2.1% is the average growth rate of the Luxembourg economy over the last 5 years, which is almost four times higher than that of the Euro zone. Employment in the country is increasing by an average of 3.1% per year.
Luxembourg's openness rate is 168.5%, making it the most open economy in the world.
25.7% is the share of the financial sector in the GDP. The Grand Duchy is an international financial centre.
With an amount close to 2,930 billion euros, Luxembourg is the third country in the OECD that receives the most Direct Investment from abroad, just behind the United States and the Netherlands.
Almost 40,000 SMEs employ 229,000 people in Luxembourg.
Luxembourg's future is shaped around a competitive, resilient and sustainable economic development focused on digital and environmental transitions. This strategy focuses on 7 priority sectors: industry 4.0, clean technologies, health technologies, logistics, information and communication technologies (ICT), space and financial services.
With a median per capita income in purchasing power standards that is 65% higher than the EU average, Luxembourg's population enjoys the highest purchasing power in Europe.
The minimum monthly wage is 2.256,95 euros (1.10.2021). This is the highest in the world, just ahead of Australia.
73.5% of employees do not have Luxembourg nationality, i.e. 27.3% are foreign residents and 46.2% are cross-border commuters.
With a public debt equivalent to 25.5% (2020) of its GDP, Luxembourg is the second least indebted country in the European Union, behind Estonia.
By devoting 1.0% of its Gross National Income to public development aid, Luxembourg is the third country in the world most committed to improving the economic development and living standards of developing countries.
The "baromètre de l'Economie" takes the pulse of the economy and captures the main concerns of companies every six months based on a survey conducted among a panel of 1,200 companies with 10 or more employees. It is intended to represent the evolution of the economic situation for Luxembourg companies, and thus to be a source of information for companies and decision-makers. The result of the Economy Barometer (out of 100) corresponds to the average of the 7 economic indicators: confidence in the future (company and economy), activity (last six months and next six months), employment, profitability and investment.
Have a look at the various edition of "baromètre de l'Economie" in French:
- Baromètre de l'économie - S2 2021 - Thématique : Economie circulaire
- Baromètre de l'économie - S1 2021 - Thématique : Skills & Training
- Baromètre de l'économie - S2 2020 - Thématique: Le développement durable
- Baromètre de l'économie - S1 2020 - Thématique: Les entreprises face à la crise
- Baromètre de l'économie - S2 2019 - Thématique: Transformation Digitale
- Baromètre de l'économie - S1 2019 - Thématique: Recrutement
Strengthening the competitiveness of companies and the economy in general is one of the main missions of the Chamber of Commerce. It does this through its proposals to the public authorities, the production of analyses on key aspects of competitiveness and by acting as Luxembourg's institutional partner in the world's leading rankings on the subject.
Below, you have the possibility to consult the latest analyses, studies and surveys in which the Economic Department of the Chamber of Commerce has been involved, from near or far:
- IMD World Competitiveness Yearbook (IMD WCY)
- World Economic Forum Global Competitiveness Yearbook (WEF GCY)
- Competitiveness review
The Economic Department also prepares strategic reflection documents which are published in the Chamber of Commerce's economic newsletter "Actualité&Tendances" and can be consulted in our publication section.
- Administration des Douanes et Accises du Grand-Duché de Luxembourg
- Gouvernement du Grand-Duché de Luxembourg
- Ministère de l'Economie
- Direction générale des Classes moyennes
- Société Nationale de Crédit et d'Investissement (SNCI)
- American Chamber of Commerce (AMCHAM)
- British Chamber of Commerce for Luxembourg (BCC)
- Chambre Française de Commerce et d’Industrie au Grand-Duché de Luxembourg (CFCI)
- Portail Médias et Communications
- Office du Ducroire
Economy and finance
- Banque centrale du Luxembourg
- Bourse de Luxembourg
- Observatoire de la compétitivité du Grand-Duché de Luxembourg
- Commission de Surveillance du Secteur Financier (CSSF)
- World Competitiveness Center
- Organisation de coopération et de développement économiques
- Fonds monétaire international
- Organisation Mondiale du Commerce
- Luxembourg for Finance
- Luxembourg for Business
- Business Federation Luxembourg (FEDIL)
- Association of the Luxembourg Fund Industry (ALFI)
- Association des Banques et Banquiers, Luxembourg (ABBL)
- Association des Compagnies d'Assurances (ACA)
- Chambre des Métiers
- Confédération Luxembourgeoise du Commerce
- Fédération Nationale des Hôteliers, Restaurateurs et Cafetiers (HORESCA)
- Union des Entreprises Luxembourgeoises (UEL)
Research, development and innovation
- Portail luxembourgeois de l´innovation et de la recherche
- Fonds National de la Recherche
- Luxembourg Institute of Science and Technology (LIST)
- Luxembourg Institute of Health (LIH)
- Université du Luxembourg
- Luxembourg Cluster Initiative
- Cluster maritime
- Cluster for Logistics