The data displays the average staff count of banks in Luxembourg from 2014 to 2016, by country of origin of the bank. Luxembourg is an international financial center in the European Union, with over 140 international banks having an office in the country. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the third most competitive financial center in Europe after London and Zürich. In 2016, banks in the Grand Duchy with a domestic Luxembourg background employed approx. 5,100 people. Banks from France, however, had the highest number of employees: around 5,300.
Total market | 25785 | 25942 | 26060 |
France | 6007 | 5091 | 5295 |
Luxembourg | 4947 | 5025 | 5112 |
Germany | 2432 | 2307 | 2324 |
United States of America/United Kingdom | 2097 | 2139 | 2161 |
Switzerland | 2463 | 2071 | 2108 |
China | 410 | 553 | 656 |