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Is Luxembourg on the way to a society of heirs and annuitants? In the last issue of three “Cahiers économiques du STATEC”, targeting the economic and social change of Luxembourg since the French Revolution, the economist Gérard Trausch wonders about the future of Luxembourg and develops the solutions found by the Luxembourgish society to solve its economic and social problems.
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Luxembourg’s largest employers on 1st January 2014
02-07-2015 | Press Release 22/2015

STATEC has published its list of Luxembourg’s largest employers based on the workforce figures as of the 1st January 2014, broken down according to employment size and economic activity respectively.
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The tourism activity of the resident population remains stable in 2014. Nearly 83% of residents aged 15 and over, have undertaken at least one trip, including at least one overnight stay, which corresponds to 1.5 million trips. The destinations for their part are also unchanged: Germany and France are the favorite destinations for years, followed by Belgium and Spain.
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The working paper no 83/2015 is the first effort to analyze the role of intangible capital in contributing to GDP and labor productivity growth in Luxembourg from 1996 to 2012 using the definition and evaluation framework of intangibles from Corrado et al. (2005, 2012), which includes a broader range of assets than the classical national accounting system.
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The dark clouds that were threatening the Luxembourg economy last autumn have mainly dissipated. Economic momentum is picking up, benefiting from a more buoyant international environment and resilience in service activities. These elements should see Luxembourg posting GDP growth above 3% in 2015 and 2016.
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The first balance of payments results of 2014 were recently published on the websites of STATEC and the BCL. Luxembourg's trade balance saw a spectacular improvement due to a methodological change intervened on international level, and exports nearly equal imports for the first time since the 80’s.
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On 30 May 2015, Luxembourg had 17 229 registered unemployed residents (available for the labor market and which did not benefit from an employment program). The seasonally adjusted unemployment rate was 6.9 %.
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The dark clouds that were threatening the Luxembourg economy last autumn have now largely dissipated. Economic momentum is picking up, benefiting from a more buoyant international environment and resilience in service activities. These elements should see Luxembourg posting GDP growth well above 3% in 2015 and 2016. These are the main facts highlighted in Note de Conjoncture No. 1-2015, which STATEC has just published.
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During its meeting of 1 April 2015, the Higher Council of statistics (“Conseil supérieur de la statistique”) has examined the recommendations of an international group of experts in order to strengthen Luxembourg’s statistical system. The Council shares the experts’ views and recommends improvements in terms of governance, sustainability and access to users.
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The increase in employment is largely fueled by a positive evolution in business services and in the ICT sector. The number of cross-border workers grows slightly faster than the number of resident workers: + 2.7% against + 2.3%. Among the resident workers, the number of EU nationals grows by 3.0% and the number third-country nationals increases by 6.0%.
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