1887

OECD Economic Surveys: Luxembourg 2017

image of OECD Economic Surveys: Luxembourg 2017

Luxembourg’s economic performance is robust thanks to its dynamic services sector, sound fiscal policies and openness to global talent. The pace of job creation is strong and benefits not only residents but also cross-border workers and immigrants. The large financial sector is well supervised, but to reduce reliance on the financial industry the government should further develop its long-term strategy focusing on new digital technologies and renewable energy.

Supplying the skills needed in these new sectors will require further improvements in the education system, with a focus on lifelong learning. Better alignment of skills with labour market needs would entail reorienting labour market policies from supporting job creating towards funding training programmes to facilitate the reallocation of labour. Luxembourg benefits from immigrants who play a successful role in the economy. Integration challenges remain, though, especially regarding people from non-EU countries, who suffer from high unemployment. As language proficiency is a key precondition for successful integration, public supply of language courses should be stepped up further. Education reforms seek to make schools more equitable, also for the children of immigrants, and equality between men and women is being promoted by easing access to childcare and making taxation more gender neutral.

SPECIAL FEATURES: BOOSTING SKILLS; IMPROVING THE INTEGRATION OF IMMIGRANTS

English French

.

Basic statistics of Luxembourg, 2016

(Numbers in parentheses refer to the OECD average)

This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Luxembourg were reviewed by the Committee on 2 May 2017. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 17 May 2017. The Secretariat’s draft report was prepared for the Committee by Jan Stráský and Álvaro Pina under the supervision of Pierre Beynet. Research assistance was provided by Corinne Chanteloup and editorial assistance was provided by Claude-Annie Manga-Collard.The previous Survey of Luxembourg was issued in March 2015.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error