Luxembourg

Description of Luxembourg

Luxembourg, a small yet influential European country, is often hailed for its prosperous economy, strategic location, and vibrant cultural scene. With a population known for its multilingualism and a government fostering innovation and financial services, Luxembourg stands out as a key player in the global arena. As a hub for international banking and investment, this country has attracted a diverse expatriate community and continues to thrive as a competitive and dynamic nation. Join us as we delve into the intricate tapestry that is Luxembourg, exploring its economic prowess, cultural richness, and strategic significance on the world stage.

Population And Age Structure

Population, total: Luxembourg has a population of 630,419, which is significantly below the average population of 40,097,746. Luxembourg ranks 162 out of 194 countries in terms of population.

Population ages 0-14 (% of total population): With a value of 15.98%, Luxembourg has a lower percentage of children aged 0-14 compared to the average of 27.34%. Luxembourg ranks 161 out of 194 countries in this demographic.

Population ages 0-14, total: Luxembourg's total population in this age group is 100,747, much lower than the average of 10,327,379. Luxembourg ranks 168 out of 194 countries for this demographic.

Population ages 15-64 (% of total population): The working-age population in Luxembourg represents 69.46% of the total population, higher than the average of 63.44%. Luxembourg ranks 28 out of 194 countries for this demographic.

Population ages 15-64, total: Luxembourg's total population in the 15-64 age group is 437,895, below the average of 26,003,407. Luxembourg ranks 161 out of 194 countries for this age group.

Population ages 65 and above (% of total population): The elderly population in Luxembourg constitutes 14.56% of the total population, higher than the average of 9.22%. Luxembourg ranks 50 out of 194 countries for this demographic.

Population ages 65 and above, total: Luxembourg has 91,777 individuals aged 65 and above, much lower than the average of 3,766,959. Luxembourg ranks 149 out of 194 countries in this age category.

Summary

Luxembourg has a relatively small population compared to the global average, with lower percentages of children and higher percentages of working-age individuals and elderly citizens. This demographic profile indicates a potentially aging population with implications for healthcare, pension systems, and workforce sustainability in Luxembourg.

Population Miscellaneous

Rural population in Luxembourg is significantly below the attribute average, ranking 176 out of 190 countries. This indicates a high level of urbanization compared to other nations.

Rural population (% of total population) in Luxembourg is significantly below the attribute average, ranking 180 out of 190 countries. This suggests a more urbanized population composition.

Urban population in Luxembourg is notably below the attribute average, ranking 154 out of 194 countries. Luxembourg's urban population is proportionally smaller compared to the average.

Urban population (% of total population) in Luxembourg is above the attribute average, ranking 15 out of 194 countries. This indicates a relatively higher urban population percentage compared to other nations.

Age dependency ratio (% of working-age population) in Luxembourg is below the attribute average, ranking 167 out of 194 countries. The country has a lower dependency burden on its working-age population.

Birth rate, crude (per 1,000 people) in Luxembourg is below the attribute average, ranking 155 out of 192 countries. The birth rate is lower compared to the average, indicating a potential demographic trend towards lower population growth.

Death rate, crude (per 1,000 people) in Luxembourg is below the attribute average, ranking 108 out of 192 countries. The country has a lower crude death rate compared to the average, indicating better health outcomes or demographics.

Fertility rate, total (births per woman) in Luxembourg is significantly below the attribute average, ranking 175 out of 190 countries. The fertility rate is lower compared to the average, indicating potential demographic challenges related to population replacement levels.

Summary

Overall, Luxembourg exhibits a high level of urbanization with a significantly lower rural population and a relatively higher urban population compared to the global average. The country also has below-average dependency ratio, birth rate, death rate, and fertility rate, indicating potential demographic challenges such as an aging population and lower population growth rates. These indicators are crucial for policymakers and analysts as they highlight the need for strategies to address demographic shifts, ensure sustainable economic growth, and plan for future healthcare and social security needs.

Military

Analysis of Military Expenditure (current USD): With a value of 425,168,129.49, Luxembourg's military expenditure is significantly below the average of 12,904,993,617.17. Ranking 91 out of 149 countries, Luxembourg is among the lower spenders in this category.

Analysis of Military Expenditure (% of GDP): Luxembourg's military expenditure as a percentage of GDP stands at 0.58, well below the average of 1.90. This places Luxembourg at the 136th position out of 148 countries included in the data.

Analysis of Arms Imports (SIPRI trend indicator values): Luxembourg's arms imports are at 88,000,000, much lower than the average of 205,522,123.89. With this figure, Luxembourg ranks 40th out of 113 countries in the dataset.

Analysis of Armed Forces Personnel, Total: Luxembourg has 1,000 total armed forces personnel, which is significantly below the average of 165,908.54. This places Luxembourg at the 164th rank out of 164 countries included in the data, indicating a relatively small military presence.

Analysis of Armed Forces Personnel (% of total labor force): With armed forces personnel making up 0.31% of its total labor force, Luxembourg is below the average of 1.28%. In this category, Luxembourg ranks 145th out of 164 countries, showing a smaller military workforce compared to other nations.

Summary

In summary, Luxembourg has a notably low level of military expenditure, arms imports, and armed forces personnel compared to global averages and rankings. These indicators suggest that Luxembourg maintains a modest military presence and prioritizes other areas of spending and development over defense. This emphasis on non-military allocations may reflect Luxembourg's focus on diplomatic solutions and international cooperation to ensure security and stability within the region and globally.

Natural Resources

- Luxembourg has a forest area of 887 sq. km, which is significantly below the average of 211,606.11 sq. km, ranking 158th out of 191 countries.
- The land area of Luxembourg is 2574.46 sq. km, far below the average of 665,166.51 sq. km, placing it at the 168th position out of 194 countries.
- With a surface area of 2590 sq. km, Luxembourg falls well below the average of 689,779.56 sq. km, also ranking 168th out of 194 countries.
- Luxembourg's arable land spans 62,130 hectares, much lower than the average of 7,329,543.16 hectares, positioning it at the 154th spot out of 190 countries.
- The country has 25,490 hectares of land under cereal production, significantly less than the average of 4,206,011.63 hectares, placing it at the 149th position among 174 countries.
- Luxembourg experiences an average precipitation depth of 934 mm per year, slightly lower than the average of 1,157.83 mm, ranking 94th among 178 countries.
- In terms of renewable internal freshwater resources, Luxembourg has a total of 1 billion cubic meters, well below the average of 240.41 billion cubic meters, placing it at the 155th position out of 178 countries.

