After the disastrous developments in the second quarter due to the COVID-19 pandemic crisis, the labor market is showing a strong recovery in the third quarter of 2020: Domestic payroll employment is up +1.4% compared to the previous quarter. Specialized activities and support services even grew by +4.6% compared to the 2nd quarter 2020.
Read more

---

On the whole, Q3 was characterised by a recovery in economic activity in Luxembourg, pointing to a less severe recession than previously expected this year.
Read more

---

Guichet.lu and state sites are very well known to Internet users, with differences in usage by age, education level and nationality. 40% of Internet users use Guichet.lu in their administrative procedures.
Read more

---

In 2019, the remuneration of frontier workers shows a deficit of EUR 10.3 billion in the balance of payments, but social contributions received exceed social benefits paid to non-residents by EUR 154 million for the same year. The number of active frontier workers remains higher than that of retired frontier workers.
Read more

---

STATEC publishes today the first estimates of the gross domestic product (GDP) for the third quarter of 2020, as well as revised figures for the previous quarters. The GDP in volume increased by 0.5% during the third quarter of 2020 compared to the same quarter in 2019, and by 9.8% compared to the previous quarter.
Read more

---

In November 2020, the national Consumer Price Index, calculated by STATEC, fell by 0.5% compared to the previous month. This movement is mainly explained by the decrease of prices for oil products and a fall in the prices of package holidays in November. The annual inflation rate is decreasing to 0.4% in November.
Read more

---

Confined to their homes, residents have never spent so much time on the Internet. STATEC data on the private use of information and communication technologies by households and individuals show a clear change in uses, and a sharp acceleration in the frequency of certain online services such as video calls or medical consultations.
Read more

---

In the first ten months of 2020, STATEC counted 3,601 deaths from different causes. While mortality has tended to decrease in recent years, following the appearance of COVID-19, the number of deaths is higher than that recorded over the same period in 2019 (3,498 deaths (+2.9%).
Read more

---

In 2020, the Luxembourg economy was heavily impacted by the consequences of the COVID-19 pandemic with GDP projected to decline by about 4%. However, it held up better than most other European countries, especially in terms of employment. The economic support measures, aimed at countering the drop in activity caused by preventive health measures and falling international demand, have caused a sharp decline in public finances this year. As a second wave of infections hits the country, forecasts for 2021 are subject to a significant margin of uncertainty linked to the future course of the pandemic.
Read more

---

According to the Global Entrepreneurship Monitor (GEM), entrepreneurship in Luxembourg has suffered the consequences of the COVID-19 pandemic. Entrepreneurial activities are in decline in Luxembourg in 2020, and some of the measurement indicators are at their lowest since 2013, year in which Luxembourg joined the GEM project.
Read more

---

This is the result of the APPRECIATE survey, which helps determine the acceptability of contact tracing apps for Luxembourg. Respondents are in favour of apps that: operate across borders and in Europe, can be installed on a voluntary basis, and store data on the users’ mobile device rather than on a central server.
Read more

---

Containment measures have had a strong impact on consumer purchasing behaviour. In March 2020, the sales volume of food products increased by 35% compared to the previous year. However, food prices were rather stable during the health crisis, with the exception of fresh fruit and vegetables. Non-food products also showed interesting developments: the star product of the lockdown, the toilet paper, saw its sales volume increase by 130% in March 2020!
Read more

---

Activity in the euro area recovered markedly in Q3 and Luxembourg is expected to experience a similar upturn. However, the outlook for year-end is less upbeat, with the renewed rise in coronavirus infections leading to new restrictions, although these are not expected to weigh as much on activity as the lockdown last spring.
Read more

---

White-collar workers and tertiary graduates dominate the high value-added branches. The specialization of the Luxembourg economy towards high value-added services has profoundly changed the characteristics of salaried employment in Luxembourg. Employment growth has been polarized at the top and bottom of the scale and has been concentrated in specific sectors. White-collar workers now account for 2/3 of salaried employment.
Read more

---

On January 1st, 2021 a CO₂ tax will be introduced in Luxembourg. STATEC has quantified the impact of this tax, the amounts of which will gradually increase in 2022 and 2023. The impact on tax revenues would be negative in the medium term and the impact on households with a low living standard would be neutral. Business spending would be affected in a differentiated manner depending on the branch of activity, but economic activity as a whole would be little affected.
Read more

---

The health and economic consequences of the COVID-19 pandemic are striking. Lockdown resulted in a decrease in income for one in six residents and had a negative effect on the physical health of one in six people. This crisis also has psychological repercussions on the population. All these findings are analyzed in the report PIBien-être 2020, which also notes that the correlation between well-being and GDP is weak.
Read more

---