Strengthening the research infrastructure and the education system, competition-friendly regulation in the services sector and raising female labour force participation are important for new innovative industries, skills and more economic diversification.
Luxembourg weathered the global economic crisis well, but must take additional steps to foster the diversification of the economy while ensuring the continuing health of its financial sector, according to the latest OECD Economic Survey of Luxembourg.
This publication contains statistics on fisheries in OECD member countries (with the exception of Austria, Israel and Slovenia) and some non-member economies (Argentina, Colombia, Latvia, Chinese Taipei, Thailand) from 2006 to 2013. Data provided concern fishing fleet capacity, employment in fisheries, fish landings, aquaculture production, recreational fisheries, government financial transfers, and imports and exports of fish.
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This country note from Going for Growth 2015 for Luxembourg identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
The population of Luxembourg at the end of 2012 comprised 537 000 inhabitants, a 2.3% increase compared with the previous year.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".
Getting regions and cities 'right', adapting policies to the specificities of where people live and work, is vital to improving citizens’ well-being. View the country factsheets from the publication OECD Regional Outlook 2014.
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Luxembourg devotes the highest level of public resources to education among OECD countries in terms of spending per student.
This review analyses the energy policy challenges facing Luxembourg and provides recommendations for each sector. It is intended to help guide the country towards a more secure and sustainable energy future and the development of its 2030 energy strategy.
It finds that since 2008, Luxembourg’s energy policy has focused on mitigating CO2 emissions in transport and industry and on supporting renewable energies and energy efficiency towards 2020. Luxembourg’s greenhouse gas emissions have stabilised as energy-intensive industries have scaled back their activities and the government put strong energy efficiency policies in place, notably for buildings.
Since 2009, the country’s research and development (R&D) policies have promoted eco-innovation and clean energy technologies. In 2012, government spending on energy R&D as a ratio of gross domestic product was the highest among IEA members. Luxembourg is creating a national platform for smart meters and electric vehicles, the first of its kind country-wide roll out.
Nonetheless, Luxembourg faces several energy challenges. Oil consumption in transport is rising because of growing road fuel sales, largely the result of tax differences to neighbouring countries. This increases Luxembourg’s emissions and its oil stockholding needs. Because the country imports all of its energy needs, energy security is a priority. Luxembourg has sought to address this through greater regional integration such as merging its gas market with Belgium and increasing its electricity interconnection with France and Belgium. Yet the benefits of regional integration of wholesale energy markets have not yet translated to retail markets. Moreover, as regional electricity trade grows and neighbouring countries introduce ambitious decarbonisation policies and capacity markets, Luxembourg will need to define its priorities for an energy strategy through 2030.
The average worker in Luxembourg faced a tax burden on labour income (tax wedge) of 37.0% in 2013 compared with the OECD average of 35.9%. Luxembourg was ranked 19 of the 34 OECD member countries in this respect.