Luxembourg’s large foreign-born population is a pillar of the country’s prosperity: they have brought skills and knowledge to many sectors of the economy.
Luxembourg’s workforce is highly skilled, reflecting the concentration in the country of sophisticated firms in the financial sector and other top-end international services.
Biographical note of Luxembourg Permanent Representative to the OECD.
Strong economic performance, comfortable fiscal situation and well-run institutions make life good for most residents of Luxembourg.
Luxembourg is an advanced economy with the highest per capita income in the OECD, reflecting the dynamic services sector, notably in banking and other financial services.
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Albeit with a considerable lag, unemployment has been following the same declining path in Luxembourg as in the rest of the OECD since mid-2015. Nevertheless, at 5.9% in April, it is still 1.7 percentage points higher than its pre-crisis level in 2007, and is projected to decline by very little through to the end of 2018
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
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 had the 17th highest tax wedge among the 35 OECD member countries in 2016. The country occupied the same position in 2015. The average single worker in Luxembourg faced a tax wedge of 38.4% in 2016 compared with the OECD average of 36.0%.
These country specific notes provide figures and commentary from the Taxation and Skills publication that examines how tax policy can encourage skills development in OECD countries.