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Impact of the financial sector on the Luxembourg economy

 
Added value
2010
Added value

Direct
(EUR million)

09/10% GDP

Indirect
(EUR million)

09/10% GDP

Total
(EUR million)

09/10% GDP
Banks6'95631%17%1'151-2%3%8'10725%19%
Insurance2'48750%6%309-8%0.7%2'79640%7%

Financial PSFs

1'981-4%5%2610%1%2'242-3%5%
Management companies2'18211%5%475-2%1%2'6578%6%
TOTAL13'60624%33%2'197-3%5%15'80219%38%
Reminder 200910'992 29%2'257 6%13'249 35%

 

Employment
2010

Employment

Direct09/10

% Employ-
ment

Indirect09/10

% Employ-
ment

Total09/10

% Employ-
ment

Banks26'254-1%7%12'622-7%3%38'876-3%11%
Insurance4'6681%1%3'388-13%1%8'057-5%2%
Financial PSFs5'8241%2%2'867-6%1%8'691-1%2%
Management companies3'3391%1%5'208-7%1%7'547-4%2%
TOTAL39'0850%11%24'086-8%7%63'171-3%17%
Reminder 200939'078 11%26'099 7%65'176 18%

 

Contribution to tax revenues
2010

Contribution
to tax revenues

Direct
(EUR million)

09/10

% Tax
revenues

Indirect
(EUR million)

09/10

% Tax
revenues

Total
(EUR million)

09/10

% Tax
revenues

Banks997-15%10%211-4%2%1'208-14%12%
Insurance502108%5%61-11%0.6%56381%5%
Financial PSFs13717%1%411%0.4%17813%2%
Management companies32735%3%98-5%0.9%42523%4%
Other contributions*57927%6%164182%1.6%74445%7%
TOTAL2'54314%25%57517%6%3'11814%30%
Reminder 20092'235 23%490 5%2'725 28%

* Subscription tax of UCIs (direct contribution) / Savings Tax (indirect contribution)

Income
2010
IncomeDirect (EUR million)09/10% ProductionIndirect (EUR million)09/10% ProductionTotal (EUR million)09/10% Production
Banks9'563-9%8%2'4694%2%12'032-7%10%
Insurance4'877-29%4%663-3%0.6%5'540-27%5%
Financial PSFs3'8360%3%5615%0.5%4'3960%4%
Management companies4'3457%4%1'0194%0.9%5'3646%5%
TOTAL22'620-11%20%4'7123%4%27'332-9%24%
Reminder 200925'385 25%4'579 5%29'964 30%

 

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Updated in September 2011

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