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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.
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%.
Browse a full set of economic indicators, selected by Global Finance editors, including real GDP growth rate, with latest forecasts and historical data, GDP per capita, GDP composition by sector, inflation and unemployment rates, public debt statistics and more. Financial and trade information, plus best banks and safest banks rankings are also included.
However, it retains its very high degree of wealth: The UN calculated Liechtenstein's 2021 GDP per capita as $169,260 USD (second-highest in the world) and World Bank computed the country's 2021 GNI per capita at $116,600 USD. Luxembourg. The European country of Luxembourg consistently ranks as one of the wealthiest countries in the world ...
Nov 7, 2023 · Luxembourg. Continent: Europe. GDP per capita: USD 135,610. GDP: USD 89.1 billion. Population: 639 thousand. Spanning 2,586.4 square km, Luxembourg is one of the smallest countries in the world ...
Oct 2, 2019 · Why is Luxembourg the richest country in Europe? Known for high-income levels and a low unemployment rate, Luxemburg is the richest country in the world. According to the World Economic Forum, the major factor for Luxembourg’s high GDP is the large number of people working in this tiny, landlocked nation, while residing in the neighbouring ...
Nov 19, 2021 · China has beat the U.S. to become the world’s richest nation, according to a new report. Key findings: Global net worth soared from $156 million in 2000 to $514 trillion in 2020, making the world wealthier than it was at any point in history. China accounted for nearly a third of the increase, the report from management consultancy firm McKinsey & Company stated.
