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.
GDP grew 2.3% in 2019 and a 6% expansion is foreseen for 2021
STATEC (2021)
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 3rd out of 131 countries in terms of political stability
Cornell University, INSEAD & WIPO (2020)
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 surplus is at 2.4% of GDP, well below the EU’s 3% deficit threshold.
- GDP Annual Growth Rate in Luxembourg averaged 3.2% from 1995 to 2020.
- Employment has grown by 3.0% per year over the past 2 decades.