The data displays the total staff expenses of the banking sector in Luxembourg from 2006 to 2016 (in million euro). In 2016, the total staff expenses were worth approx. 3.1 billion euro. This is the highest value reached since 2006. Luxembourg is an international financial center in the European Union, with over 140 international banks having an office in the Grand Duchy. The fund industry is one of the biggest in Europe. In 2016, for example, the total value of investments in private equity companies in Luxembourg amounted to approx.
