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20180514_satisfaction_HP

In 2016, the level of life satisfaction Luxembourg has an average of 7.5 on a scale of 0 to 10. Residents aged 16-29 and 65-74 are the most satisfied with their lives.
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STATEC is revising its inflation forecasts slightly downwards. Most of this adjustment comes from the latest data, which suggests that underlying inflation may be weaker.
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In April 2018, the national consumer price index rose by 0.22% compared to the previous month. This movement is explained by the sharp increase in oil products prices by 3.1% in one month. Prices excluding oil products increased by only 0.08%.
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In 2017, the added value of the financial sector dropped by 3.3%, weighing down the economic growth of the country. This performance is rather disappointing in relation to the confidence in the sector and in the markets, as well the result of the eurozone (-0.2%).
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The number of available resident jobseekers registered at the ADEM is 15 956 as of March 31, 2018. Over one year, this represents a decrease of 411 people, or 2.5 %. The rate of unemployed, adjusted for seasonal variations, was 5.7 %.
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During 2017, the population of the Grand Duchy has increased by 11,338 people so that as of January 1, 2018, 602,005 inhabitants reside in Luxembourg. This continuous increase in the population is mainly due to net immigration. 48% of the inhabitants of the country do not have Luxembourg nationality.
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The questions in this quarterly survey focus on trips made by residents during the last quarter. In 2016, more than one billion Euro were spent, which equals 770 Euro per resident and per trip.
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In March 2018, the consumer price index, calculated by STATEC, shows a monthly increase of 0.09%. Prices excluding oil products rose by 0.15%, while prices for oil products slowed down by almost one percent. The annual inflation rate increases at 1.1%.
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The BCL and STATEC inform that the current account showed a surplus of 2.8 billion euros in 2017, an increase of about 2% compared to 2016.
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Growth slowed to 2.3% in 2017
28-03-2018 | STATEC

At the end of 2017, growth was not forthcoming. Overall, last year’s GDP growth was limited to 2.3%. This initial estimate implies that the Luxembourg economy slowed slightly compared to 2016, contrary to the general trend observed in the euro zone.
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