About Luxembourg

THE GRAND DUCHY OF LUXEMBOURG ON ONE PAGE!

One of the world's best kept secrets (like the local Diekirch and Bofferding beers)!

Statistics:

  • Population: 634,730 as of 1 January 2021, up from 626,108 as of 1 January 2020. Average age: 40.4 for women, 38.9 for men
  • Foreigners: 47.2% of population, of whom most are French, followed by Portuguese and Italian nationals
  • Surface area: 2,586 km2  (approximate size of Derbyshire, UK or Rhode Island, USA)
  • Capital city: Luxembourg (Population as of 31 December 2020: 124,528)
  • Minimum gross monthly salary (40 hours / week): €2,256.95 per month for unskilled adult workers; €2,708.35 per month for skilled adult workers (as of 1 October 2021) 
  • Unemployment rate: 5.4% (October 2021)

Government:

  • Constitutional monarchy since 1815
  • Current monarchs: Grand Duke Henri and Grand Duchess Marie Thèrese (since 2000)
  • Prime Minister: Xavier Bettel (DP) since December 2013
  • Coalition government of Liberal (DP), Socialist (LSAP) and Green (déi Gréng) parties. Next national elections: October 2023.
  • Single chamber parliament elected for 5 years in 2018. 60 MPs
  • Founding member of EU, 1957

Economy and Taxes:

  • Luxembourg is a hub within the Greater Region, with a population of 11.6 million people (2020 estimate), spread over an area of 65,401 km2 (Saarland and Rhineland-Palatinate in Germany, Lorraine in France, Wallonia and the German-speaking Community in Belgium, the Grand Duchy of Luxembourg). Multimodal logistics freight hub for air, rail, fluvial, lorries
  • 25% of GNI is financial services – banking, fund management, insurance, etc.
  • Banking secrecy: for residents only. Automatic information exchange within EU for non-residents' bank data. Home to 147 banks
  • EU is largest employer after the State – circa 15,000, provides solid economic base. The Luxembourg State is the largest employer with over 31,000 staff on its books (2020 figures)
  • Largest private sector & semi-state employers as of 1 January 2021: 1. Groupe POST Luxembourg (4,620) - telecommunications; 2. Groupe CFL (4,580) - rail transport; 3. Groupe Cactus (4,460) - retail; 4. Groupe Dussmann Luxembourg (4,390) - cleaning services; 5. BGL BNP Paribas (4,050) - finance; 6. Groupe ArcelorMittal (3,660) - steel industry; 7. Goodyear Dunlop Tires Operations SA (3,570) - manufacturing; 8. Amazon.com (3,280) - head office activities; 9. Groupe PricewaterhouseCoopers (2,980) - tax, audit, consulting; 10. Luxair SA (2,840) - air passenger transport
  • Economic sectors: media, steel, tyres, consulting
  • Standard VAT rate: 17% (below OECD average), cheaper fuel, alcohol, cigarettes, no TV licence, no wealth tax, no inheritance tax (direct heirs), average income, corporation taxes.

Lifestyle:

  • Official languages:  Luxembourgish, French and German
  • Schools: EU (European Baccalaureate), British (St George’s - offer GCSE / A-levels), International (ISL - International Baccalaureate), French, in addition to good national schools, some of which also offer GCSE / A-level curriculum (Lycée Lucius) and the International Baccalaureate (Athenée)
  • Multinational and easy lifestyle of high standard for majority. Low crime rate
  • Excellent but expensive housing, restaurants, wines, vibrant nightlife, walking, cycling
  • Transportation: free public transport within Luxembourg; two hours from Paris (TGV), Brussels, Strasbourg, Cologne. Important Ryanair hubs at Frankfurt Hahn (Germany) and Brussels Charleroi (Belgium)
  • Luxembourg Old City Fortress, a UNESCO World Heritage Site since 1994
  • World class Philhamonie concert hall, theatres, cinemas, good healthcare. Pompidou Centre and opera in Metz (France). 

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