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Unemployment January 2020Inflation rate January 2020Population 1.1.2018GDP growth 2018Public debt 2018

Latest news

Labour market stalls
26-02-2020 | STATEC

The Luxembourg labour market is starting to feel the effects of the economic slowdown in Europe. Employment is slowing, unemployment is no longer falling and leading indicators show evidence of an ongoing deterioration of the situation in the coming quarters.
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This represents an increase of 1,319 people. The seasonally adjusted unemployment rate calculated by STATEC is 5.5%.
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Inflation Forecast: 1.9% in 2020
14-02-2020 | STATEC

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
29-01-2020 | STATEC

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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