Includes historical data for Luxembourg’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
A Hub Of Transnational Investment Management
The Grand Duchy of Luxembourg, a small landlocked country in northwestern Europe bordered by Belgium, France, and Germany, consistently ranks near or at the top of the world’s wealthiest nations in terms of Gross Domestic Product (GDP) per capita. Once dependent on steel manufacturing, this country of less than 700,000 has transformed itself into Europe’s most notable investment management center over recent decades.
Tourism, logistics and information technology contribute to Luxembourg’s GDP. Steel production, although its importance has decreased compared to the past, remains a significant employer. The country’s weaknesses include an aging population and a rigid labor market. Furthermore, the economy’s heavy reliance on the financial sector exposes it to risks associated with global fluctuations, particularly those in the eurozone.
Macroeconomy & Sovereign Data
| Type of Government | Constitutional monarchy |
|---|---|
| Capital | Luxembourg |
| Sovereign Ratings |
S&P: AAA Moody’s: Aaa Fitch: AAA |
| Total Population | 670,000 |
| Median Age | 39.6 |
| Adult Per Capita Income (PPP) | 90,542.06 |
| Total GDP (2023) | 88.6 billion |
Luxembourg GDP & Economic Overview
Most Recent Content
Luxembourg
Banking & Finance
Trade & Investment
| Total Exports | USD 31.6 billion (2023) |
|---|---|
| Leading Exports |
Iron Products Cars And Vehicle Parts Tires Gas Turbines Adhesive Plastics |
| Total Imports | USD 22.9 billion (2022) |
| Leading Imports |
Cars Refined Petroleum Broadcasting Equipment Scrap Iron Aircraft |
| Source: | World Integrated Trade Solution |
Luxembourg Leading Companies
| ArcelorMittal | Materials, Metals & Mining |
|---|---|
| Banque et Caisse d'Epargne de l'Etat | Financials |
| Banque Internationale à Luxembourg | Financials |
| Banque Générale du Luxembourg | Financials |
| RTL Group | Media & Entertainment |
| Millicom | Telecommunication Services |
| Luxair | Airlines |
Major Trade Partners — Import
| Germany | 24% |
|---|---|
| Belgium | 24% |
| France | 12% |
| Unspecified | 6% |
| Netherlands | 4% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| Germany | 25% |
|---|---|
| France | 16% |
| Belgium | 13% |
| Netherlands | 6% |
| Italy | 4% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000