Summary

Resource Rents

Luxembourg's total natural resources rents account for 0.67% of its GDP, significantly below the average of 4.63%. This places Luxembourg at rank 168 out of 175 countries in the dataset.

Similarly, Luxembourg's forest rents as a percentage of GDP stand at 0.67%, well below the average of 1.53%. This places Luxembourg at rank 156 out of 174 countries in the dataset.

Summary

Luxembourg's low total natural resources and forest rents as a percentage of GDP indicate a limited reliance on natural resource extraction compared to other countries in the dataset. This could suggest that Luxembourg's economy is more diversified and less dependent on the exploitation of natural resources for economic growth, potentially leading to greater stability and sustainability in the long term.

Commodities

Regarding Cereal production in Luxembourg, the country's value of 146,230 metric tons is significantly below the attribute average of 17,249,945.93 metric tons, placing Luxembourg at a rank of 139 out of 174 countries included in the data.

As for Fertilizer consumption in Luxembourg, the country's value of 218.73 kilograms per hectare of arable land is above the attribute average of 159.04 kilograms per hectare. This places Luxembourg at a rank of 36 out of 187 countries in the dataset.

Summary

In summary, Luxembourg has a relatively low cereal production compared to the global average, ranking 139th out of 174 countries. However, the country demonstrates above-average fertilizer consumption, ranking 36th out of 187 countries. These indicators are crucial as they highlight Luxembourg's efficiency in utilizing agricultural inputs like fertilizers to potentially offset its limitations in cereal production and ensure food security.

Intellectual Property

Analysis of key statistics for Luxembourg:

1. Patent applications by nonresidents: Luxembourg has 679 patent applications, which is below the average of 6538.40 applications. It ranks 35th out of 129 countries.

2. Patent applications by residents: Luxembourg has 129 patent applications, significantly below the average of 19037.56 applications. It ranks 63rd out of 117 countries.

3. Scientific and technical journal articles: Luxembourg has 946.94 articles, well below the average of 15103.76 articles. It ranks 84th out of 192 countries.

4. Charges for the use of intellectual property payments: Luxembourg has payments of 8,787,055,755.82 USD, above the average of 3,218,843,494.39 USD. It ranks 14th out of 143 countries.

5. Charges for the use of intellectual property receipts: Luxembourg has receipts of 2,020,719,675.83 USD, below the average of 3,191,687,117.58 USD. It ranks 19th out of 122 countries.

6. Researchers in R&D per million people: Luxembourg has 4690.30 researchers, above the average of 2556.45 researchers. It ranks 17th out of 72 countries.

Summary

In summary, Luxembourg performs below average in terms of patent applications by nonresidents, residents, scientific and technical journal articles, and charges for the use of intellectual property receipts, but above average in charges for the use of intellectual property payments and researchers in R&D per million people. These statistics are important as they indicate Luxembourg's strengths in research and development activities, while also highlighting areas that may require further investment and development to enhance innovation and knowledge creation.

Broad Economy Attributes

When examining the GDP (current US$) attribute for Luxembourg, we see that the country's value is significantly below the attribute average, ranking 69th out of 189 countries included in the data set.

Luxembourg's GDP per capita (current US$) is notably above the attribute average, ranking 3rd out of 190 countries in the dataset, showcasing the country's strong economic performance on an individual basis.

For GNI (current US$), Luxembourg's value falls below the attribute average, ranking 79th out of 185 countries, indicating some disparities in national income levels compared to other nations.

When looking at GNI per capita, PPP (current international $), Luxembourg shines with a value significantly higher than the attribute average, ranking 3rd out of 181 countries in the dataset, demonstrating a high standard of living relative to other nations.

Summary

In summary, Luxembourg displays a mixed performance across key macroeconomic indicators. While its GDP (current US$) lags behind the global average, its GDP per capita (current US$) and GNI per capita, PPP (current international $) metrics rank among the top performers globally. These indicators suggest that Luxembourg's economy prioritizes individual prosperity and standards of living over overall GDP figures. This emphasis on quality of life indicators rather than sheer economic output highlights Luxembourg's focus on ensuring high living standards for its residents, potentially attracting skilled workers and fostering sustainable economic growth.

Broad Value Added

- Gross value added at basic prices (GVA) (current US$): Luxembourg's GVA is $67,263,229,832.01, ranking 64th out of 176 countries with data available. This value is below the average GVA of $360,070,943,595.12.
- Agriculture, forestry, and fishing, value added (% of GDP): Luxembourg's value added in this sector is 0.20% of its GDP, ranking 180th out of 182 countries. The value is significantly below the average of 10.86%.
- Agriculture, forestry, and fishing, value added (current US$): The country's value added in this sector is $146,729,938.74, which ranks 158th out of 182 countries. It is notably lower than the average of $19,924,732,828.07.
- Services, value added (% of GDP): Luxembourg's service sector contributes 79.76% to its GDP, ranking 6th out of 183 countries. This value is above the average of 56.72%.
- Services, value added (current US$): The country's service sector value added is $58,779,705,296.32, placing it 61st out of 183 countries. This amount is below the average of $295,837,711,130.69.
- Industry (including construction), value added (current US$): Luxembourg's industry sector value added is $8,336,794,596.94, ranking 94th among 183 countries. The value is considerably below the average of $118,421,095,413.50.

Summary

Luxembourg has a relatively small agricultural sector, with value added in agriculture, forestry, and fishing accounting for a minimal percentage of its GDP and ranking poorly compared to other countries. However, the country excels in the service sector, with services contributing significantly to its GDP and ranking among the top performers globally. The industry sector, while below the average in value added, still plays a notable role in Luxembourg's economy. These findings are important as they highlight Luxembourg's economic specialization in services, its limited dependence on agriculture, and the room for growth in its industrial sector for further economic diversification and resilience.

