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 (as of 1 January 2023): 660,809, including 332,444 men and 328,365 women. Average age: 40.5 years for women, 39.1 for men
• Foreigners (as of 1 January 2023): 313,407, i.e. 47.4% of population, of whom most are Portuguese, followed by French and Italian nationals
• Surface area: 2,586 km2
• Capital city: Luxembourg (population as of 31 December 2022: 132,778)
• Minimum gross monthly salary (40 hours / week; as of 1 September 2023): €2,570.93 / month for unskilled adult workers; €3,085.11 / month for skilled adult workers 
• Unemployment rate (as of 30 September 2023): 5.5%

Government

• Constitutional monarchy since 1815
• Current monarchs: Grand Duke Henri and Grand Duchess Marie Teresa (since 2000)
• Prime Minister: Xavier Bettel (DP) since December 2013; new prime minister and government TBC (following legislative elections of 8 October 2023)
• Coalition government: Democratic Party (DP), Luxembourg Socialist Workers' Party (LSAP) and Greens (déi Gréng) since 2013. New government TBC
• Single chamber parliament (Chamber of Deputies); 60 MPs elected for five years
• Founding member of: Benelux (1944); United Nations (1945); NATO (1949); European Union (1957); OECD (1961)

Economy & Taxes

• Luxembourg is a hub within the Greater Region, which has a population of about 11.6 million (2020 estimate), spread over an area of 65,401 km2 (Saarland and Rhineland-Palatinate in Germany, Lorraine in France, Wallonia and the German-speaking region of Belgium, and Luxembourg). Multimodal logistics freight hub for air, rail, fluvial, lorries
• Largest investment fund centre in Europe and second in world after US (more than €5.6 trillion in net assets under management)
• One of three institutional seats of EU (Luxembourg City, Brussels and Strasbourg); about 14,000 people work for the European institutions in Luxembourg
• Luxembourg State is the largest employer with almost 33,000 staff on its books in 2022
• Ten largest employers (excluding the State) as of 1 January 2023: CFL Group - rail transport (4,790); Amazon.com - head office activities (4,570); POST Luxembourg Group (4,500) - telecommunications; Dussmann Luxembourg Group - cleaning services (4,460); Cactus Group - retail (4,290); BGL BNP Paribas - banking (3,970); ArcelorMittal Group - steel industry (3,540); Goodyear Dunlop Tires Operations SA - manufacturing (3,540); PricewaterhouseCoopers (PwC) Group - tax, auditing, consulting (3,310); Luxair SA - air passenger transport (2,970)
• Economic sectors: finance, media, steel, tyres, consulting
• Standard VAT rate: 17% (below OECD average)

Lifestyle

• Official languages: Luxembourgish, French and German; national language: Luxembourgish
• Schools: European (European Baccalaureate), British (St George’s - offers GCSE / A-levels), International (ISL - International Baccalaureate), French, in addition to public national (and international) schools, some of which also offer GCSE / A-level curriculum and the International Baccalaureate
• Higher education: University of Luxembourg; LUNEX; Miami University John E Dolibois European Center (MUDEC)
• Multinational lifestyle of high standard for majority; low crime rate
• Good 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.