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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This country note from Going for Growth 2017 for Luxembourg identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
This book provides a comprehensive assessment of the innovation policy of Luxembourg. It is the second such OECD review of Luxembourg's innovation system, following an earlier review published in 2007. Since that time, the system has undergone profound change, notably a rapid expansion in the scale and scope of public sector research, which offers new opportunities for Luxembourg, but also new challenges for innovation policy. The review focuses on the role of government and includes concrete recommendations on how to improve policies that affect innovation and R&D performance.
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.
It’s a pleasure for me to be able to open an Economic Survey speech with a truly positive message. I’ve launched many surveys throughout the OECD in difficult times. There haven’t been many other occasions over the last years where I could stand up and say: things are looking good!
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.
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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.
Luxembourg is a rich and fast-growing country. However, inequality of disposable incomes has trended up modestly over the past decades and relative poverty has risen reflecting mainly the rapid growth of high incomes.