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The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Citizens of Luxembourg enjoy the highest per capita gross domestic product in the world, according to an IMF estimate in 2022. [ 24 ]
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [1] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
The following list of countries by labour productivity ranks countries by their workforce productivity. ... Luxembourg: 88.1: 130.7: 2022 ... GDP per hour worked 1970 ...
Moldova is the fastest growing economy in Europe, but is also one of Europe's poorest countries, with the lowest GDP (nominal) per capita of any European state. Monaco has the highest GDP (nominal) per capita of any European state. Russia is the largest transcontinental European economy and will remain so until at least 2030.
GOBankingRates ranked the top global economies based on GDP per capita. Find out the results, including which nation was named the richest country in the world. The 20 Richest Countries in the World
Real GDP Growth Rates in Europe [1] Rank Country GDP growth rate (%) Year 1 ... Luxembourg-1.1: 2023 est. 44
Real GDP Growth Rates in the European Union [1] Rank Country GDP growth rate (%) Year 1 ... Luxembourg: 2.9: 2018 est. 15