Summary
Canton Luxembourg and Canton Esch generate more than 50% of the GDP; comprise 59.6% of Luxembourg's population. Luxembourgian government ensures various support measures for newly created business enterprises. It takes 16.5 days with five procedures to start a business in Luxembourg.
Synopsis
Macroeconomic Outlook Report of Luxembourg identifies the potentials of Luxembourg as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure
Scope
- Luxembourg's performance in the MarketLine Country Risk Index 2017, exhibits its potential as a key investment destination for new business as well as expansion of existing business. The country's score was better macroeconomic parameter, political environment, and demographic and social structure effectiveness as compared to the developed European nation's average in MLCRI 2017.
- Luxembourg plans to diversify its economic activities. At present the financial sector is the major driver of the economy contributing around 35% to the GDP of the nation. The country intends to emphasize more on developing the ICT, bio technology, the space industry, and the logistic sectors.
- Luxembourg has the most liberal welfare system in Europe, with per capita social expenditure, even adjusted for the huge number of cross-border workers, ranking the highest among European Union countries.
- Luxembourg has the most liberal welfare system in Europe, with per capita social expenditure, even adjusted for the huge number of cross-border workers, ranking the highest among European Union countries.
Reasons to buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
