Luxembourg Luxembourg vs Poland Poland development indicators, 2024

Indicator
Luxembourg
Luxembourg, Value
Poland
Poland, Value
Luxembourg
Luxembourg, Rank
Poland
Poland, Rank
Luxembourg Luxembourg as % of
Poland Poland
Current account balance (% of GDP) 13.8 0.196 7 52 7,064 %
Exports of goods and services (% of GDP) 216 52.3 1 37 412 %
GDP per capita (current US$) 137,517 25,023 2 48 550 %
GDP per capita, PPP (current international US$) 150,772 50,378 1 42 299 %
Imports of goods and services (% of GDP) 183 48.3 1 58 378 %
Inflation, consumer prices (annual %) 2.05 3.79 112 56 54.1 %
Net migration 5,677 -238,062 53 207
Population, total 677,717 36,554,707 167 42 1.85 %

Demography and Health

In terms of demographic indicators, Luxembourg boasts a higher birth rate of 9.5 per 1,000 people compared to Poland's 7.4, ranking it 28th globally while Poland ranks 72nd. However, the death rate in Luxembourg is lower, at 6.6 per 1,000, compared to Poland's 11.1, positioning Luxembourg in the 80th place and Poland in the 40th. Life expectancy at birth in Luxembourg is significantly higher at 83.4 years, ranked 4th, in contrast to Poland's 78.5 years, ranked 54th. Moreover, the mortality rate for under-five children is also much lower in Luxembourg at 2.3, while Poland reports 4.4. Additionally, net migration trends show Luxembourg experiencing positive net migration with 5,677 migrants, while Poland faces negative net migration of 238,062 individuals. The prevalence of undernourishment is similar at 2.5% for both countries, ranked 3rd. Overall, Luxembourg's demographics reflect higher health outcomes and a more favorable migration situation.

Economy

Luxembourg's economy is marked by an exceptionally high GDP per capita of $137,517, ranking first worldwide, while Poland's GDP per capita stands at $25,023, ranked 75th. In terms of economic contribution from exports, Luxembourg's exports account for a staggering 216% of its GDP compared to Poland's 52.3%. Luxembourg also ranks 4th for its export capability. Conversely, imports to GDP show Luxembourg again in a strong position at 183%, while Poland sits at 48.3%. The inflation rates favor Luxembourg as well, with an inflation rate of 2.1% in 2024 versus Poland's 3.8%, placing Luxembourg in the 92nd position for lowest inflation against Poland's 57th rank. Overall, Luxembourg demonstrates a much more robust and efficient economy.

Trade and Investment

Looking at trade and investment, Luxembourg excels with high-technology exports at $801.2 million, ranking 79th, whilst Poland leads at $29.6 billion with a rank of 24. This underscores Poland's stronger position in high-tech exports relative to its size. The current account balance is substantially in favor of Luxembourg at 13.8% of GDP, ranking 1st, as opposed to Poland's mere 0.2%, ranked 55th. Luxembourg's favorable balance indicates a strong pathway for investments while Poland's challenges in this regard may impact future opportunities.

Governance and Institutions

In terms of governance, Luxembourg scores impressively on various indices. Control of corruption stands at 1.9, placing it 11th, while Poland lags with a score of 0.6 in 52nd place. Moreover, government effectiveness in Luxembourg is rated at 1.9 as well, ranked 5th, drastically outperforming Poland's 0.4 and 66th position. The political stability index indicates Luxembourg also enjoys higher stability with a score of 1.1 (3rd rank) compared to Poland's 0.6 (57th). Both countries demonstrate different levels of regulatory quality, with Luxembourg scoring 1.9 (1st) and Poland at 0.8 (51st). The rule of law further substantiates Luxembourg's strong governance, rated at 1.8 (8th) compared to Poland's 0.5 (62nd). These metrics reflect Luxembourg's far superior institutional quality.

Infrastructure and Technology

For infrastructure, Luxembourg showcases a better logistics performance index at 3.6, ranking 13th globally, compared to Poland's slightly lower score of 3.5, which ranks 16th. The expenditure on research and development in Luxembourg at 1% of GDP is less compared to Poland's 1.5% (28th rank), indicating a greater commitment by Poland towards innovation and future technology. Nevertheless, the overall technological landscape seems favorable for both nations with Luxembourg still demonstrating efficiency in fundamental infrastructure aspects.

Environment and Sustainability

When considering environmental factors, Luxembourg consumes renewable energy at 20.5% of total final energy consumption, ranking 13th, while Poland lags behind at 15.2% (23rd rank). Luxembourg also reports lower total greenhouse gas emissions per capita at 11.8 tons of CO2e compared to Poland's 9.9 tons. Further, the country has significantly lower water stress levels at just 4% freshwater withdrawal of available resources, placing it 22nd, whereas Poland faces much higher water stress at 32.1%, ranking 7th. Both countries have tackled undernourishment rates equally, but Luxembourg's proactive steps in sustainability initiatives set it apart.