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Luxembourg

Summary:

As cross-border purchases represented nearly 82% of the region's online retail market spend in 2021, and the population's internet penetration ranks the highest in the EU at 98.7%, Luxembourg remains Europe's top destination for cross-border e-commerce. Even though the country is home to a small population of just over 650K citizens, Luxembourg creates a prime target for brands looking to expand into the European marketplace.

Preferred Languages:
French, German, Luxembourgish
Currency:
Euro - EUR

Country Facts

Population

Total650,770
Population Density245/km2
Median Age39.5

Economy

GDP (USD)$82,274,810,000
Average Income (USD)$67,967
Producer Price Indexnull

Shopper Profiles

Rural vs Urban Living

The percentage of the population living in rural versus urban areas.

Demographic by Sex

Measure of how the population is split between female and male persons.

Internet Access

The percentage of the population that has access to the internet.

Buys Online

The percentage of the population that has made an online purchase since 2021.

Preferred Payment Methods

Shoppers in every country have preferred payment methods which, when offered, make them much more likely to complete a transaction successfully. Our research shows that shoppers in Luxembourg prefer the following methods: Credit Card, and Mobile Wallet.

Bank Transfer

Wire transfer, bank transfer, or credit transfer is a method of electronic funds transfer from one bank account to another bank account or through a transfer of cash at a cash office.

Online Banking

Visa

Visa is the leading card network worldwide, boasting the largest transaction volume of any card scheme.

Credit Card

Mastercard

Mastercard is one of the leading credit card networks in the world.

Credit Card

American Express

American Express, also known as AMEX, is a top card network and offered in more than 130 countries.

Credit Card

PayPal

PayPal is a leading digital wallet and is available worldwide. It boasts multiple payment options within the platform and strong security.

Digital Wallet

JCB

JCB is a major credit card issuer and acquirer founded in Japan that is now available in 24 countries and accepted globally.

Credit Card

Apple Pay

Apple Pay is a payment method that utilizes the built-in biometric verification measures of enabled Apple devices to allow users to checkout with the click of one button. It allows users to save multiple payment methods including bank-issued debit and credit cards.

Digital Wallet

Ready to expand? Reach can help.

Reach understands global consumers and how changes in their shopping experience affect your business.

Our experienced legal, financial, compliance and local-market experts provide in-depth global analytics for your business, as well as duty and tax calculations so that you can expand your business to new markets with certainty and ease.

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