A liquid crystal display device includes a light source member and a display panel disposed on the light source member. The display panel includes a first substrate and a second substrate facing each other, a liquid crystal layer, and a color conversion layer that is disposed between the liquid crystal layer and the first substrate. The color conversion layer includes a light emitter and a low refractive body having a refractive index of about 1.0 to about 1.3. The liquid crystal display device exhibits high color reproducibility and improves external light extraction efficiency.