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The labour market situation in Luxembourg can be qualified as satisfactory up to mid-2015: job creation is relatively dynamic, up 2.5% annually, and unemployment has been falling for a year. The situation could improve further in the months to come.
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This publication from BCL measures the links between financial services and other production sectors in the Luxembourg economy. The focus is on propagation within the country, without considering growth abroad.
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On 31 july 2015, Luxembourg had 17 536 registered unemployed residents. The seasonally adjusted unemployment rate was 6.9 %.
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This publication from BCL investigates the theoretical effects of immigration in an occupa­tional choice model with three sectors: a low-skilled, a high-skilled and a pu­blic sector.
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Luxembourg 2015" is a set of 14 infographics on the Grand Duchy developed by the Information and Press Service of the Luxembourg government and STATEC. The purpose of these infographics is to present the Grand Duchy in a visual and funny way.
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Since the entry into force of the law of October 23rd, 2008, about 26 000 people acquired voluntarily the Luxemburg nationality.The Portuguese, the Belgians, the French, the Italians and the Germans represent 75 % of these acquisitions. The vast majority of Belgians having acquired the Luxembourg nationality, however, do not live in the Grand Duchy. This is also true for the French, but to a lesser degree.
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According to the new forecasts, the inflation rate (IPCN) will end up at 0.8% in 2015 and is expected to raise to 1.8% in 2016. The next automatic wage indexation of +2.5% of wages, salaries and pensions will most likely occur in the last quarter of 2015.
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In July, the consumer price index calculated by STATEC decreased by 1.1% compared to the previous month. As each year, the decrease was due to price reductions offered during the summer sales. In addition, oil prices continue to fall. After correcting for the price changes due to sales and excluding oil products, prices of other goods and services rose by 0.1%. The annual inflation rate stands at +0.6%, remaining almost stable for the third consecutive month.
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Despite high volatility at the turn of the year and some uncertainty regarding financial sector indicators, economic growth seems to be buoyant. GDP growth for 2014 as a whole amounted to over 5% according to initial estimates and economic trends remained dynamic at the start of 2015.
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This publication from BCL measures investment funds’ systemic credit risk in three forms.
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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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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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