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Luxembourg

The population of Luxembourg is around half a million, a high number of whom are foreign citizens with a mother tongue other than one of Luxembourg’s three official languages. This multilingualism is one of Luxembourg’s strengths, but also poses special challenges for the educational system. The Luxembourgish labour market is characterised by a high proportion of cross-border workers, living in neighbouring countries (France, Germany and Belgium) and working in Luxembourg. The steel industry was historically an important part of the economy, but this has gradually been replaced by the banking and finance sectors.

Employment growth stalled after the 2008 financial crisis, but began to rise again in 2011 and is expected to continue to do so over the period to 2025. Most employment growth is projected to be in business and other services, and most job opportunities will be for professionals.

Over this period, Luxembourg is expected to experience a significant increase in demand for high-skilled workers and a lesser increase in demand for medium-skilled workers, whilst demand for low-skilled workers is set to decrease. Meanwhile, the share of Luxembourg’s labour force with high level qualifications is expected to rise, with the share of workers with medium, low or no qualifications decreasing in the same period.

Luxembourg’s working-age population (15-64) is projected to grow in the period to 2025, with labour market participation remaining at the same level. Looking to the future, Luxembourg is expected to have a significantly lower old-age dependency ratio than the projected EU28 average.  

Future employment growth (in %) in Luxembourg in 2015-2025 across sectors

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Key facts

SIZE OF EMPLOYMENT

Source:Eurostat
Indicator:Employment rate

The employment rate indicates the percentage of people in employment over the population aged 20-64.

 

In 2015 the employment rate in Luxembourg was 70.94% compared to 70.00% in EU

RECENT HISTORY

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

During the period 2011-2015 the size of employment in EU changed by 2.07% compared to 14.55% in Luxembourg .

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Sectors with the largest share in employment in Luxembourg in 2015 

  • Public administration & defence 10.52%
  • Human health & social work activities 10.28%
  • Financial & insurance activities 10.19% 
  • Arts, recreation, and other activities 9.67%
  • Wholesale & retail trade 8.09% 

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Occupations with the largest share in employment in Luxembourg in 2015:  

  • Business & administration professionals 13.47%
  • Business & administration assoc. prof. 11.80%
  • Legal, social & cultural professionals 7.36% 
  • Teaching professionals 6.34%
  • Cleaners and helpers 5.20%

TOP PERFORMERS

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Sectors expected to have the strongest employment change over the period 2015-2025 in Luxembourg:

  • Real estate, professional & related activities 46.51%
  • Transport & storage 35.08%
  • Administrative & support activities 26.06% 
  • Construction 25.72% 
  • Information & communication activities 15.00% 

LOOKING INTO THE FUTURE

Source:Cedefop
Indicator:Future employment needs

The additional number of people who will be required to work in an occupation given projected changes in employment and replacement demands. 

Occupations expected to have the largest numbers of job openings in Luxembourg over the period 2015-2025:

  • Business & administration professionals 26,563
  • Business & administration assoc. prof. 26,092
  • Legal, social & cultural professionals 15,254
  • General & keyboard clerks 11,237
  • Science & engineering professionals 8,796

Featured indicator

Related indicators

Employment share of occupations (%) in Luxembourg (2011-2015 comparison)

Source:Eurostat
Indicator:Employed population

Shows the total number of employed people of any age.

 

Education profile (%) of the working age population in Luxembourg (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Age profile (%) of the working age population in Luxembourg (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Future employment growth (% change) across occupations in Luxembourg compared to EU in 2015-2025

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

FIND EMPLOYMENT OPPORTUNITIES THROUGHOUT EUROPE