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Luxembourg Business Report

General information
Source: The World Factbook - Central Intelligence Agency
605,764 (July 2018 est.)
$62.11 billion (2017 est.)

The financial sector accounts for more than 35% of GDP (mostly investment funds); economy dominated by foreign multinationals.

GDP growth rate
2.3% (2017 est.)

Lower than in the previous years but still healthy

GDP (PPP) per capita
$105,100 (2017 est.)

Fifth-wealthiest country in the world

Local currency
Euro (EUR)

One of the world's major currencies

Financial stability (Public debt)
23% of GDP (2017 est.)

Strong financial stability due to low public debt and budget surplus

2.1% (2017 est.)

Healthy rate of inflation

Luxembourgish (official), French (official), German (official)

English widely spoken (9/100)

Corruption perception index (Source: Transparency International)

Very low level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
Lowest VAT rate in the EU. Other rates apply to certain goods, for example: 14%: certain wines, advertising pamphlets; 8%: supply of gas or electricity 3%: food (alcohol), pharmaceutical products, books (including e-books)
Corporate Tax
The figure is the effective combined CIT rate for Luxembourg City. CIT: 15% Solidarity surtax: 7% Municipal business tax: 6.75% (Luxembourg City) Companies are also subject to net wealth tax (0.5% with various reductions)
European Union customs duties/import tariffs apply

Whether you are looking for a European importer or you are just interested in Europe business, Globartis is the right platform for you!

We have a strong position in Europe B2B and Europe trade, especially European Union trade.

If you are interested in doing business in Luxembourg, or in finding Luxembourgish manufacturing companies, we can help you.

Hundreds of companies in Luxembourg and Luxembourgish SMEs use Globartis for their operations.

Join our network today and find the right partner for your Luxembourg business. Connect with a Luxembourgish manufacturer or Luxembourg importer, or source among Luxembourg export to find the right product.

Join now and grow your business in Luxembourg.