News & Benchmarks

09.03.2017

Economy: the Grand Duchy is doing well

In the field of the economy, finance and employment, the Grand Duchy is in a position well above the average for the countries of the European Union. Growth in employment remains firm compared with the European average, with an unemployment rate of 6.1%. Public finance is also on the whole healthy.

Finance - a flagship

The investment fund sector remains the largest in Europe and the second largest in the world, after the USA. Growth is likely to be carried above all by the financial sector, which remains the main driving force in the national economy. The investment fund sector in particular has boomed. The fund sector remains the largest in Europe in terms of value of investment fund assets, and the second largest in the world, after the USA.

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EU report: An analysis of the situation in Luxembourg