Macroeconomic Outlook Report: Luxembourg

Macroeconomic Outlook Report: Luxembourg Summary Financial intermediation, real estate, and business activities contributed 47.1% to the gross value added (GVA) in 2023, followed by transport, storage and communication (11.6%) and wholesale, retail, and hotel activities (10.1%). In nominal terms, the three sectors are expected to grow by 5.1%, 5.6%, and 5.5%, respectively, in 2024. According to the Central Bank of Luxembourg, Luxembourg’s direct investment position was at $994.9 billion in Q4 2023, compared to the investment of $969.2 billion in Q4 2022. The country had portfolio disinvestment of $1.3 trillion in Q4 2023, compared to the portfolio disinvestment of $1.2 trillion in Q4 2022. Key Highlights - The LUXXX index exhibited a volatile trend over past year. As of May 1, 2024, the index stood at 1,378.8, compared to 1,550.5 on May 01, 2023. Scope - Luxembourg to spend about $352 million on rail expansion. The extension of Luxembourg City's central railway station includes the construction of four tracks and two additional rail platforms. The project is expected to complete by 2030. 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.