Luxembourg in the Lead

• 💼 Dominant Service Sector

  In 2023, Luxembourg's trade in services reached an impressive 315.32% of GDP, highlighting its robust service economy. The country also excels in insurance and financial services, accounting for 45.84% of service imports.

  Economy & Growth Private Sector Trade

• 🌍 Global Trade Leaders

  Luxembourg's trade activities are booming, with exports and imports of goods and services comprising 212.53% and 181.69% of GDP respectively in 2023. Overall trade accounts for 394.22% of GDP, showcasing its global trade prowess.

  Economy & Growth Trade

• 🏛️ Top Government Effectiveness

  In 2023, Luxembourg achieved a perfect score in government effectiveness and regulatory quality, ranking at the top percentile globally. This reflects its efficient and well-regulated governance system.

  Public Sector

• 💰 High GDP Per Capita

  Luxembourg boasts a GDP per capita of $130,491 in 2023, one of the highest globally. Additionally, the GDP per person employed stands at $265,731, indicating a highly productive workforce.

  Economy & Growth Social Protection & Labor

• 🛡️ Lowest Child Mortality Rates

  In 2023, Luxembourg recorded one of the lowest probabilities of child mortality, with only 0.2 deaths per 1,000 children aged 5-9 and 10-14 years, showcasing its commitment to child health and safety.

  Education

• 🌱 Minimal Youth Mortality

  Luxembourg's youth mortality rate for ages 20-24 was just 0.9 per 1,000 in 2023, reflecting a strong healthcare system and supportive environment for young adults.

  Education

• 🎓 Highly Educated Population

  As of 2022, 28.16% of Luxembourg's population aged 25+ holds at least a Master's degree, with 32.67% of males achieving this level of education, highlighting the country's commitment to higher education.

  Education Gender

• 🤝 Support for Developing Nations

  In 2022, Luxembourg provided 0.37% of its GNI as net ODA to the least developed countries, demonstrating its commitment to international aid and development.

  Millenium development goals

• 🏡 High Standard of Living

  In 2022, Luxembourg's survey mean consumption or income per capita was $103.27 per day, reflecting a high standard of living for its residents.

  Poverty

• 💰 Minimal Prosperity Gap

  In 2022, Luxembourg had a prosperity gap of just $0.4, indicating a strong economic foundation and equitable wealth distribution.

• 🥗 Low Food Insecurity Prevalence

  With only 0.6% of its population experiencing severe food insecurity in 2022, Luxembourg stands as a model for food security and access.

  Health

• 🐟 Minimal Threatened Fish Species

  As of 2018, Luxembourg had only 1 threatened fish species, highlighting its effective environmental policies and conservation efforts.

  Environment

• 🔬 High R&D Technician Density

  With 3,166 technicians per million people in R&D as of 2017, Luxembourg fosters a strong environment for research and innovation.

  Science & Technology

Luxembourg Following Behind

• 📉 Minimal Total Reserves

  In 2023, Luxembourg's total reserves were equivalent to just 0.07 months of imports, indicating a potential vulnerability in economic resilience.

  Financial Sector External Debt