Average Savings in Luxembourg Reach €71,000 Per Resident

Residents of Luxembourg collectively held more than €48.6 billion in savings as of August 2025, according to data from the Central Bank of Luxembourg (BCL). This represents a 10% increase since 2020, when deposits totalled €43.9 billion.

Based on the population of 677,000 (Statec data), this equates to an average of €71,000 per resident — though the figure is purely illustrative, as it includes all age groups.

Despite this, Luxembourg households saved less in 2024 than at any point in the last 15 years. The national savings rate — the percentage of income not spent — fell to 12.39%, down sharply from the pandemic peak of 27% in 2020.

Finance Minister Gilles Roth (CSV) highlighted a new initiative to better channel private savings into the national economy. The government has proposed a tax credit for investments in young and innovative companies, aiming to boost support for start-ups.

The proposal is currently under review in the Chamber of Deputies as part of a broader ten-point action plan for start-ups launched in March 2025.

Additionally, Luxembourg has joined the “Finance Europe” label initiative, alongside France, Germany, Spain, the Netherlands, Portugal, and Estonia, to encourage more investment from European savers in local businesses. The Ministry of Finance is now studying how best to implement this framework nationally.

Read More : Each resident in Luxembourg has an average of 71 thousand euros in the bank | Contact 

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