Data on employment rates (percentage of working-age employed population) in the business finance sector for all 15-64 year olds around the world, with a graph of the top countries

Abstract

Costa Rica’s high employment rate in the business finance sector, at 12.4%, is largely due to the country’s economic structure and policies. In recent years, Costa Rica has adopted a strategy of leveraging its stable political environment and growing economic base to attract foreign investment. In particular, the business finance sector has become a major driver of economic growth, with financial services and business process outsourcing (BPO) developing. This has resulted in an increase in employment in the business finance sector, which has come to occupy a significant position in the overall job market. Costa Rica’s economic policies and education system are developing a workforce with financial skills, leading to additional job creation.

Employment rate for all 15-64 year olds in the business finance sector (percentage of working age working population)

Luxembourg’s unique economic structure and status as an international financial centre are the main reasons why employment in the business finance sector in Luxembourg reached its highest level of 23.8% between 1980 and 2021. Since the 1980s, Luxembourg has actively promoted its financial services industry and has expanded its international presence, particularly in the areas of investment funds, private banking and asset management. This has led to an increase in employment in the finance industry, as a proportion of the working-age population. Luxembourg also offers a high standard of living and a stable business environment, making it a popular regional headquarters for multinational companies. In recent years, the country’s employment rate has remained at 100% compared to its peak, highlighting the stability of its economy and the importance of its business finance sector. This demonstrates how Luxembourg is building its economy around financial services, creating sustainable job opportunities.

The maximum is the latest one, 23.8% of Luxembourg

Employment rate in the business finance sector for all 15-64 year olds (percentage of working age working population) (Worldwide)

Luxembourg’s business finance employment rate peaked at 23.8% in 2016, thanks to the country’s sophisticated financial sector. Since the 1970s, Luxembourg has grown rapidly as a financial centre and established an international reputation, particularly in investment funds, private banking and insurance. This growth has been driven by the establishment of regional headquarters for global companies and policies such as tax incentives, which have increased the demand for finance professionals. As a result, employment in the business finance sector has increased significantly, as a proportion of the working-age population. The current employment rate of 100% compared to its peak demonstrates the continued importance and stability of Luxembourg’s financial sector. This trend is likely to continue, supported by high demand for financial services and a stable economic environment.

The maximum is the latest one, 23.8% of Luxembourg

Employment rate in business finance sector for all 15-64 year olds (percentage of working age working population) (Worldwide, latest year)

Data for 2021 shows that Costa Rica has a high employment rate in the business finance sector at 12.4%, well above the global average of 6.45%. Costa Rica’s high employment rate reflects the country’s significant growth in financial services and business process outsourcing (BPO) sectors in recent years. With a stable political environment and encouraging policies that encourage foreign direct investment, Costa Rica has established itself as an important hub in the financial industry. Compared to the global average of 6.45% employment in the business finance sector, Costa Rica’s high rate shows how dependent a particular region or country is on finance, or how developed the sector is. Furthermore, the overall employment rate of 90.3% indicates that while the business finance sector plays an important role in the economy in many countries, other sectors still generate employment widely. The data illustrates differences in the importance of the business finance sector and its stage of growth across countries, highlighting the impact of local economic characteristics and policies on employment rates.

The maximum is 12.4% of Costa Rica, the average is 6.45%, and the total is 90.3%

Reference