The added value of SMEs in Luxembourg was highest for medium-sized companies, reaching a value of over nine billion euros in 2022. As of 2022, there were approximately 37,900 SMEs in the country, not counting businesses in agriculture.
Value added of small and medium-sized enterprises (SMEs) in Luxembourg from 2013 to 2022
(in billion euros)
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). Value added of small and medium-sized enterprises (SMEs) in Luxembourg from 2013 to 2022 (in billion euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1140321/value-added-of-smes-in-luxembourg/
European Commission. "Value added of small and medium-sized enterprises (SMEs) in Luxembourg from 2013 to 2022 (in billion euros)." Chart. June 27, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1140321/value-added-of-smes-in-luxembourg/
European Commission. (2023). Value added of small and medium-sized enterprises (SMEs) in Luxembourg from 2013 to 2022 (in billion euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1140321/value-added-of-smes-in-luxembourg/
European Commission. "Value Added of Small and Medium-sized Enterprises (Smes) in Luxembourg from 2013 to 2022 (in Billion Euros)." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/1140321/value-added-of-smes-in-luxembourg/
European Commission, Value added of small and medium-sized enterprises (SMEs) in Luxembourg from 2013 to 2022 (in billion euros) Statista, https://www.statista.com/statistics/1140321/value-added-of-smes-in-luxembourg/ (last visited November 21, 2024)
Value added of small and medium-sized enterprises (SMEs) in Luxembourg from 2013 to 2022 (in billion euros) [Graph], European Commission, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1140321/value-added-of-smes-in-luxembourg/
