Discovering Luxembourg

Economy Luxembourg's stable and high-income market economy features moderate growth, low inflation, a high level of innovation, and relatively low unemployment. According to the IMF, Luxembourg was the second richest country in the world in 2011. The industrial sector, which was dominated by steel until the 1960’s, has since diversified to include chemicals, rubber, and a financial sector. Banking and finance account for the majority of economic output. The favorable corporate tax climate has attracted several, large tech companies to continue increased growth in Luxembourg.

Public Holidays Holiday

Date

New Year’s Day

1 January

Good Friday

Friday before Easter Monday following Easter 40 days after Easter 7th Monday after Easter

Easter Monday

Ascension

Whit Monday Labour Day Europe Day

1 May 9 May

Luxembourg National Holiday

23 June (unless the 23rd is a Sunday, then its moved to the 24th)

Assumption

15 August

All-Saint’s Day Christmas Eve Christmas Day

1 November 24 December

25 December St. Stephen’s Day/Boxing Day 26 December

Time Zone Local Time Zone Luxembourg coincides with the Central European Time Zone (GMT +1). Luxembourg observes Daylight Savings Time. Telling Time Luxembourg generally uses the 24-hour clock to tell time rather than the 12-hour clock. Weather Luxembourg has a mild, humid, temperate climate with no dry season. Waterproof outerwear is advisable at all times of the year, as there is no discernible wet or dry season. The warm season has an average daily high temperature above 19°C (66 F). The cold season has an average daily high temperature below 7°C (44 F); snow is not uncommon. + Climate : Oceanic Climate; summer (June to September); winter (November to March) + Natural Hazards: Storms and flooding

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Discovering Luxembourg