallest countries in the European Union, Luxembourg stands out as the wealthiest nation in the world. Its remarkable economic success is reflected in the GDP per capita, which currently stands at nearly 130,000 dollars, according to the International Monetary Fund's latest data, which covers some 190 countries.
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Despite being one of the smallest countries in the European Union, Luxembourg stands out as the wealthiest nation in the world. Its remarkable economic success is reflected in the GDP per capita, which currently stands at nearly 130,000 dollars, according to the International Monetary Fund's latest data , which covers some 190 countries.
According to GlobalData, Luxembourg is the third richest country in the world with $127,943.5 nominal GDP per capita in 2021, which increased from $48,436 in 2000. Despite the COVID-19 disruption to the economy, according to Eurostat, Luxembourg’s government debt as percentage of GDP stood at 24.9% in 2021, which was second lowest in the EU.
Aug 7, 2022 · With a population of 642,371, Luxembourg is the only Grand Duchy in the world. Its GDP per capita of $140,694 makes it the world’s richest. The unemployment rate is just over 5%, and the...
2020 –1.3% (Estimate) 2021 5.5% (Estimate) GDP per capita – current prices: USD 131,301.60 (2021 estimate) IMF – World Economic Outlook, October 2021 GDP per capita – PPP: USD 126,568.69 (2021 estimate) IMF – World Economic Outlook, October 2021 GDP (PPP) – share of world total: 0.06% (2021 estimate)
If this is calculated per capita, taking purchasing power parity into account, Luxembourg is the richest country in the world. Inflation in Luxembourg in 2022 was around 6.34%. Within the EU, the average in the same year was 8.83 percent. In the United States, it was most recently 8.00%.
Jul 5, 2023 · by Morgane Croissant Jul 5, 2023. One of the richest countries in the world is a small European nation that very few people put on their bucket list: Luxembourg. Or as it is officially known: The Grand Duchy of Luxembourg. The country of much less than one million inhabitants and smaller than 1,000 square miles, is a mysterious one for many.
Dec 21, 2022 · Despite its small landmass and small population, Luxembourg is the fifth-wealthiest country in the world when measured on a gross domestic product (PPP) per capita basis. Luxembourg has one of the highest current account surpluses as a share of GDP in the euro zone, and it maintains a healthy budgetary position, with a 2017 surplus of 0.5% of ...