Manufacturing Value Added

Manufacturing, value added in Luxembourg is 3642511363.68 USD. This is significantly below the average value added for manufacturing globally. Luxembourg ranks 93 out of 173 countries in this attribute.

Manufacturing, value added (% of GDP) in Luxembourg is 4.94%, which is below the global average. Luxembourg ranks 147 out of 173 countries in this attribute.

Medium and high-tech manufacturing value added (% manufacturing value added) in Luxembourg is 23.47%. Although slightly below the average, Luxembourg still ranks 72 out of 149 countries.

Chemicals (% of value added in manufacturing) in Luxembourg is 4.00%, well below the global average. Luxembourg ranks 80 out of 89 countries in this attribute.

Food, beverages, and tobacco (% of value added in manufacturing) in Luxembourg is 9.69%, significantly lower than the average. Luxembourg ranks 82 out of 92 countries.

Machinery and transport equipment (% of value added in manufacturing) in Luxembourg is 15.50%, slightly below the average. Luxembourg ranks 47 out of 93 countries.

Other manufacturing (% of value added in manufacturing) in Luxembourg is 70.80%, which is notably above the global average. Luxembourg ranks 3 out of 94 countries in this attribute.

Summary

Luxembourg's manufacturing sector displays mixed performance compared to global averages. While the overall value added in manufacturing is below average, the country ranks relatively well in medium and high-tech manufacturing value added. However, Luxembourg lags in key subsectors such as chemicals, food, beverages, and tobacco. The high percentage of other manufacturing value added showcases potential strengths and diversification in the sector.

These indicators are crucial as they shed light on Luxembourg's industrial composition and competitive advantages. Understanding the strengths and weaknesses in specific subsectors can guide policymakers and businesses in leveraging existing capabilities and addressing areas for improvement, ultimately influencing the country's economic development trajectory and global competitiveness.

Money

Analysis for Luxembourg:

1. Inflation, consumer prices (annual %): Luxembourg has a relatively low inflation rate of 0.82%, which is significantly below the average of 8.26% among 165 countries. This places Luxembourg at the 111th rank out of 165 countries.

2. Inflation, GDP deflator (annual %): Luxembourg's inflation rate based on the GDP deflator is 4.30%, slightly below the average of 6.90% across 188 countries. This places Luxembourg at the 56th rank out of 188 countries.

Summary

Luxembourg demonstrates a stable economic environment with a low consumer price inflation rate of 0.82% and a GDP deflator inflation rate of 4.30%. These figures position Luxembourg favorably compared to global averages, indicating a relatively controlled price level within the country. Such stability in inflation rates is crucial for maintaining purchasing power, investor confidence, and overall economic growth in Luxembourg.

Consumption Expenditure

Final consumption expenditure (current US$): Luxembourg's final consumption expenditure is 35.8 billion US$, significantly below the average of 381.6 billion US$. This places Luxembourg at rank 81 out of 159 countries.

Final consumption expenditure (% of GDP): Luxembourg's final consumption expenditure as a percentage of GDP is 48.7%, lower than the average of 82.4%. With a rank of 156 out of 159 countries, Luxembourg has a relatively low consumption expenditure compared to its GDP.

General government final consumption expenditure (current US$): Luxembourg's government final consumption expenditure is 13.6 billion US$, much lower than the average of 93.7 billion US$. This places Luxembourg at rank 64 out of 158 countries.

General government final consumption expenditure (% of GDP): Luxembourg's government final consumption expenditure as a percentage of GDP is 18.5%, slightly below the average of 18.7%. With a rank of 74 out of 158 countries, Luxembourg maintains a similar expenditure level relative to its GDP compared to other nations.

Household and NPISHs Final consumption expenditure (current US$): Luxembourg's household final consumption expenditure is 22.3 billion US$, significantly below the average of 290.1 billion US$. This places Luxembourg at rank 88 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Luxembourg's household final consumption expenditure as a percentage of GDP is 30.2%, lower than the average of 63.7%. With a rank of 155 out of 158 countries, Luxembourg exhibits lower household consumption relative to its GDP compared to most nations.

Summary

Luxembourg's final consumption expenditure, government final consumption expenditure, and household final consumption expenditure all rank relatively low compared to other countries in terms of both total US$ spent and percentage of GDP spent. This indicates that Luxembourg has a more conservative approach to consumption, both by the government and households, compared to other nations. This could signify a focus on savings, investment, or a smaller domestic market requiring less consumption.

Equities

1. Listed domestic companies, total: Luxembourg has 29 listed domestic companies, which is significantly below the average of 636.625. This places Luxembourg at rank 59 out of 72 countries.

2. Stocks traded, total value (current US$): Luxembourg's total value of $47,910,000 in stocks traded is far below the average of $1,379,501,950,182.91. This ranks Luxembourg 60th out of 71 countries.

3. Stocks traded, total value (% of GDP): At 0.065% of GDP, Luxembourg's value for stocks traded is way lower than the average of 31.65%. This places Luxembourg at rank 65 out of 71 countries.

4. Market capitalization of listed domestic companies (current US$): Luxembourg's market capitalization of listed domestic companies stands at $51,567,600,000, well below the average of $1,196,037,851,618.88. Luxembourg ranks 37th out of 73 countries.

5. Market capitalization of listed domestic companies (% of GDP): With a percentage of 69.97%, Luxembourg's market capitalization is slightly below the average of 71.24% relative to GDP. It ranks 23rd out of 73 countries.

6. S&P Global Equity Indices (annual % change): Luxembourg shows a significant annual % change in S&P Global Equity Indices at 13.40%, much higher than the average of 2.06%. This places Luxembourg at rank 19 out of 79 countries.

