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Unemployment rate May 2021Inflation rate June 2021Population 1.1.2021GDP growth 2020Public debt 2020

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In 2020, unlike every other European country, Luxembourg saw an increase in employment (+ 2% compared to 2019). Many factors contribute to this good performance, in particular better resistance of the activity and high use of teleworking. While the partial unemployment scheme plays an important role in avoiding employment losses, it does not appear to be a major factor behind the differences in employment development between countries.
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The Central Balance Sheet Office (Centrale des Bilans - CDB) makes available to the public, free of charge, the financial data from the annual accounts of companies and traders in Luxembourg in a structured mass form, i.e. directly exploitable by computer.
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Almost 82% of the population in Luxembourg are willing to take the vaccine against Covid-19, according to a very recent survey conducted by STATEC. Individuals’ trust in science fundamentally influences their preferences for vaccination.
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Economic momentum in Europe strengthened considerably in the second quarter of the year, but the epidemic is far from under control. A new wave of infections is emerging, increasing the downside risks to the expected recovery.
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The number of available resident job seekers registered with ADEM is 16,402 as of June 30, 2021. Compared to May 2021, this constitutes a decrease of 938 persons. Compared to June 2020, this constitutes a decrease of 3,474 persons or 17.5%. The seasonally adjusted unemployment rate calculated by STATEC now stands at 5.7%, continuing its decline from previous months.
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In Luxembourg in June 2021, 136 companies have been declared bankrupt and 98 have been "liquidated" according to the latest count of the Ministry of Justice/STATEC.
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STATEC investigated and analysed the behaviour of Internet users with regard to the communication and protection of their personal data and the use of possible identification procedures and security software or the restriction or prohibition of access to their personal data.
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Construction prices soar
14-07-2021 | STATEC

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The construction price index increases by 4.3% between October 2020 and April 2021. It is the strongest semi-annual increase observed since April 1992. This exceptional boost is mainly due to the rising costs of construction materials. Over one year, residential construction prices are up by 5.2%.
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The Banque centrale du Luxembourg (BCL) and STATEC inform that, according to the first provisional results, the current account for the first quarter of 2021 showed a surplus of 352 million euros, an increase of more than 500 million compared to the same period of the previous year, which showed a deficit.
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In the context of the pandemic, six times as many overnight stays were recorded in Luxembourg among the resident population compared to 2019, and day trips increased by 60%. The data collected also makes it possible to measure residents' travel intentions, and thus to know whether this trend towards localism will continue once the health crisis is over.
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New modeling by STATEC links corporate taxes to corporate profits over some 20 years, but appears to underestimate the taxes generated in recent years.
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In June 2021, the national consumer price index, calculated by STATEC, recorded an increase of 0.2% compared to the previous month. This movement is mainly explained by a new rise in prices of oil products, up by 1.6% in one month. Prices excluding oil products rose by 0.1%. The annual inflation rate is decreasing to reach 2.2% in June.
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The pandemic has affected our imports more significantly than our exports. Trade with non-European countries was the most affected, as is the case with the United States (-30% compared to 2019). Conversely, imports from China increased by 8%, due to increased demand for masks and medical devices.
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Liste des principaux employeurs

STATEC has published its list of Luxembourg’s largest employers based on the workforce figures as of the 1st January 2021, broken down according to employment size and economic activity respectively.
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According to the Global Entrepreneurship Monitor (GEM), entrepreneurial activities have slowed down in Europe during 2020. Luxembourg suffered a decrease comparable to other European countries. However, recent data from the Luxembourg Business Register indicate there are reasons for optimism given a rebound in new business formation of 20% during the first five months of 2021.
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The moderate increase in salaried employment continues: after an increase of +0.6% in the fourth quarter of 2020, the salaried employment market grew by +0.5% in the first quarter of 2021. In 2020, at the start of the health crisis, the increase was only +0.2% in the first quarter. Administration and other public services show the strongest quarterly growth with +1.5% compared to Q4 2020.
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Are housing prices set to slow?
22-06-2021 | STATEC

Housing prices have picked up significantly in recent years. The price rises observed in 2019 and even more so in 2020 are higher than indicated by the usual determining factors. This could lead to a correction in 2021 and 2022, leading to smaller increases but these forecasts are subject to considerable uncertainty.
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The number of available resident job seekers registered with ADEM stood at 17,340 as of May 31, 2021. Compared to April 2021, this represents a decrease of 909 people. Compared to May 2020, this represents a decrease of 2,869 people or 14.2%. In May 2020 the labor market was strongly impacted by the health crisis, with an annual increase of 33.6% of job seekers. The seasonally adjusted unemployment rate calculated by STATEC stands at 5.9% and therefore continues to decline compared to previous months.
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Rapport d'activité 2020-2021

This report is an opportunity to look back at the year 2020, which was turned upside down by the advent of Covid-19. A year placed under the sign of economic uncertainty which made any forecast hazardous, but which on the other hand enabled STATEC to highlight the fractures in the world of work between "essential jobs" and other jobs that are more easily transposed to telework.
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In Luxembourg in May 2021, 161 companies were declared bankrupt and 64 were “liquidated” according to the latest count from the Ministry of Justice / STATEC.
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The GDP in volume increased by +4.9% during the first quarter of 2021 compared to the same quarter in 2020, and by +1.4% compared to the previous quarter.
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In May 2021, the national consumer price index, calculated by STATEC, recorded an increase of 0.3% compared to the previous month. The prices of petroleum products increase by 2.2% on a monthly basis, and the prices of goods and services excluding petroleum products by 0.2%.
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Under the effects of the pandemic, economic activity in Luxembourg suffered a decline in 2020, but it seems to have been less serious than in the rest of Europe. Acceleration of the vaccination programme makes it possible to envisage a significant reduction in activity restrictions and a strengthening of the economic dynamic from the second half of 2021, in combination with national and international stimulus measures. Luxembourg's GDP is therefore expected to grow by 6% in volume over 2021, followed by a 3.5% expansion in 2022.
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mortalite

As a result of the COVID-19 epidemic, the number of deaths in 2020 was significant with 4,609 deaths from all causes, 326 more than in 2019. The mortality rate observed in 2020 is the highest recorded for about ten years. This increase in deaths was slightly more pronounced for men and mainly concerns people aged over 75.
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The 37th population census of Luxembourg, organised by STATEC in collaboration with the municipalities and Guichet.lu, starts on 8 November 2021. The focus is on online participation.
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According to the results of the latest European salary structure survey, Luxembourg has the highest average gross annual salary in the European Union. Nevertheless, certain particularities linked to the Grand Duchy qualify this observation.
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