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Share of SMEs in value added in Luxembourg 2013-2018

SMEs in Luxembourg had a big impact on the non-financial business economy in the country in 2018, as they generated roughly 65 percent of the total value added in the country. The source mentions this was well above the average in the EU-28, which was 56.4 percent during that same year. Especially the medium-sized enterprises played an important, as they made up nearly 27 percent of all the added value. As of 2018, there were approximately 275,000 SMEs in the country, not counting businesses in agriculture.

Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2018

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Source

Release date

November 2019

Region

Luxembourg

Survey time period

2013 to 2018

Special properties

Non-financial business economy only, excluding agricultural sector and non-market service sectors

Supplementary notes

The figures have been taken from several publications.

Data are DIW Econ estimates for 2018, based on 2008-2016 Eurostat figures. The source adds the following information: "The data cover the ‘non-financial business economy’, which includes industry, construction, trade, and services (NACE Rev. 2 sections B to J, L, M and N), but not enterprises in agriculture, forestry and fisheries and the largely non-market service sectors such as education and health. The following size-class definitions are applied: micro firms (0-9 persons employed), small firms (10-49 persons employed), medium-sized firms (50-249 persons employed), and large firms (250+ persons employed)."

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Statistics on "Small and medium enterprises (SMEs) in Benelux"

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