Summary

Luxembourg exhibits lower numbers in key macroeconomic indicators such as the number of listed domestic companies, total value of stocks traded, market capitalization of listed domestic companies, and S&P Global Equity Indices compared to global averages. However, Luxembourg's market capitalization as a percentage of GDP is relatively close to the average. These indicators are crucial as they reflect Luxembourg's economic openness, investment opportunities, and financial market performance in comparison to other countries globally.

Investment

Foreign direct investment, net (BoP, current US$): Luxembourg's value for this attribute is significantly higher than the average, ranking 14 out of 169 countries. This indicates a strong inflow of foreign investment into Luxembourg compared to other countries.

Foreign direct investment, net inflows (BoP, current US$): Luxembourg's value for this attribute is above the average, ranking 23 out of 182 countries. The country shows a healthy net inflow of foreign investment.

Foreign direct investment, net inflows (% of GDP): Luxembourg's value for this attribute is considerably higher than the average, ranking 10 out of 178 countries. This demonstrates that foreign direct investment plays a significant role in Luxembourg's GDP.

Foreign direct investment, net outflows (BoP, current US$): Luxembourg's value for this attribute is significantly higher than the average, ranking 6 out of 156 countries. This suggests that Luxembourg is also making substantial investments abroad.

Foreign direct investment, net outflows (% of GDP): Luxembourg's value for this attribute is remarkably higher than the average, ranking 1 out of 155 countries. Luxembourg stands out for the significant outflow of investment relative to its GDP.

Portfolio Investment, net (BoP, current US$): Luxembourg's value for this attribute is above the average, ranking 35 out of 159 countries. The country attracts a considerable amount of portfolio investment.

Portfolio equity, net inflows (BoP, current US$): Luxembourg's value for this attribute is significantly above the average, ranking 2 out of 125 countries. This indicates a strong net inflow of portfolio equity, making Luxembourg an attractive destination for such investments.

Summary

Luxembourg stands out in the realm of foreign direct investment and portfolio investment, consistently ranking well above the global average in various indicators. The country attracts significant foreign investment, both in terms of direct inflows and outflows, showcasing its robust economic environment. Additionally, Luxembourg's strong performance in portfolio equity net inflows highlights its attractiveness to investors seeking opportunities in this asset class. These findings indicate Luxembourg's position as a key player in the global investment landscape, with a thriving economy that actively engages in international financial activities.

Broad Trade Attributes

Trade (% of GDP): Luxembourg's trade value accounts for 372.27% of its GDP, which is significantly higher than the average of 82.34%. This places Luxembourg at the top rank out of 163 countries in the dataset for this attribute.

Merchandise trade (% of GDP): With a value of 47.50%, Luxembourg's merchandise trade as a percentage of GDP is below the average of 60.01%. This places Luxembourg at the 108th rank out of 186 countries in the dataset.

Trade in services (% of GDP): Luxembourg's services trade constitutes 304.79% of its GDP, far exceeding the average of 24.63%. This places Luxembourg at the top rank out of 171 countries in the dataset for this attribute.

External balance on goods and services (current US$): Luxembourg's external balance amounts to $25,035,028,956.28, significantly higher than the average of $3,405,509,011.13. This places Luxembourg at the 14th rank out of 163 countries in the dataset.

External balance on goods and services (% of GDP): At 33.97%, Luxembourg's external balance as a percentage of GDP is much higher than the average of -5.97%. This places Luxembourg at the top rank out of 163 countries in the dataset for this attribute.

Summary

Luxembourg stands out in international trade, with exceptionally high values in Trade (% of GDP), Services Trade (% of GDP), and External Balance on Goods and Services (% of GDP). This indicates that Luxembourg has a highly open and globally integrated economy, excelling in both merchandise and services trade, leading to a strong external balance position. These indicators are crucial as they showcase Luxembourg's economic resilience, competitiveness, and ability to leverage its trade relationships for sustained growth and prosperity.

Net Trade

When looking at Current account balance (BoP, current US$), Luxembourg has a value of 6.36 billion US dollars, which is significantly above the average of 1.44 billion US dollars. This places Luxembourg at rank 25 out of 170 countries in the dataset.

For Current account balance (% of GDP), Luxembourg stands at 8.63%, well above the average of -2.36%. This places Luxembourg at rank 14 out of 170 countries in the dataset.

Regarding Net trade in goods and services (BoP, current US$), Luxembourg's value of 29.00 billion US dollars is much higher than the average of 2.60 billion US dollars. Luxembourg holds the 12th rank out of 171 countries in the dataset.

Looking at Net primary income (BoP, current US$), Luxembourg has a value of -22.62 billion US dollars, much lower than the average of -0.90 billion US dollars. In this attribute, Luxembourg is ranked 158th out of 170 countries.

For Net secondary income (BoP, current US$), Luxembourg's value of -24.55 million US dollars is below the average of -269.23 million US dollars. Luxembourg ranks 121st out of 170 countries in this attribute.

Considering Net trade in goods (BoP, current US$), Luxembourg's value of 1.70 billion US dollars is above the average of 1.30 billion US dollars. Luxembourg is ranked 49th out of 171 countries in this category.

In terms of Net capital account (BoP, current US$), Luxembourg's value of -78.61 million US dollars is below the average of 136.54 million US dollars. Luxembourg holds the 140th rank out of 159 countries in the dataset for this attribute.

Finally, for Net financial account (BoP, current US$), Luxembourg's value of 6.28 billion US dollars is significantly above the average of -0.47 billion US dollars. Luxembourg ranks 26th out of 170 countries in this attribute.

Summary

Luxembourg demonstrates a strong economic position in terms of its current account balance, net trade in goods and services, and net financial account. The country ranks relatively high in these indicators compared to the global average, showcasing its robust international trade relations and financial stability. However, Luxembourg faces challenges in net primary income and net capital account, indicating areas for potential improvement to achieve a more balanced economic profile.

These findings are crucial as they provide insights into Luxembourg's economic competitiveness, trade relationships, and financial stability on a global scale. Understanding these indicators can help policymakers and investors make informed decisions to further enhance Luxembourg's economic performance and ensure sustainable growth in the long run.

