Xin Ou
Research expert covering Greater China
E-commerce in Luxembourg - statistics & facts
Luxembourgish online shoppers profit from a perfect mix of advanced digitalization, solid intra-European relations, and above-average wealth compared to the greater Benelux and European regions. In a country that boasts a near-perfect internet penetration rate and the highest Gross Domestic Product per capita in the world, it comes as no surprise that the online retail market is booming. The Grand Duchy of Luxembourg, one of Europe’s smallest nations, currently has an e-commerce market revenue of over 1.1 billion U.S. dollars, and this figure is forecast to increase by over 35 percent until 2029.
