SMEs in Luxembourg had a big impact on the non-financial business economy in the country in 2022, as they generated roughly 64.1 percent of the total value added in the country. The source mentions this was well above the average in the EU-28, which was 51.8 percent during that same year. Especially the medium-sized enterprises played an important, as they made up around 26.7 percent of all the added value. As of 2022, there were approximately 37,900 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 2022
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. (June 27, 2023). Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2022 [Graph]. In Statista. Retrieved December 22, 2024, 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 2022." Chart. June 27, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/
European Commission. (2023). Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2022. Statista. Statista Inc.. Accessed: December 22, 2024. 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 2022." Statista, Statista Inc., 27 Jun 2023, 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 2022 Statista, https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/ (last visited December 22, 2024)
Share of small and medium-sized enterprises (SMEs) in total value added in Luxembourg from 2013 to 2022 [Graph], European Commission, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1140319/share-of-smes-in-value-added-in-luxembourg/