Broad Export Attributes

Analysis of key export attributes for Luxembourg:

1. Exports of goods, services, and primary income (BoP, current US$): Luxembourg's value of $465.67 billion is well above the average of $146.24 billion, ranking 16th out of 170 countries.

2. Exports of goods and services (BoP, current US$): With a value of $150.52 billion, Luxembourg surpasses the average of $122.94 billion, ranking 32nd out of 170 countries.

3. Exports of goods and services (current US$): Luxembourg's value of $149.70 billion is higher than the average of $129.60 billion, placing it 33rd out of 163 countries.

4. Exports of goods and services (% of GDP): Luxembourg excels with a value of 203.12%, far above the average of 38.19%, ranking 1st out of 163 countries.

5. Goods exports (BoP, current US$): Luxembourg's value of $24.56 billion is notably below the average of $93.31 billion, ranking 60th out of 171 countries.

6. International tourism, receipts (% of total exports): Luxembourg's value of 2.96% is below the average of 9.74%, ranking 68th out of 120 countries.

7. ICT goods exports (% of total goods exports): Luxembourg's value of 1.74% is under the average of 3.81%, ranking 48th out of 142 countries.

Summary

Luxembourg stands out in the global market for its strong export performance across various categories. The country excels in total exports, goods exports, and exports as a percentage of GDP, positioning itself among the top countries globally. This indicates Luxembourg's robust economic competitiveness and ability to leverage its exports for economic growth and development.

Merchandise Exports

Analysis of key statistics for Luxembourg:

1. Merchandise exports (current US$): Luxembourg's merchandise exports amount to $13,839,000,000. This is below the average of $89,542,711,229.95. Luxembourg ranks 76 out of 187 countries in this category.

2. Agricultural raw materials exports (% of merchandise exports): Luxembourg's percentage of agricultural raw materials exports is 1.30%, lower than the average of 2.97%. The country is ranked 70 out of 151 countries.

3. Food exports (% of merchandise exports): Luxembourg's food exports represent 9.91% of its merchandise exports, which is below the average of 24.06%. Luxembourg holds the 104th rank out of 152 countries.

4. Fuel exports (% of merchandise exports): Luxembourg's fuel exports constitute 0.08% of its merchandise exports, significantly lower than the average of 13.70%. The country is ranked 128 out of 147 nations.

5. Ores and metals exports (% of merchandise exports): Luxembourg's ores and metals exports make up 4.41% of its total merchandise exports, which is below the average of 9.10%. The country is positioned at 62 out of 152 countries.

6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): Luxembourg's residual merchandise exports account for 0.49% of its total merchandise exports. This value is below the average of 3.20%. Luxembourg holds the 75th rank out of 166 countries.

Summary

In summary, Luxembourg's key macroeconomic indicators for merchandise exports, agricultural raw materials exports, food exports, fuel exports, ores and metals exports, and residual merchandise exports all fall below global averages, with the country ranking moderately or low in comparison to other nations. These statistics are important as they highlight Luxembourg's limited presence in international trade markets and its reliance on diversified sectors for revenue generation.

Technology Exports

Manufactures exports (% of merchandise exports): Luxembourg's value is 81.76%, significantly higher than the average of 42.62%. It ranks 18th out of 152 countries.

High-technology exports (current US$): Luxembourg's value is $618,349,395, much lower than the average of $16,655,934,078.80. It ranks 58th out of 151 countries.

High-technology exports (% of manufactured exports): Luxembourg's value is 5.62%, below the average of 10.15%. It ranks 81st out of 150 countries.

Medium and high-tech exports (% manufactured exports): Luxembourg's value is 47.82%, above the average of 34.29%. It ranks 49th out of 149 countries.

Summary

Luxembourg stands out for its high share of manufactures exports, despite having lower levels of high-technology exports in both absolute and relative terms compared to global averages. However, the country excels in medium and high-tech exports, indicating a diverse manufacturing sector.

These indicators are crucial for Luxembourg's economic development as they highlight the country's specialization in certain industries and its ability to compete globally. The high percentage of manufactures exports signifies a strong industrial base, while the focus on medium and high-tech exports suggests an emphasis on innovation and value-added production.

Service Exports

Service exports (BoP, current US$): Luxembourg's service exports amount to $125.96 billion, significantly higher than the average of $28.92 billion. Luxembourg ranks 11th out of 171 countries in this attribute.

ICT service exports (BoP, current US$): With ICT service exports of $4.57 billion, Luxembourg is slightly below the average of $4.58 billion. The country ranks 28th out of 166 countries for this statistic.

ICT service exports (% of service exports, BoP): Luxembourg's ICT service exports account for 3.63% of its total service exports, much lower than the average of 11.75%. This places Luxembourg at the 128th position out of 166 countries.

Communications, computer, etc. (% of service exports, BoP): Luxembourg's services in this category represent 28.53% of its total service exports, below the average of 45.85%. The country is ranked 120th out of 169 nations.

Transport services (% of service exports, BoP): Luxembourg's transport services comprise 11.42% of its service exports, lower than the average of 21.80%. The country is ranked 107th out of 169 countries in this attribute.

Travel services (% of service exports, BoP): Luxembourg's travel services make up 3.49% of its service exports, significantly less than the average of 26.40%. The country ranks 155th out of 167 nations for this statistic.

Insurance and financial services (% of service exports, BoP): Luxembourg excels in this category, with insurance and financial services contributing 56.55% to its service exports, well above the average of 6.45%. This places Luxembourg at the top rank among 161 countries analyzed.

Summary

Luxembourg demonstrates a strong presence in the export of insurance and financial services, outperforming the global average by a significant margin and securing the top rank among analyzed countries. However, in other key areas such as ICT service exports, transport services, and travel services, Luxembourg falls below the global averages, indicating potential areas for improvement to diversify its service export portfolio and enhance economic resilience. Understanding these dynamics is crucial for Luxembourg's economic development strategy, as it highlights areas where targeted policies and investments can further boost its competitiveness and sustainability in the global market.

Commercial Service Exports

Commercial service exports (current US$): Luxembourg's commercial service exports are significantly above the average, ranking 11th out of 171 countries in the dataset.

