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Unemployment April 2020Inflation rate April 2020Population 1.1.2020GDP growth 2019Public debt 2019

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population

In the context of a sanitary, social and economic crisis, statistics are crucial. They are essential to monitor and anticipate the evolution of the number of infections and hospital beds. They are also vital in order to estimate the impact of this pandemic on the living conditions of our citizens and on the country’s economic activity. By responding to surveys, you help the government take the necessary action to respond to the crisis. We need timely, accurate and reliable data to prepare future forecasts in this unprecedented context. We therefore call on all individuals, households and businesses to continue responding to STATEC’s surveys. We need you more than ever!
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Podcast

In 2020, data from the Central Balance Sheet Office were used to analyse corporate liquidity as part of the assessment of the economic impact of the COVID-19 crisis. In an extreme context, where companies experience a drying-up of incoming cash flows, the level of available liquidity becomes a critical factor for survival. Discover STATEC's new publication on the Central Balance Sheet Office.
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Sanitary containment measures led to a downturn in economic activity in Europe from March onwards. In Luxembourg, as elsewhere, employment and unemployment were heavily and rapidly affected, despite support measures on an unprecedented scale.
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Podcast

A system of equations is identified which allows to capture the most important developments in the housing market in Luxembourg. The econometric set-up takes explicitly into account demand and supply aspects and the trade-off between renting and buying alike. The extended model can then be used for structural analysis, policy analysis and macroeconomic forecasting.
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The number of available resident job-seekers registered with the ADEM stands at 20 253 on 30th April 2020. The seasonally adjusted unemployment rate calculated by STATEC is 6.9%.
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Luxembourg, land of immigration
20-05-2020 | STATEC

Podcast

Luxembourg stands out for its demographic dynamism among European countries. Over the last ten years, population growth has been due to a little over 80% to migration. In 2019, the French will account for 14.8% of migrants. Next come the Italians and the Portuguese, with 9.2% and 8.9% of migrants respectively. 72.2% of immigrants are aged between 18 and 50. The majority of them come to Luxembourg to work or live with their families.
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Podcast

STATEC publishes the first results of an ad hoc survey on the socio-economic conditions of containment due to the covid-19 health crisis. Further analyses will be published in the coming weeks.
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Podcast

The financial sector, representing 26% of GDP, is an important part of the Luxembourgish economy. Therefore, the question of whether and how the financial sector and the real economy are interrelated is particularly important, especially in times of crisis.
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Podcast

How does STATEC choose the people who take part in the surveys? Why are sample surveys carried out? What is the difference between a survey and a census? You will find the answers to these questions by listening to the STATEC podcast (in Luxembourgish and French).
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In April 2020, the consumer price index, compiled by STATEC, is decreasing by 0.1% compared to the previous month. This movement is mainly explained by the continued collapse of prices for oil products. Following the effects of COVID-19, significant movements have been noted for some food products. The annual inflation rate is decreasing to reach 0.6% in April.
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STATEC is revising its inflation forecasts downwards against the backdrop of the collapse in oil prices and the economic downturn, which are the consequences of the Covid-19 pandemic and containment measures. Even if in the short term and for certain sectors, supply difficulties may exert upward pressure on prices (this is already the case in the food sector), the moderating effect of demand should dominate over the forecast horizon.
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population

For this first trimester of 2020, STATEC counts 1,129 deaths, all causes of death combined. Despite the high death rate observed during the last two weeks of March, this figure is lower than the one recorded over the same periods in 2019 or 2018: 1,160 deaths (-2.7%) in 2019 and 1,272 deaths in 2018 (-11.2% ).
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Cross-referencing multiple data sources indicates an estimated decline in activity of around one quarter in connection with the Covid-19 epidemic at the height of the lockdown. This would be a smaller impact than in neighbouring countries, primarily due to a certain resilience in the activity of the financial sector and its significant share in Luxembourg’s economic structure.
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The economic crisis which is hitting all European countries at high speed has not yet been reflected in traditional statistics, considerably reducing visibility and hampering the management of emergency action. In an uncertain environment, developing macroeconomic projections is very difficult. STATEC has therefore developed two scenarios, each based on a different course of the health crisis: the first is serious, the second very serious. In both cases, the wounds inflicted on the economic and social fabric this year would be deep. STATEC expects this year, in Luxembourg, to decrease activity, according to the two scenarios, by 6 or even 12%.
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