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Luxembourg vs North Macedonia (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Sunday, 12th January 2025

The Standard of living in Luxembourg is 3.08 times better as compared to North Macedonia.

In this page, you will find side-by-side Standard of Living comparison between Luxembourg and North Macedonia. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Luxembourg and North Macedonia.

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Economic Factors Comparison

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Indicators
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Pictorial representation of map of luxembourg
Luxembourg
Image illustrating the flag of luxembourg
Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$89.095 billion USD$15.801 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
135,605 USD7,672 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.300.31
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
3.74 % annually9.36 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
2.9 % of GDPYet to Update
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Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.


As per the statistics from the World Bank Data for the year 2023, the total GDP of Luxembourg is $89.095 billion USD and that of North Macedonia is $15.801 billion USD.


On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.


From the above data, we can say that a person living and working in Luxembourg contributes more to the country's economy compared to a person working in North Macedonia.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of luxembourg
Luxembourg
Image illustrating the flag of luxembourg
Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.9270.765
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.690.56
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
100% (15 years+ above age)97.6% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
82.8 years73 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
71.2 years63.7 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
17.3% of total Population21.8% of total Population
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
5.19% of total labor force13.07% of total labor force

The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.


From the above given statistics, we can see that the HDI of Luxembourg is [ 0.927 ] and the HDI of North Macedonia is [ 0.765 ].

The data shows that the people living in Luxembourg has better income, life expectancy and education level compared to North Macedonia.

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Government National Expenditure Comparison

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Indicators
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Pictorial representation of map of luxembourg
Luxembourg
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Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
69.16 % of GDP113.51 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
5.67 % of GDP8.52 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
1.04 % of GDP0.38 % of GDP
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
4.7 % of GDP3.3 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
2,458 million USD153 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
525,000118,000
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
0.7 % of GDP1.61 (% of GDP)

The total Gross National Expenditure of Luxembourg is 69.16% of its GDP and the total Gross National Expenditure of North Macedonia is 113.51% of its GDP.

From the above data, we can say that Luxembourg spends 1.64 times less of its GDP on Gross National Expenditure compared to North Macedonia.

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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of luxembourg
Luxembourg
Image illustrating the flag of luxembourg
Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
29.85
(Per 10,000 People)
29.64
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
120.8
(Per 10,000 People)
48.3
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
6.98
(Per 10,000 People)
5.24
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
4.26
(Per 1000 People)
4.28
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
Yet to Update97.3 % of total Population

Luxembourg has 1.01 times more Doctors compared to North Macedonia (Per 10,000 People).

Luxembourg has 2.50 times more Nurses compared to North Macedonia (Per 10,000 People).

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Environmental Factors Comparison

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Indicators
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Pictorial representation of map of luxembourg
Luxembourg
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Pictorial representation of map of north-macedonia
North Macedonia
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Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
1,328.11 Sq Km12,600 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
887 Sq Km10,014.9 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.1 kg per PPP $ of GDP0.18 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
100 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
98.24 % of total Population83.02 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
0.05 Billion cubic meters1.6 Billion cubic meters

100% of the total Population of Luxembourg has access to the electricity in their homes, whereas, in case of North Macedonia, 100% of the total Population has access to electricity.

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Business Registration Comparison

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Indicators
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Pictorial representation of map of luxembourg
Luxembourg
Image illustrating the flag of luxembourg
Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
16.5 Days15 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
8,506 (New Businesses)6,478 (New Businesses)
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
18.9 (Per 1000 People)4.56 (Per 1000 People)
Cost of Business Start-Up Procedures (2023)
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1.6 % of GNI Per Capita3.1 % of GNI Per Capita

In the year 2023, 8,506 new businesses got registered in Luxembourg and 6,478 new businesses got registered in North Macedonia.

It usually takes 16.5 days in Luxembourg and 15 days in North Macedonia to register a new business legally and systematically.

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Import & Export Factors Comparison

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Indicators
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Pictorial representation of map of luxembourg
Luxembourg
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Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Imports of Goods and Services (2023)
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181.69 % of GDP86.31 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
7.19 % of Merchandise Imports13 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
Yet to Update150 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
Yet to Update7.5 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
Yet to Update50 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
0.5 Hour3 Hours
Image representing an indicator
Indicators
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Pictorial representation of map of luxembourg
Luxembourg
Image illustrating the flag of luxembourg
Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Exports of Goods and Services (2023)
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212.53 % of GDP72.79 % of GDP
Total Fuel Exports
(2023)
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0.14 % of Merchandise Exports4.12 % of Merchandise Exports
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
Yet to Update102.5 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
Yet to Update8.5 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
Yet to Update45 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
0.5 Hour2 Hours
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Tax Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of luxembourg
Luxembourg
Image illustrating the flag of luxembourg
Pictorial representation of map of north-macedonia
North Macedonia
Image illustrating the flag of north-macedonia
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
17 % of GDP24.55 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
25.97 % of GDP17.39 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
Yet to Update0.00002 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
27.06 % of Tax Revenue40.14 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
0.0005 % of Revenue3.92 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
55 Hours119 Hours
Customs and Other Import Duties (2023)
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0.001 % of Tax Revenue6.66 % of Tax Revenue

The taxes charged by Luxembourg on international trade is 0.0005% of the total revenue and the taxes charged by North Macedonia on international trade is 3.92% of the total revenue.

The Taxes charged on International Trade by Luxembourg is 7840.00 times less of its total revenue than of North Macedonia.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Luxembourg and North Macedonia.

For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.

The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.

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