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
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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European Commission. (November 26, 2019). Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2018 [Graph]. In Statista. Retrieved January 18, 2022, from https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/
European Commission. "Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2018." Chart. November 26, 2019. Statista. Accessed January 18, 2022. https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/
European Commission. (2019). Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2018. Statista. Statista Inc.. Accessed: January 18, 2022. https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/
European Commission. "Share of Small and Medium-sized Enterprises (Smes) in Total Value Added in Luxembourg from 2013 to 2018." Statista, Statista Inc., 26 Nov 2019, https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/
European Commission, Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2018 Statista, https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/ (last visited January 18, 2022)
