The tax burden on labour income is expressed by the tax wedge, which is a measure of the net tax burden on labour income borne by the employee and the employer.
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Luxembourg has the 17th highest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in Luxembourg faced a tax wedge of 38.3% in 2015 compared with the OECD average of 35.9%.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
For each of the 34 OECD member countries, the country profiles provide snapshots of key policy areas. Interactive graphs show indicators on air quality, biodiversity, climate change, energy-forest-water resources, waste generation, water quality and environmentally related taxes.
In 2014, Luxembourg provided USD 427 million in net ODA (preliminary data), which represented 1.07% of gross national income (GNI) and a decrease of 1.1% in real terms from 2013.
Developing activities in areas other than finance would help to sustain growth and deal with the declining potential output and trend productivity growth that Luxembourg’s economy is facing.
Over the last two and a half decades, Luxembourg’s financial sector emerged as a leading international hub for asset management and investment funds and became a key contributor to growth.
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The Luxembourgian labour market “paradox” saw unemployment continuously rising in a job-creating country between 2010 and 2014, and only recently starting its recovery from the crisis
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
A dashboard of key government indicators by country, to help you analyse international comparisons of public sector performance.