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Statistics Portal - Grand Duchy of Luxembourg

Web address (URL) of the printed page : http://www.statistiques.public.lu/en/actors/statec/?


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STATEC

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An institute serving citizens, companies and political decision-makers

STATEC (National Institute of Statistics and Economic Studies of the Grand Duchy of Luxembourg) is an administration under the authority of the Ministry of Economics. Nevertheless, it is scientifically and professionally independent, i.e. that STATEC sets its work plan in conformity to the national and European statistical legislation, and generates and disseminates its data in complete neutrality.

Its missions are to provide public and private decision-makers, along with the citizens, a high-quality statistical information service. STATEC is committed to producing statistics, analyses and studies mirroring a detailed, reliable and objective image of the Luxembourg society.

STATEC coordinates the Luxembourg Statistical System that is organised in consonance with the principle of statistical centralisation.

LATEST NEWS

 

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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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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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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Last update of this page : 13-12-2017  
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