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

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This represents an increase of 3 155 people. The number of available resident job-seekers registered with the ADEM stands at 18 525 on 31st August 2020. The seasonally adjusted unemployment rate calculated by STATEC is 6.4%.
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lux en chiffres

STATEC had published its last medium-term projections just before the emergence of the health crisis, on March 12, 2020. Very quickly, due to the COVID-19 pandemic, it turned out that these growth forecasts were far too optimistic, in particular for 2020. Today STATEC publised new medium-term macroeconomic projections.
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STATEC publishes today the first estimates of the gross domestic product (GDP) for the second quarter of 2020, as well as revised figures for the previous quarters. The GDP in volume decreased by 7.8% during the second quarter of 2020 compared to the same quarter in 2019, and by 7.2% compared to the previous quarter.
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lux en chiffres

This publication provides basic statistical data on the Grand Duchy on 64 pages, easily accessible and illustrated by infographics and graphics. New feature this year: the "COVID-19 special pages" with the main indicators for Luxembourg and the world, as well as data illustrating the impacts of the pandemic on the population, on the labor market and on the economy.
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Salaires

The gross average annual salary of a full-time equivalent having worked the whole year is 65,801 EUR in 2018. This amount includes all the remuneration received (such as all kinds of bonuses, overtime, 13th month and end of year bonus).
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Companies' NACE classification
10-09-2020 | STATEC

Entreprises_NACE_165x109

Following the financial difficulties of companies linked to the health crisis, various state aids were introduced. Since these aids (partial unemployment, direct aid, etc.) are linked to the NACE code, STATEC wishes to inform about the process for the allocation and the modification of the NACE codes.
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In August 2020, the national Consumer Price Index, calculated by STATEC, shows a monthly increase of 0.8% compared to the previous month, mainly because of the end of the summer sales period. After adjusting for the price changes due to sales, the prices of goods and services excluding petrol products are going up by 0.2%. The annual inflation rate is decreasing to reach 0.6% in August.
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TIC jeunes

In 2019, 3% of Internet refractors remained among 16 to 74 year olds; 7% among 55 to 64 year olds and 13% among 65 to 74 year olds. While 16 to 24 year olds are online every day, the 55 to 64 and 65 to 74 age groups have 76% and 71% of daily users, respectively.
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CSA

This flash takes stock of the impact of the COVID-19 crisis and the containment measures on high-risk drug users (HRDU). The document also presents the testimonies of professionals in the field concerning the consumption habits and behaviors of HRDU, as well as all the actions and solutions put in place by the Ministry of Health and actors in the field to ensure an adequate supply of services and continuity of projects / programs.
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Regards EBM_165x109

Since 2011, the share of private food expenditure devoted to organic products has varied between 10% and 14% depending on the year. Thus, no real boom has occurred according to the results of the household budget survey (EBM) carried out by STATEC.
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Activity recovers in Q3
25-08-2020 | STATEC

Luxembourg GDP fell significantly in Q2 2020 mainly due to lockdown measures while other euro zone countries suffered the same fate. Nevertheless, from May onwards, signs of recovery emerged in most sectors of activity and the economic surveys available up to July/August confirm this more favourable trend.
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The number of available resident job-seekers registered with the ADEM stands at 19 762 on 31st June 2020. The seasonally adjusted unemployment rate calculated by STATEC is 6.6%.
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The partial recovery in oil prices over the last few months, which happened faster than expected, leads STATEC to revise its inflation forecasts upwards for 2020 and downwards for 2021. Core inflation also contributes to these revisions: it has held up well so far, particularly supported by price increases in the food industry and certain services. Over the forecast horizon; however, the deteriorating economic outlook should slow it down. The impact of the introduction of a CO2 tax of 20 EUR/ton in 2021 has been simulated, but has not yet been included in the central scenario because certain modalities are not yet known.
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In July 2020, the consumer price index, compiled by STATEC, fell by 0.5% compared to the previous month. As every year, this decline is explained by the price reductions offered during the summer sales. By neutralizing variations due to summer sales and excluding oil products, prices for other goods and services increased by 0.1%. The annual inflation rate is increasing to reach 0.9% in July.
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annulationvoyages165

65% of trip cancellations did not have any financial consequences for households. 46% of residents canceled at least one leisure trip because of the crisis. They advanced money for 59% of canceled trips, according to STATEC’s tourism survey.
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