Travel services (% of commercial service exports): Luxembourg's percentage of travel services in commercial service exports is below average, ranking 157th out of 167 countries.

Computer, communications and other services (% of commercial service exports): Luxembourg's percentage of these services in commercial exports is below average, ranking 112th out of 169 countries.

Insurance and financial services (% of commercial service exports): Luxembourg's reliance on insurance and financial services in commercial exports is well above average, ranking 1st out of 161 countries.

Transport services (% of commercial service exports): Luxembourg's reliance on transport services in commercial exports is below average, ranking 113th out of 169 countries.

Summary

Overall, Luxembourg stands out for its strong performance in commercial service exports, ranking 11th out of 171 countries in the dataset. However, the country's reliance on travel services, computer, communications, and other services, as well as transport services, is below average. In contrast, Luxembourg excels in insurance and financial services, ranking 1st out of 161 countries. These findings are important as they highlight Luxembourg's specialization in high-value insurance and financial services, despite having room for improvement in diversifying its commercial service exports portfolio.

Broad Import Attributes

Imports of goods and services (current US$): Luxembourg's value of $124.66 billion is below the average of $126.19 billion. It ranks 33 out of 163 countries.

Imports of goods and services (% of GDP): Luxembourg's value of 169.15% is significantly above the average of 44.15%. It ranks 1 out of 163 countries.

International tourism, expenditures (% of total imports): Luxembourg's value of 2.02% is below the average of 3.98%. It ranks 96 out of 131 countries.

ICT goods imports (% total goods imports): Luxembourg's value of 4.34% is below the average of 6.85%. It ranks 91 out of 143 countries.

Goods imports (BoP, current US$): Luxembourg's value of $22.85 billion is below the average of $92.01 billion. It ranks 65 out of 171 countries.

Imports of goods and services (BoP, current US$): Luxembourg's value of $121.52 billion is slightly above the average of $120.32 billion. It ranks 33 out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Luxembourg's value of $459.29 billion is significantly above the average of $144.51 billion. It ranks 16 out of 170 countries.

Summary

Luxembourg stands out in international trade with its high percentage of imports relative to its GDP and the significant amount spent on imports of goods, services, and primary income. Despite ranking below average in some import categories, such as tourist expenditures and ICT goods imports, Luxembourg's overall strong import performance reflects its heavy involvement in global trade and economy. These indicators are important as they highlight Luxembourg's dependency on imports and its role as a key player in the international trade market.

Merchandise Imports

Luxembourg's merchandise imports amount to $21,165,000,000, ranking 67 out of 190 countries. This is below the average merchandise imports of $89,385,605,263.16.

Manufactures imports account for 71.08% of Luxembourg's total merchandise imports, which is above the average of 66.76%. Luxembourg ranks 52 out of 152 countries in this category.

Luxembourg's agricultural raw materials imports contribute to 1.43% of its total merchandise imports, slightly higher than the average of 1.27%. The country ranks 50 out of 152 nations.

Food imports represent 13.71% of Luxembourg's merchandise imports, below the average of 15.89%. The country ranks 82 out of 152 countries in food imports.

Fuel imports account for 5.13% of Luxembourg's merchandise imports, significantly lower than the average of 11.38%. Luxembourg is ranked 129 out of 152 countries in this aspect.

Ores and metals imports make up 5.06% of Luxembourg's total merchandise imports, significantly higher than the average of 2.57%. Luxembourg ranks 18 out of 152 countries in this category.

The residual merchandise imports, a small fraction of Luxembourg's total merchandise imports at 0.19%, is lower than the average of 2.51%. Luxembourg ranks 110 out of 180 countries in this category.

Summary

Luxembourg has a diverse import profile with a higher proportion of manufactured goods and ores/metals imports compared to the global average, while having lower imports of food and fuel. This indicates Luxembourg's strong industrial sector and reliance on imported raw materials for production. Understanding the composition of imports is crucial for policymakers to assess the country's economic structure, trade dependencies, and vulnerabilities to external shocks in specific sectors.

Service Imports

Service imports in Luxembourg amount to $98,662,773,047.15, significantly above the average of $27,615,356,170.47. This places Luxembourg at the 15th rank out of 171 countries in terms of service imports.

Communications, computer, etc. constitute 35.82% of Luxembourg's service imports, lower than the average of 44.40%. This places Luxembourg at the 112th rank out of 169 countries in this category.

Transport services make up 13.66% of Luxembourg's service imports, well below the average of 32.90%. Luxembourg ranks 160th out of 169 countries in this aspect.

Travel services represent 2.11% of Luxembourg's service imports, significantly lower than the average of 14.14%. Luxembourg ranks 158th out of 169 countries for travel services.

Insurance and financial services account for 48.41% of Luxembourg's service imports, far surpassing the average of 8.53%. This places Luxembourg at the top rank out of 169 countries in this category.

Summary

In summary, Luxembourg stands out globally for its exceptionally high service imports, with a heavy emphasis on insurance and financial services, ranking first in this category among 169 countries. However, it lags behind in areas such as transport and travel services compared to the global average. These findings are crucial as they indicate Luxembourg's specialization in high-value services, which can contribute significantly to its economy but also highlight potential areas for diversification and growth.

Commercial Service Imports

Analysis of Commercial Service Imports (current US$): Luxembourg has a focus country value of $98,589,070,248.75, which is significantly higher than the attribute average of $27,102,746,128.60. This places Luxembourg at rank 15 out of 171 countries in this dataset.

Analysis of Computer, Communications and Other Services (% of Commercial Service Imports): Luxembourg's value of 35.77% is below the attribute average of 41.71%, ranking it at 103 out of 169 countries for this metric.

Analysis of Insurance and Financial Services (% of Commercial Service Imports): Luxembourg excels in this category with a value of 48.45%, far exceeding the attribute average of 8.85%. This places Luxembourg at the top rank out of 169 countries included in the data.

Analysis of Transport Services (% of Commercial Service Imports): Luxembourg's value of 13.67% is below the average of 34.71%, ranking it at 160 out of 169 countries for this metric.

