Luxembourg is known for its finance sector, but it also has successful industries in steel, technology, chemicals, rubber, and other products. The economy is highly developed and Luxembourg has the world's highest GDP per capita. Luxembourg's economy is stable, with moderate growth, low inflation, and low unemployment.
Luxembourg is the world's second largest investment fund center (after the United States). It is the most important private banking center in the Eurozone. There have been some concern about Luxembourg's banking secrecy laws. It has been added to a "grey list" of nations with questionable banking arrangements by the G20.
GDP:
$40.81 billion (2010 estimate)
Labor Force:
206,000 (125,400 of which are foreign cross-border workers)
Update 14/02/2020
If you want to move money abroad, from Luxembourg or to Luxembourg for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.