Economic activity has gained strong momentum in recent years approaching the growth rates of the period before the crisis. GDP is expected to increase by 4.7 % in 2015 after 4.1 % in 2014. According to the Commission 2016 winter forecast, economic activity is projected to continue expanding in 2016 and in 2017 at a rate around 4 %. Growth is expected to be driven mainly by the contribution of net exports and especially financial services.
Read a complete analysis of Luxembourg's economy in the country report 2016 [2 MB]
2015 recommendations in brief
The Commission has made three country-specific recommendations to Luxembourg to help it improve its economic performance. These are in the areas of: taxation; pensions; wage-setting.