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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.



In March 2018, the consumer price index, calculated by STATEC, shows a monthly increase of 0.16%. This movement is mainly explained by a new rise in prices of oil products, up by 2.4% in one month. Prices excluding oil products rose by 0.05%.
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During the year 2018, the population of the Grand Duchy increased by 11,889 persons, so that as of 1 January 2019, 613,894 inhabitants reside in Luxembourg. This continuous increase in the population is mainly due to net immigration. 47% of the inhabitants of the country do not have Luxembourg nationality.
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The current account showed a surplus of 2.8 billion euros in 2018, an increase of 2.5% compared to 2017.
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The end of 2018 saw modest GDP growth, limited mainly by falling results in the financial sector. Growth was close to 3% over past year as a whole, marked notably by strong consumer spending.
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With 39 EUR, the average hourly labour cost remains high in Luxembourg compared to the European average (26 EUR) and that of the Euro zone (30 EUR). This results from Luxembourg's employment structure, which is more focused on high value-added services.
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This increase in the forth quarter is due to job creation in construction activities, as well as in specialised activities and support services.
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