Australia vs Luxembourg: Divergence of GDP per capita among latecomers to the capitalist revolution
Australia
49,831 2011$
in 2018
Luxembourg
57,428 2011$
in 2018
Australia rank
11th
Luxembourg rank
8th
Divergence of GDP per capita among latecomers to the capitalist revolution over time
- Australia
- Luxembourg
How they compare
Luxembourg currently reports 57,428 2011$ against 49,831 2011$ in Australia, a difference of 7,597 2011$.
That makes Luxembourg's figure about 1.2 times Australia's.
Across all 69 years both countries report, Luxembourg has been ahead every year.
Australia ranks 11th and Luxembourg ranks 8th of 145 countries.
Luxembourg has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 12,559 2011$ | 13,897 2011$ | 1,338 2011$ | Luxembourg |
| 1960s | 15,869 2011$ | 17,666 2011$ | 1,797 2011$ | Luxembourg |
| 1970s | 20,872 2011$ | 23,077 2011$ | 2,204 2011$ | Luxembourg |
| 1980s | 24,614 2011$ | 28,654 2011$ | 4,040 2011$ | Luxembourg |
| 1990s | 30,544 2011$ | 41,135 2011$ | 10,591 2011$ | Luxembourg |
| 2000s | 41,055 2011$ | 53,231 2011$ | 12,176 2011$ | Luxembourg |
| 2010s | 47,772 2011$ | 55,153 2011$ | 7,381 2011$ | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher divergence of gdp per capita among latecomers to the capitalist revolution, Australia or Luxembourg?
- Luxembourg, at 57,428 2011$ against 49,831 2011$ in Australia as of 2018.
- What is the difference in divergence of gdp per capita among latecomers to the capitalist revolution between Australia and Luxembourg?
- 7,597 2011$, with Luxembourg ahead.
- How many years of comparable data are there for Australia and Luxembourg?
- 69 years are reported by both, from 1950 to 2018.
- How do Australia and Luxembourg rank globally for divergence of gdp per capita among latecomers to the capitalist revolution?
- Australia ranks 11th and Luxembourg ranks 8th of 145 countries.
- Where does this data come from?
- Maddison Project Database (2018) – processed by Our World in Data, published as Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]