Key Market Indicators
Luxembourg's manufacturing output is projected to hit approximately €25.5 billion by 2028, up from €21.5 billion in 2023. This represents an average annual growth rate of 2.7%. Since the turn of the millennium, Luxembourg has consistently expanded its manufacturing supply, maintaining a year-on-year growth rate of 2.7%. In 2023, the country ranked 27th in global manufacturing output, with Croatia slightly ahead, also at €21.5 billion. Leading the rankings in 2023 were Italy, France, and Spain, occupying the second, third, and fourth positions respectively.
