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Economy of Luxembourg

Population: 543 thousand in 2013¹

GDP: $60 billion in 2013²

GDP per capita: $110,697 nominal³ ($90,790 PPP⁴) in 2013

GDP growth rate: 2.0% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	32,251	61.8%
Wholesale, retail trade, restaurants and hotels	7,287	14.0%
Transport, storage and communication	5,782	11.1%
Construction	3,091	5.9%
Manufacturing	2,910	5.6%
Mining and utilities	751	1.4%
Agriculture, hunting, forestry, fishing	154	0.3%
Total value added	52,227	100%

Employment

Unemployment rate: 5.9% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Finance and insurance	30	12.6%
Human health and social work	26	10.9%
Public administration and defence	26	11.0%
Education	20	8.4%
Wholesale trade, retail trade and repair of motor vehicles	20	8.5%
Professional, scientific and technical	19	7.8%
Extraterritorial organizations and bodies	15	6.2%
Construction	14	5.8%
Manufacturing	12	4.9%
Transportation and storage	10	4.2%
Information and communication	9	3.9%
Not elsewhere classified	7	2.8%
Accommodation and food service	7	2.9%
Administrative and support service	6	2.6%
Activities of households as employers	4	1.7%
Other service	4	1.5%
Agriculture, forestry and fishing	4	1.5%
Arts, entertainment and recreation	3	1.1%
Real estate	2	0.8%
Water supply, sewerage and waste management	1	0.4%
Electricity, gas, steam and air conditioning	1	0.6%
Mining and quarrying	0	0.0%
Total employment	239	100%

Corporations

Top 1 Corporation by Revenue 2013* ⁹

Rank	Corporation	Revenue ($ billions) 2013	Profit ($ billions) 2013	Assets ($ billions) 12/31/13	Industry
1	ArcelorMittal	65	-2.1	92	Steel manufacturing

* Corporate data calculated using the exchange rate .872 EUR = 1 USD

Households

Household Wealth: $134 billion (223% of GDP) in 2014¹⁰

Household Wealth per Adult: $340,836 in 2014¹⁰

Gini Coefficient: .26 in 2006¹¹

Government

Central Government

Central Government Revenue: $24 billion (40% of GDP) in 2013¹²

Central Government Expenditure: $25 billion (42% of GDP) in 2013¹²

Central Government Budget Balance: -$1 billion (-2% of GDP) in 2013¹²

Central Government Public Debt: $11 billion (19% of GDP) in Q3 2014* ¹³

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate .872 EUR = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* ¹⁴

0%: $0-$12,918
8%: $12,918-$15,106
10%: $15,106-$17,294
12%: $17,294-$19,482
14%: $19,482-$21,670
16%: $21,670-$23,858
18%: $23,858-$26,047
20%: $26,047-$28,235
22%: $29,235-$30,423
24%: $30,423-$32,611
26%: $32,611-$34,799
28%: $34,799-$36,987
30%: $36,987-$39,175
32%: $39,175-$41,363
34%: $41,363-$43,551
36%: $43,551-$45,739
38%: $45,739-$47,927
39%: $47,927+

Corporate Tax Rate: 29% in 2014¹⁵

* Individual thresholds calculated using the exchange rate .872 EUR = 1 USD

Monetary Policy

Monetary Supply (Euro area, M1): $6.66 trillion in Nov 2014* ¹⁶

Benchmark Interest Rate (Euro area): 0.05% in Sept 2014¹⁷

Total Reserves: $963 million (2% of GDP) in 2013¹⁸

Exchange Rate: .872 Euro = 1 U.S. Dollar on Feb 4, 2015¹⁹

Inflation: 1.7% in 2013²⁰

* Money supply calculated using the exchange rate .872 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²¹

N/A (data not available at Relbanks.com)

International Accounts

Exports: $16 billion (27% of GDP) in 2013²²

Imports: $23 billion (38% of GDP) in 2013²²

Trade Balance: -$7 billion (-11% of GDP) in 2013²²

Foreign Direct Investment Inflow: $24 billion (40% of GDP) in 2013²³

Foreign Direct Investment Outflow: $21 billion (35% of GDP) in 2013²³

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $429 million (0.7% of GDP)²⁴

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: World Bank Indicators (GDP) Go back}
^{3. Source: World Bank Indicators (GDP per capita) Go back}
^{4. Source: World Bank Indicators (GDP per capita PPP) Go back}
^{5. Source: World Bank Indicators (GDP growth rate) Go back}
^{6. Source: United Nations Statistics Division (GDP by industry) Go back}
^{7. Source: World Bank Indicators (Unemployment rate) Go back}
^{8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back}
^{9. Source: Annual reports (Corporate data) Go back}
^{10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back}
^{11. Source: CIA World Factbook (Gini coefficient) Go back}
^{12. Source: CIA World Factbook (Government budget) Go back}
^{13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back}
^{14. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back}
^{15. Source: Tax Foundation (Corporate tax rate) Go back}
^{16. Source: ECB Monetary developments (Money supply) Go back}
^{17. Source: ECB Key interest rates (Benchmark interest rate) Go back}
^{18. Source: World Bank Indicators (Total reserves) Go back}
^{19. Source: Yahoo Finance (Exchange rate) Go back}
^{20. Source: World Bank Indicators (Inflation rate) Go back}
^{21. Source: Relbanks.com (Financial institutions by assets) Go back}
^{22. Source: CIA World Factbook (Trade data) Go back}
^{23. Source: OECD FDI in Figures (FDI data) Go back}
^{24. Source: OECD Aid data, DAC Flows (Aid data) Go back}