Analysis of Travel Services (% of Commercial Service Imports): Luxembourg's value of 2.11% is well below the attribute average of 14.73%, placing it at rank 158 out of 169 countries in this dataset.

Summary

Luxembourg displays a strong focus on commercial service imports, with a value far above the average, particularly excelling in insurance and financial services. However, the country falls behind in the percentage allocation towards transport and travel services compared to the average, indicating potential areas for growth and optimization.

These findings are crucial as they highlight Luxembourg's specialization in specific service sectors, such as insurance and financial services, which could be leveraged for further economic growth and international competitiveness. Moreover, addressing the lower allocation towards transport and travel services could potentially diversify the country's service sector portfolio and enhance its overall service offerings.

Infrastructure

Luxembourg's railways passengers carried is significantly below the attribute average of 32,281.9 million passenger-km, ranking 47 out of 64 countries. The country's railways goods transported of 162 million ton-km is also notably below the average of 119,231.2 million ton-km, ranking 60 out of 62 countries.

On the other hand, Luxembourg's air transport freight of 7,344.8 million ton-km is well above the average of 1,384.4 million ton-km, placing the country at a high rank of 8 out of 126 countries. Additionally, the country's air transport registered carrier departures worldwide is significantly below average at 32,964.6 departures, ranking 53 out of 149 countries.

Furthermore, Luxembourg's air transport passengers carried is notably below the average at 753,114 passengers, ranking 81 out of 149 countries. Lastly, the country's rail lines total route-km of 271 is significantly below the average of 12,204.7 km, placing Luxembourg at rank 65 out of 66 countries.

Summary

Luxembourg's performance in key macroeconomic indicators such as railways passengers carried, railways goods transported, air transport freight, air transport passengers carried, air transport registered carrier departures, and rail lines total route-km reveals a mixed picture. The country ranks below average in railways passengers carried, railways goods transported, air transport passengers carried, and rail lines total route-km, indicating potential challenges in these areas. Conversely, Luxembourg excels in air transport freight and performs reasonably well in air transport registered carrier departures. These findings are crucial as they provide insights into Luxembourg's transportation infrastructure, connectivity, and economic competitiveness on both regional and global scales.

Information Technology Infrastructure

- Luxembourg has 28,308 secure internet servers, which is below the average of 458,294. Luxembourg ranks 56 out of 193 countries in this attribute data.
- There are 44,903 secure internet servers per 1 million people in Luxembourg, significantly above the average of 14,067. Luxembourg ranks 20 out of 193 countries in this attribute data.
- 98.46% of individuals in Luxembourg use the internet, surpassing the average of 64.77%. This places Luxembourg at rank 6 out of 180 countries in this attribute data.
- Luxembourg has 235,188 fixed broadband subscriptions, below the average of 6,591,956. Luxembourg ranks 109 out of 185 countries in this attribute data.
- With 838,120 mobile cellular subscriptions, Luxembourg falls short of the average of 42,526,464. Luxembourg ranks 159 out of 193 countries in this attribute data.

Summary

Luxembourg performs well in terms of secure internet servers per 1 million people and internet usage rate, ranking above average globally. However, it lags behind in fixed broadband and mobile cellular subscriptions. These indicators are crucial as they reflect the country's level of digital infrastructure development, connectivity, and access to information and communication technologies, which are essential for economic growth, innovation, and competitiveness in the modern digital age.

Energy Consumption

Regarding Renewable energy consumption (% of total final energy consumption), Luxembourg's value of 20.79% falls below the average of 32.18%. The country ranks at 105 out of 191 countries in the dataset.

On the other hand, for CO2 emissions (kt), Luxembourg's value of 7853.1 is significantly lower than the average of 171895.94 kt. This places Luxembourg at a good rank of 111 out of 188 countries in the data.

Summary

Luxembourg has a lower than average renewable energy consumption at 20.79% and significantly lower CO2 emissions at 7853.1 kt compared to global averages. Despite ranking relatively lower in renewable energy consumption and CO2 emissions, these statistics suggest that Luxembourg has potential for further environmental sustainability initiatives and could serve as a model for cleaner energy practices among nations.

Government Balance Sheet

1. Reserves and related items (BoP, current US$): Luxembourg's value for this attribute is $1,811,226.22. This is significantly below the attribute average of $1,924,407,186.58. Luxembourg ranks 94th out of 171 countries in this dataset.

2. Total reserves minus gold (current US$): Luxembourg's value for this attribute is $981,025,842.02. It is notably lower than the attribute average of $74,221,588,171.61. Luxembourg is ranked 126th out of 161 countries in this dataset.

3. Total reserves (includes gold, current US$): Luxembourg's total reserves amount to $1,119,076,142.02, which is well below the attribute average of $85,708,019,773.47. Luxembourg holds the 125th position out of 161 countries.

4. Total reserves in months of imports: Luxembourg's reserves in months of imports stands at 0.0292, significantly lower than the attribute average of 7.10 months. The country ranks 151st out of 151 countries included in this dataset.

Summary

Luxembourg lags behind global averages and ranks relatively low compared to other countries in key macroeconomic indicators such as total reserves and reserves in months of imports. This suggests that Luxembourg may have limited financial buffers and capacity to withstand external economic shocks or disruptions. Strengthening these reserves would be crucial for enhancing economic resilience and stability in the face of uncertainties in the global economic environment.

Government Revenue

- Luxembourg's Revenue, excluding grants (% of GDP) stands at 40.70%, surpassing the average of 27.02%. The country ranks 10th out of 122 countries in this statistic.
- In terms of Social contributions (% of revenue), Luxembourg's value of 30.82% is higher than the average of 22.29%. It secures the 31st position out of 81 countries.
- Taxes on goods and services (% of revenue) in Luxembourg are below average at 26.50%, compared to the average of 31.82%. The country holds the 89th rank out of 122 countries.
- Luxembourg's Other taxes (% of revenue) are at 3.50%, above the average of 2.12%, placing it at the 23rd position out of 106 countries.
- Taxes on income, profits and capital gains (% of revenue) in Luxembourg are 31.99%, higher than the average of 24.66%. The country ranks 32nd out of 119 countries in this aspect.

