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STATEC


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.

LATEST NEWS

 

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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With more than two thirds of the population making at least one leisure trip a year, holidays can be an important topic of discussion for Luxembourg residents. STATEC will be present at the Salon Vakanz to be held at Luxexpo from 17 to 19 January 2020 to provide information on tourism practices and present the results of the study it has been conducting on this subject for 20 years.
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In December 2019, the national Consumer Price Index, calculated by STATEC, shows a monthly increase of 0.14% compared to the previous month. Prices for oil products increased by 0.21, while prices excluding oil products recorded an increase of 0.13%. With the December results, a wage indexation is triggered, resulting in a 2.5% increase in wages, salaries and pensions as of 1st of January 2020.
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The current account shows a surplus of 785 million euros in the first three quarters of 2019, an increase of 54 million compared to the same period of the previous year.
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According to the provisional result of the national consumer price index published by STATEC, the annual inflation rate amounts to 1.7% for the month of December. With this result, the 6 month moving average of the index exceeds the threshold of 873.94 points (base 100=1.1.1948), triggering a new indexation of wages, salaries and pensions.
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