Luxembourg PESTLE Insights - A Macroeconomic Outlook Report

Luxembourg PESTLE Insights - A Macroeconomic Outlook Report

Summary

According to GlobalData, financial intermediation contributed 47% towards GVA, followed by wholesale, retail trade and hotels with a share of 11.5% towards GVA and transport, storage and communication (10.7%) in 2022. These three sectors are forecast to grow by 4.3%, 4.5%, and 3.9%, respectively, in 2023.

According to the World Intellectual Property Organization, Global Innovation Index (2022), Luxembourg’s ranked 24th out of 125 nations in the parameter of logistics performance in 2022.

The overall Luxembourg stock index exhibited a decreasing trend over last year. As of February 14, 2023, the LUXX index stood at 1,599.3, compared to 1,743.1 on February 14, 2022.

Scope

• As of November 2022, Luxembourg government is funding 29 infrastructure projects with more than EUR4.5 million ($4.7 million). The Government of Luxembourg is also helping to build 672 new electric vehicle charging stations, 44 of which are fast chargers.

• 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.