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On 30 june 2015, Luxembourg had 16 833 registered unemployed residents. The seasonally adjusted unemployment rate was 6.9 %.
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STATEC publishes today the first estimates of the gross domestic product (GDP) for the first quarter of 2015, as well as revised figures for the previous quarters. The GDP in volume increased by +4.9% during the first quarter of 2015 compared to the same quarter in 2014, and by +0.7% compared to the previous quarter.
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STATEC presented, under the auspices of Mrs Francine Closener, Secretary of State for the economy, the results of a study on entrepreneurship carried out under the "Global Entrepreneurship Monitoring" (GEM) program in collaboration with the Luxembourg Chamber of Commerce.
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The Luxembourgish economy is based on highly added value services. However, to maintain its competitiveness, the government must find solutions to attract highly qualified workers. This is due to the fact that newly established companies are confronted with difficulties when recruiting this type of individuals.
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STATEC, who undertakes the Household Budget Survey yearly since 2003, publishes today the results for 2013. The consumption expenditures of households have increased in 2013 compared to 2012, in nearly all types of consumption. Households’ expenditures for housing are by far the most important ones, followed by expenditures for transportation and food.
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A research undertaken by STATEC in 2014 shows that the social economy, i.e. firms, associations, cooperatives and foundations working to find solutions to social and/or environmental problems, plays a significant role in the improvement of the living conditions in Luxembourg. The study shows that the presence of social enterprises improves the quality of life of all social classes and in particular of the poorest.
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In June, the consumer price index calculated by STATEC, increased by 0.2% compared to previous month. Prices of some services drove inflation as prices of oil products fell slightly. The annual inflation rate remained stable at 0.7%, the level already observed in May. The core inflation rate remains on an upward trend observed since the beginning of the year.
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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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