BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Central Bank of Luxembourg
Luxembourg is part of the Eurosystem and the European Central Bank

International Reserves

US$ 1.011 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 55.935 billion (2011 estimate)

GDP (Purchasing Power Parity)

41.653 billion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.5% 4.1% 1.5% 4.4% 5.4% 5.6% 6.5% 0.8%
2009 2010 2011 2012*        
-5.3% 2.7% 1% -0.2%        

*Estimate

GDP per capita - current prices

US$ 106,958 (2011 estimate)

GDP per capita - PPP

$79,649 International Dollars (2011 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.04% 0.05% 0.06% 0.05% 0.05%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 0.4% 
  • industry: 13.6% 
  • services: 86% (2007 estimate)
Gross domestic expenditure on R&D; (% of GDP)

1.63% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.4%(2008) 2.3% 3.4% 2.3%

*Estimate

Unemployment rate
2009 2010 2011 2012*
5.8% 6.2% 6%(2009) 6%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
13.7% 14.8% 19.1% 20.8% 23.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
3% -0.9% -1.1% -0.7% -1.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$105.6 billion US$101.1 billion US$67.63 billion
Largest companies in Luxembourg

RTL Group (Broadcasting & Cable), SES (Broadcasting & Cable), ArcelorMittal (Iron & Steel), Ternium (Iron & Steel), Tenaris (Oil Services & Equipment), Espirito Santo Financiall (Regional Banks), Millicom International (Telecommunications services) (2012)

 
 
Source
Current account balance

US$ 3.2 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

5.7% of GDP (2011 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

165% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.12%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

1.74% (2011)(2007)

(Data were released in 2012)

Total exports

US$15.5 billion (2012 estimate) 

Export commodities

machinery and equipment, steel products, chemicals, rubber products, glass

Total imports

US$25.08 billion (2012 estimate) 

 
 
Source
Import commodities

minerals, metals, foodstuffs, quality consumer goods

Exports - major partners

Germany 22.2%, France 15.6%, Belgium 13.2%, UK 7.3%, Italy 5.4%, Switzerland 4.3%, Netherlands 4.1% (2011)

Imports - major partners

Belgium 30.3%, Germany 26%, France 10.8%, China 6.9%, Netherlands 5.8%, US 5.2% (2011)

FDI inflows
2009 2010 2011
US$22,408 million US$9,211 million(2009) US$17,530 million(2009)
FDI outflows
2009 2010 2011  
US$7,547 million US$15,123 million US$11,741 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$8,109 million US$3,382 million(2009) US$431 million(2009) US$-20,751 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

CVC Capital Partners Ltd, Sunrise Communications AG, Switzerland, $3.3 billion

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 56 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 93 out of 185 countries(2009)

Enforcing Contracts: 1 out of 185 countries

Registering Property: 134 out of 185 countries

Getting credit: 159 out of 185 countries

Protecting investors: 128 out of 185 countries

Trading across border: 32 out of 185 countries

Paying Taxes: 14 out of 185 countries

Dealing with Construction Permits: 33 out of 185 countries

Getting Electricity: 63 out of 185 countries

Resolving Insolvency: 52 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

22

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 13 Score: 74.5 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

2,586 km2 (2006)

Capital

Luxembourg (2009)

Currency

euros (EUR) (2009)

Government type

constitutional monarchy (2009)

Languages

Luxembourgish (national language), German (administrative language), French (administrative language)

Religions

Roman Catholic 87%, other (includes Protestant, Jewish, and Muslim) 13% (2000)

Total population
1980 1990 2000 2012* 2017**
0.36 million 0.38 million 0.44 million 0.52 million 0.57 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
69.6% 80% 83.8% 85.4%
Population median age

39 years (2010)

Population growth rate

2% (2011)

Life expectancy

80 years (2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

30.76 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

202.37% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

90.89% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Luxembourg: 72nd (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

20.3823 (Data were released in 2012 and refer to 2009)

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