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Portrait of the Grand-Duchy of Luxembourg

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Portrait of the Grand-Duchy of Luxembourg

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    1. Portrait of the Grand-Duchy of Luxembourg

    2. A European Union country…

    3. Located at the very heart of Europe…

    4. Close to the main European business centres… Broad international communication network

    5. Second smallest EU member state Surface area: 2.586 km2 Green heart of Europe: 49% agricultural 34% wooded Population: 0,46 Mio (01-2006) Density per km2 : 178 Growth rate: 1,23% per year 173 different nationalities Capital and largest city: Luxembourg 76.400 Life expectancy: average 79 (male 76; female 82) Religion: roman catholic (87%); protestants/jews/muslims (13%) Education: years compulsory 11; attendance 100% Literacy rate: 100% GDP: 29,3 Bn EUR (2005)

    6. A very welcoming country Highest proportion of foreigners of any EU country Total population : 459.500 (01/06) More than 170 different nationalities Luxembourg nationals and Foreigners living in perfect harmony Well-known open-mindedness Long-standing cosmopolitan tradition

    7. GDP per capita

    8. GDP per sector Services : 86 % Industry : 13 % Agriculture : 1 %

    9. Working population March 2006 Total: 318,564 persons 86,012 foreigners living in Luxembourg (27%) 109,528 Luxembourg nationals ( 34%) 123,024 foreigners crossing the border everyday (39%) chronic lack of appropriate / specialised workforce development of the economy thanks to the foreigners (61%) (immigrants and cross-border)

    10. Working population per sector Services: 72.35% (including Financial Sector = 11.21%) Industry: 21.12% Agriculture: 1.29% Public Administration: 5.24 %

    11. Financial Centre The heart of the Luxembourg economy The world's 8th largest financial centre The world’s 2nd investment fund industry in terms of assets under management Attractive for private as well as for institutional and corporate investors Sharp increase in business volume, profits and employment (2005)

    12. Financial Centre

    13. Total number

    14. Geographic origin

    15. Development of banks balance sheet totals

    16. Aggregated balance sheet totals

    17. Movements in profit and loss accounts (in Million EUR)

    18. 5 leading activities Scale and importance financial-management activities 35 % of the banks’ net result 40 % of total labour commercial banking operations 5% of net result 20% of total labour operations linked to investment funds 20% of net result 25% of total labour lending operations 20% of net result 5% of total labour institutional operations 20% of net result 10% of total labour

    19. World Investment fund market USA and Europe dominating (UCITS)

    20. European Investment Fund Market EUR 6,566 trillion of net assets (UCITS and non-UCITS)

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