Subdued growth to rebound in 2025
AA1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2025.
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Form of state | Constitutional Monarchy |
Head of government | Luc Frieden (PM) |
Next elections | 2028, general |
Strengths & Weaknesses

- Dynamic economy; competitive, digital and innovative
- Resilient and attractive labor market
- Economic and political stability

- Economy little diversified (mostly focused on financial services)
- Strongly dependent on the Eurozone economic cycle
- Education system to be improved to better anticipate the skills that are needed
Economic Overview
Trade Structure by destination/origin
(% of total, 2023)
Trade Structure by product
(% of total, annual 2023)
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