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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Luxembourg & Norway

Luxembourg Flag svg Norway Flag svg

Luxembourg vs Norway

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Luxembourg Norway
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World Rank 24 6.18 World Rank 25 5.67
The Grand Duchy of Luxembourg is a nation situated in the centre of Western part of Europe. It is a landlocked country with such border partners as Belgium, Germany, and France. The capital of the state is Luxembourg city and it is considered to be one of the four official capitals of the European Union (three others are Brussels, Frankfurt, and Strasbourg).  More about Luxembourg The Kingdom of Norway is a nation located in Northern Europe and it is one of the Nordic countries. Most of its territory is located on the western and northernmost portion of the Scandinavian Peninsula. However, they also own the archipelago of Svalbard and the Arctic island of Jan Mayen as well as several other minor isles. There are four different bordering nations, namely Sweden, Denmark, Finland and Russia. The Norwegian land covers approximately 385,000 square kilometers  More about Norway

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Luxembourg Norway
Position in the ranking of countries 69 (2023) 31 (2023)
GDP [US$] 85,755,006,123 485,310,823,603
Percentage of the other 17.7 % 565.9 %

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

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(United States of America (USA))

Luxembourg Norway
Position in the ranking of countries 85 (2023) 27 (2023)
GNI [US$] 55,813,004,025 507,846,254,957
Percentage of the other 11 % 909.9 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Luxembourg Norway
Position in the ranking of countries 19 (2023) 11 (2023)
External balance [US$] 26,447,309,455 71,491,259,072
Percentage of the other 37 % 270.3 %

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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(Eswatini)

Luxembourg Norway
Position in the ranking of countries 19 (2023) 11 (2023)
Unemployment [%] 5.94 3.97
Percentage of the other 149.6 % 66.8 %

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(India)

Luxembourg Norway
Position in the ranking of countries 160 (2023) 114 (2023)
Population 666,430 5,519,594
Percentage of the other 12.1 % 828.2 %

Population growth (annual %)

Density

Gender

Demography