Luxembourg

Region: Europe and North America
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

High Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 596 thousand (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: 1.5% (2017)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $105,713 (2017)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

Luxembourg Reports

Name
Report information
pdf
  • Year of publication: 2023
  • Category: National Reports
  • Language: English
  • Upload date: 2023-07-27

  • GEM Luxembourg 2022/2023 describes entrepreneurship in Luxembourg over the last ten years. What’s more, it offers a view of how the pandemic years have affected entrepreneurship in the country, showing that entrepreneurial activities in the country have declined since 2019, both in absolute terms and compared to other European countries. There are, however, positive signals of recovery stemming from entrepreneurial intentions and entrepreneurs’ evaluation of the Luxembourg’s ecosystem.
  • URL: https://www2.gemconsortium.org/report/51191
Global Entrepreneurship Monitor Luxembourg 2022/2023
Report information
pdf
  • Year of publication: 2021
  • Category: National Reports
  • Language: English
  • Upload date: 2021-06-17

  • Entrepreneurship in Luxembourg has suffered the consequences of the COVID-19 pandemic. Entrepreneurial activities are in decline in Luxembourg in 2020, and some of the measurement indicators are at their lowest since 2013, year in which Luxembourg joined the GEM project. Despite the overall negative impact of the pandemic, some entrepreneurs report that the COVID-19 crisis has provided them with new business opportunities to pursue.
  • URL: https://www2.gemconsortium.org/report/50701
Global Entrepreneurship Monitor Luxembourg 2019/2020 -Flash Report-
Report information
pdf
  • Year of publication: 2021
  • Category: National Reports
  • Language: English
  • Upload date: 2021-06-25

  • ENTREPRENEURSHIP ACTIVITY HAS SLOWED DOWN IN 2020. THE CREATION OF NEWS COMPANIES INCREASED OVER THE LAST MONTHS. Entrepreneurial activities have slowed down in Europe during 2020. Luxembourg suffered a decrease comparable to other European countries. However, recent data from the Luxembourg Business Register indicate there are reasons for optimism given a rebound in new business formation of 20% during the first five months of 2021.
  • URL: https://www2.gemconsortium.org/report/50710
Global Entrepreneurship Monitor Luxembourg 2020/2021
Report information
pdf
Global Entrepreneurship Monitor Luxembourg 2018/2019
Report information
pdf
Global Entrepreneurship Monitor Luxembourg 2017/2018
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