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After a first estimate of illegal activities in 2006, STATEC undertook an impact assessment on both gross domestic product (GDP) and gross national income (GNI) for the year 2012. The impact is about 0.3% of both GDP and GNI. Although relatively low, these activities are nevertheless significant, especially when directly compared to certain industries of the legal economy...
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Unemployment rate in june 2014 : 7.2 %
24-07-2014 | Agence pour le développement de l’emploi news

On 30 june 2014, Luxembourg had 17 365 registered unemployed residents. The seasonally adjusted unemployment rate was 7.2 %.
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The consumption expenditures of households have increased in 2012 compared to 2011, but the increase depends on the type of consumption. Households’ expenditures for housing are by far the most important ones, followed by expenditures for transportation and food.
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The 1st quarter of the year again saw good GDP growth, which means this year's 3% target is likely to be reached. The cyclical improvement, however, remains limited by high unemployment, which is weighing on consumption, and by the counter-performance of the financial sector compared to other branches of activity.
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The 2013 safety survey indicates that in Luxembourg, 27% of homes are equipped with a burglar alarm and 57% have special safety locks. Detached or semi-detached houses are more often provided with both of these security measures than row houses and apartments.
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Wage formation and automatic indexation mechanism
15-07-2014 | Observatoire de la compétitivité ODC news

According to a comparative analysis of the University of Luxembourg, there is no systematic difference on wage formation between countries with an automatic indexation mechanism (Belgium, Luxembourg) and those without (France, Germany).
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After some reluctance to travel in 2010, the positive development of tourism activity holds on . In 2013 83% of the residents in Luxemburg have realised at least one overnight trip for personal reasons. The main reason for travelling in summertime was leisure or recreation at seaside. Reasons for not travelling were mainly due to health problems.
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Non-cash employee income in 2012
10-07-2014 | STATEC news

Non-cash employee income is part of employee compensation and is thus subject to social contribution and income tax. As of 2007, the European Union Survey of Income and Living Conditions (EU-SILC) assesses the monetary value of non-cash employee income. Based on this assessment, this publication analyses the importance of non-cash employee income as a component of national employee income...
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In June, the index of consumer prices calculated by STATEC increased by 0.16% compared to the previous month. The year on year inflation rate decreases from 1.03% in May to 0.85% in June, the core inflation rate also slows down from 1.33% to 1.20%...
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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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