Luxembourg is the leading centre in Europe for investment funds (in second place worldwide, after the USA), the leading centre for private banking in the Eurozone, and the domicile of choice for reinsurance companies.
- Luxembourg is today a diversified financial center that offers sophisticated products and services to customers worldwide.
Great political, economic and social stability, openness to the world, its modern legal and regulatory environment and the availability of a skilled global workforce have attracted financial institutions and investors worldwide.
It is thus hardly surprising that the financial sector plays a key role in the Luxembourg economy. It directly contributes to about a quarter of the country's gross domestic product and directly employs some 44.000 people.
The main rating agencies' credit rating for Luxembourg stands at AAA.
(Source: Luxembourg for Finance)