The monthly minimum wage in Luxembourg is $2342. Luxembourg has a public debt of 53.2% of the country's gross domestic product (GDP), as determined in 2012. Based on consumer prices, the inflation rate in Luxembourg is 1.8%. The currency of Luxembourg is the euro. There are several plural forms of the name “Euro”. These are euros, euros. The symbol used for this currency is € and is abbreviated as EUR. The euro is divided into cents; There are 100 in a euro. Every year, consumers spend around $17,998 million. The ratio of consumer spending to GDP in Luxembourg is 0.03%, and the ratio of consumer spending to the world consumer market is 5.19%. The corporate tax in Luxembourg is 29.22%. Personal income tax ranges from 6% to 52.45% depending on your specific situation and income level. The VAT in Luxembourg is 17%.

Gross domestic product
The total gross domestic product (GDP), calculated as purchasing power parity (PPP), in Luxembourg is $53,672 billion. The gross domestic product (GDP) in Luxembourg, calculated as purchasing power parity (PPP) per capita, was most recently at $90,920,025. The PPP in Luxembourg is considered very good compared to other countries. A very good PPP indicates that citizens in this country find it easy to buy local goods. Local goods may include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Luxembourg is 60,131 billion. Based on these statistics, Luxembourg is considered to have a medium economy. Medium economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in medium-sized economies. The gross domestic product (GDP) per capita in Luxembourg was most recently at $101,861,530. The average citizen in Luxembourg has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries, and labor is very expensive in these countries. Very wealthy countries offer opportunities for safe investments as they are often supported by a diverse and thriving financial sector. The annual GDP growth rate in Luxembourg averaged 2.7% in 2014. According to this percentage, Luxembourg is currently experiencing modest growth. Countries with modest growth offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.

https://www.confiduss.com/en/jurisdictions/luxembourg/economy/finance/