Summary

Luxembourg exhibits a strong fiscal stance with high revenue excluding grants and social contributions, surpassing global averages. This indicates a robust financial position which could support sustainable development initiatives and provide a stable economic environment. The country's tax structure, with lower taxes on goods and services but higher on income and profits, reflects a balanced approach to revenue generation, potentially attracting investment and fostering economic growth.

Taxes

For "Tax revenue (% of GDP)", Luxembourg's tax revenue accounts for 25.23% of its GDP, which is 8.51% higher than the average of 16.72%. This places Luxembourg at the 9th rank out of 123 countries included in the data.

Regarding "Taxes on income, profits and capital gains (% of total taxes)", Luxembourg's value is 51.60%, surpassing the average by 13.21%. This ranks Luxembourg 23rd out of 120 countries in the dataset.

As for "Tariff rate, applied, weighted mean, all products (%)", Luxembourg has a rate of 1.48%, significantly below the average of 5.21%. This places Luxembourg at the 128th rank out of 153 countries in the dataset.

Summary

Luxembourg stands out in terms of tax revenue as it surpasses the average by 8.51%, positioning it at the 9th rank globally. Additionally, its emphasis on income, profits, and capital gains taxes, exceeding the average by 13.21%, places it at the 23rd spot. Conversely, with a substantially lower applied tariff rate of 1.48% compared to the global average of 5.21%, Luxembourg ranks 128th. These indicators are crucial as they reflect Luxembourg's strong fiscal policies, efficient tax collection system, and open trade approach, influencing its economic stability and attractiveness to investors.

Government Expenses

Expense (% of GDP): Luxembourg's expense as a percentage of GDP is 42.82%, which is above the average of 31.69%. The country is ranked 23 out of 123 countries in this attribute data.

Compensation of employees (% of expense): In Luxembourg, 20.28% of expenses go towards employee compensation, below the average of 24.70%. The country is ranked 68 out of 123 countries in this category.

Goods and services expense (% of expense): Luxembourg spends 7.42% of its expenses on goods and services, significantly lower than the average of 14.77%. The country is ranked 97 out of 122 countries.

Interest payments (% of expense): Luxembourg's expenditure on interest payments is 0.52% of expenses, which is below the average of 6.85%. The country ranks 115 out of 121 countries in this metric.

Other expense (% of expense): Luxembourg allocates 3.84% of expenses to other costs, which is under the average of 8.29%. The country is ranked 89 out of 120 nations.

Subsidies and other transfers (% of expenses): Luxembourg's spending on subsidies and transfers is 50.86% of expenses, higher than the average of 43.29%. The country is ranked 40 out of 121 countries in this attribute.

Summary

In analyzing Luxembourg's key macroeconomic indicators, the country demonstrates a high expense as a percentage of GDP, above-average spending on employee compensation, relatively lower allocation towards goods and services expenses, significantly lower interest payments, lower spending on other costs, and higher spending on subsidies and transfers compared to global averages. These statistics are crucial as they provide insight into Luxembourg's fiscal priorities, resource distribution, and economic stability in relation to other nations.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Urban population (% of total population)	15/194
Charges for the use of intellectual property, payments (BoP, current US$)	14/143
GDP per capita (current US$)	3/190
GDP per capita, PPP (current international $)	1/181
GNI per capita, PPP (current international $)	3/181
Services, value added (% of GDP)	6/183
Other manufacturing (% of value added in manufacturing)	3/94
Foreign direct investment, net (BoP, current US$)	14/169
Foreign direct investment, net inflows (% of GDP)	10/178
Foreign direct investment, net outflows (BoP, current US$)	6/156
Foreign direct investment, net outflows (% of GDP)	1/155
Portfolio equity, net inflows (BoP, current US$)	2/125
Trade (% of GDP)	1/163
Trade in services (% of GDP)	1/171
External balance on goods and services (current US$)	14/163
External balance on goods and services (% of GDP)	1/163
Current account balance (% of GDP)	14/170
Net trade in goods and services (BoP, current US$)	12/171
Exports of goods, services and primary income (BoP, current US$)	16/170
Exports of goods and services (% of GDP)	1/163
Service exports (BoP, current US$)	11/171
Insurance and financial services (% of service exports, BoP)	1/161
Commercial service exports (current US$)	11/171
Insurance and financial services (% of commercial service exports)	1/161
Imports of goods and services (% of GDP)	1/163
Imports of goods, services and primary income (BoP, current US$)	16/170
Service imports (BoP, current US$)	15/171
Insurance and financial services (% of service imports, BoP)	1/169
Commercial service imports (current US$)	15/171
Insurance and financial services (% of commercial service imports)	1/169
Air transport, freight (million ton-km)	8/126
Individuals using the Internet (% of population)	6/180
Revenue, excluding grants (% of GDP)	10/122
Tax revenue (% of GDP)	9/123

Ranks in Bottom Decile For:

Attribute	Rank/Total
Rural population	176/190
Rural population (% of total population)	180/190
Fertility rate, total (births per woman)	175/190
Military expenditure (% of GDP)	136/148
Armed forces personnel, total	164/164
Total natural resources rents (% of GDP)	168/175
Agriculture, forestry, and fishing, value added (% of GDP)	180/182
Final consumption expenditure (% of GDP)	156/159
Households and NPISHs final consumption expenditure (% of GDP)	155/158
Stocks traded, total value (% of GDP)	65/71
Net primary income (BoP, current US$)	158/170
Travel services (% of service exports, BoP)	155/167
Travel services (% of commercial service exports)	157/167
Transport services (% of service imports, BoP)	160/169
Travel services (% of service imports, BoP)	158/169
Transport services (% of commercial service imports)	160/169
Travel services (% of commercial service imports)	158/169
Railways, goods transported (million ton-km)	60/62
Rail lines (total route-km)	65/66
Total reserves in months of imports	151/151
Interest payments (% of expense)	115/121