Estonia vs Luxembourg
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax, to help you decide where to invest, incorporate, or relocate.
Overall: Luxembourg ranks higher
Luxembourg scores 86/100 on our composite investment index, ahead of Estonia at 78/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
76
Economic strength
Luxembourg leads
88
82
Political stability
Luxembourg leads
92
82
Business climate
Luxembourg leads
88
74
Financial maturity
Luxembourg leads
85
72
Growth outlook
Estonia leads
68
Macro snapshot
43
GDP (USD bn)
-42.7 bn
86
2.2%
GDP growth (%)
+0.7 pp
1.5%
$32,150
GDP per capita (USD)
-100220.0
$132,370
3.5%
Inflation (%)
+1.0 pp
2.5%
4.5%
FDI (% of GDP)
-21.0 pp
25.5%
20%
Public debt (% of GDP)
-8.7 pp
29%
1.4
Population (M)
+0.7M
0.7
Estonia: strong sectors
- IT & Digital9.8% of GDP88
- Financial Services5.8% of GDP75
- Electronics5.5% of GDP72
- Timber & Wood4.2% of GDP68
Luxembourg: strong sectors
- Financial Services26.5% of GDP90
- Fund Management18.2% of GDP88
- Space Technology1.8% of GDP78
- Steel & Manufacturing3.5% of GDP72
Frequently asked
Which is better for investment: Estonia or Luxembourg?
Our composite investment index gives Estonia a score of 78/100 and Luxembourg a score of 86/100. Luxembourg ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Estonia a safer market than Luxembourg?
Risk classification puts Estonia as safe (Strong fundamentals, stable governance, favorable investment climate) and Luxembourg as safe (Strong fundamentals, stable governance, favorable investment climate).
Which has higher GDP growth: Estonia or Luxembourg?
Estonia is currently growing at 2.2% per year, vs 1.5% for Luxembourg. Estonia has the faster headline growth rate today.