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An institute serving citizens, companies and political decision-makers

STATEC (National Institute of Statistics and Economic Studies of the Grand Duchy of Luxembourg) is an administration under the authority of the Ministry of Economics. Nevertheless, it is scientifically and professionally independent, i.e. that STATEC sets its work plan in conformity to the national and European statistical legislation, and generates and disseminates its data in complete neutrality.

Its missions are to provide public and private decision-makers, along with the citizens, a high-quality statistical information service. STATEC is committed to producing statistics, analyses and studies mirroring a detailed, reliable and objective image of the Luxembourg society.

STATEC coordinates the Luxembourg Statistical System that is organised in consonance with the principle of statistical centralisation.



STATEC anticipates a slight increase in inflation, approaching 2% for 2020 and 2021. This acceleration mainly stems from a stronger support of oil product prices. The forecast takes account of the introduction of free public transport on the 1st March 2020 and a further increase in excise duties on fuel expected in the coming months.
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In January 2020, the national Consumer Price Index fell by 0.6% compared to the previous month. As every year in January, winter sales have influenced the monthly results. After adjusting for the price changes that are due to winter sales, prices of the goods and services excluding oil products have increased by 0.6%. The annual inflation rate is increasing to reach 1.9% in January.
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Performance des banques

Thanks to the increase in granted loan volumes, the retail banks and the depositaries of collective investment schemes have managed, unlike other banks, to increase significantly their interest margin (resp. + 47% and + 87% between 2015 and 2018). In addition, the good performance of investment funds in Luxembourg has enabled depositary banks to increase their net commissions by 18%.
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Hot and cold

Recent developments surrounding trade tensions and Brexit have eliminated some economic uncertainty and business confidence in the euro zone has ceased to decline. But there remain many unknowns in the international environment which will continue to weigh on activity.
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16% of non-financial businesses having at least 10 persons employed used Big Data in 2018. The vast majority of businesses in the non-financial business economy employ fewer than 50 persons. Almost a third of those businesses are under foreign control.
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Despite short recessions, Luxembourg’s economy has grown nearly continuously since 1981. Nevertheless, the share of residents declaring to be satisfied with their lives while relatively high has remained nearly unchanged.
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