Luxembourg’s economy is robust and diversified. There is expertise in steel, polymers, composite materials, car-component manufacturing, logistics, digital services, satellite development and media production.
The economy of Luxembourg grew by 3.9% year-on-year in 2018.
Source: STATEC
Investor protection
The country draws on its political, economic and regulatory stability to foster a strong culture of investor protection. Financial services in Luxembourg benefit greatly from this stability.
Luxembourg ranks 2nd out of 128 countries in terms of political stability and safety.
Source: Cornell, INSEAD & OMPI Global innovation Index, 2016.
Stable labour markets
Luxembourg also offers investors a stable labour environment that promotes open dialogue with business and union representatives. It has one of the lowest number of working days lost through industrial action in Europe.
- Government deficit is at 1.6% of GDP, well below the EU’s 3% threshold.
- GDP Annual Growth Rate in Luxembourg averaged 3.6% from 1996 until 2018.
- Employment has grown by 50% over the past 20 years, while the EU average is 20%, (EUROSTAT)