La última tasa de variación anual del IPC publicada en Luxemburgo es de septiembre de 2020 y fue del 0,7%. Economy - overview: This small, stable, high-income economy has historically featured solid growth, low inflation, and low unemployment. Economy - overview: This small, stable, high-income economy has historically featured solid growth, low inflation, and low unemployment. This can be largely traced to services, where less productive firms have tended to fall further behind. 43 0 obj Es significativo también que el salario medio de sus habitantes esté entre los más altos del mundo. Luxembourgers enjoy the highest per capita gross domestic product in the world. In addition, Luxembourg remains open and plural, deeply interconnected with neighbouring countries and a new home to many immigrants from all over the world. The City of Luxembourg with its old quarters and fortifications was declared a UNESCO World Heritage Site in 1994 due to the exceptional preservation of the vast fortifications and the old city. The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). The second challenge identified in our Survey is that of affordable housing. BD�$�G>�J(f�4L���#)�JG�0v6���Zg�2. The economy, underpinned by strong employment growth, expanded by 2.6% in 2018 and is expected to continue growing by 2% and 2.5% in 2019 and 2020 respectively. Meanwhile, net trade made no contribution to growth, with both exports and imports rising 1.1 percent, while government spending jumped 1.9 percent (vs 0.7 percent in Q2). /Version /1#2E5 It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent). Household consumption slumped by 4.8 percent (vs 0.4 percent in Q4 2019) and fixed investment plummeted by 18.4 percent (vs 5.2 percent in Q4). Year-on-year, the economy grew by 3.0 percent, compared to 3.2 percent in the second quarter. Esta cifra supone que sus habitantes tienen un buen nivel de vida, ya que ocupa el puesto número 3 en el ranking de 196 países del ranking de PIB per cápita. Luxembourg’s economic freedom score is 75.8, making its economy the 19th freest in the 2020 Index. I will focus my remarks on the two key challenges our Survey examines in detail: reviving productivity growth and making housing more affordable. Luxemburgo, situada en Europa occidental, tiene una superficie de 2.590 Km2, que lo coloca entre los países más pequeños del mundo. Luxembourg is a developed country, with an advanced economy and one of the world's highest GDP (PPP) per capita. << /PieceInfo 5 0 R En cuanto al Índice de Percepción de la Corrupción del sector público en Luxemburgo ha sido de 81 puntos, así pues, se encuentra entre los países con menos corrupción del mundo, al menos así lo creen los luxemburgueses. Gender gaps in the labour market are among the lowest across the OECD and thanks to overall sound policies and institutions, the financial sector remains competitive and has made inroads into new areas, such as fintech and green finance. Luxembourg's gross domestic product grew by just 0.2 percent on quarter in the three months to September 2019, following a downwardly revised 2.1 percent expansion in the previous period, as household consumption rose at a softer pace (0.1 percent vs 0.8 percent in Q2) while fixed investment was unchanged (vs 0.5 percent in Q2). The GDP value of Luxembourg represents 0.06 percent of the world economy. En las tablas de la parte inferior de la página puede ampliar información sobre la economía y demografía de Luxemburgo y si quiere ver información sobre cualquier otro país puede hacerlo desde economía países, Índice de Percepción de la Corrupción del sector público en Luxemburgo, COVID-19 - Muertos por millón habitantes [+], El IPC aumenta hasta el -0,2% en septiembre en Letonia, Las ventas al por menor ascienden en Brasil, En agosto de 2020 se elevó el Índice de Producción Industrial en España, Sube el Índice de Producción Industrial en agosto de 2020 en Alemania, Baja el Índice de Precios Industriales en septiembre de 2020 en Croacia, Sube el Índice de Producción Industrial en agosto de 2020 en Dinamarca, El Índice de Producción Industrial desciende hasta el -15,8% en agosto de 2020 en Luxemburgo, El Índice de Producción Industrial aumenta hasta el 8,3% en agosto de 2020 en Noruega, Baja el Índice de Producción Industrial en agosto de 2020 en República Checa, El IPC desciende hasta el -0,4% en septiembre en El Salvador, Las matriculaciones de turismos caen en Brasil en septiembre, Italia: las ventas minoristas sin cambios, El Índice de Producción Industrial aumenta hasta el -0,2% en agosto de 2020 en Hungría, Sube el Índice de Producción Industrial en agosto de 2020 en Suecia. Luxembourg Inflation Rate Edges Up to 0.7% in September, Luxembourg Jobless Rate Drops to 5-Month Low of 6.4%, Luxembourg Economy Contracts at Record Pace, Luxembourg Current Account Swings to Surplus in Q1, Luxembourg Posts Smallest Trade Gap in Over 3 Years, Luxembourg Producer Prices Fall for 9th Month, US Stocks Pare Gains on Stimulus Uncertainty, Tanzania September Inflation Rate at 1-1/2-Year Low of 3.1%, El Salvador Consumer Prices Continue to Fall in September. Press Release: Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity, Salle de Presse: Le Luxembourg a atteint des niveaux élevés de croissance et de bien-être mais doit faire davantage pour préserver et partager sa prospérité, Organisation for Economic Co-operation and Development (OECD), © Updated as of 2019. << /Filter /FlateDecode While the Luxembourg economy managed to remain resilient throughout 2018, the economic context slightly moderated throughout 2019. >> Higher recurrent taxes on real estate, based on up-to-date valuations reflecting the market price of the property, could also help to reduce the number of vacant dwellings. Strong population growth, mainly reflecting the number of foreign workers attracted by a buoyant economy, has kept housing demand growing for many years. The stock of social rental housing in Luxembourg is small, despite recent efforts by social rental management companies, and often not allocated to those who are most in need. %���� ������މ��R|Rz��D�yPM:4�i2�y��?^�H_//��+���˃�R���T�g�p�6�閫�QI���q%J�/�ǟ������W����A%3��#�W��? Stronger productivity growth also requires leading firms, those at the frontier, to become more innovative, through higher R&D investment and more widespread adoption of cutting-edge technologies. Luxembourg's economy shrank by 2.9 percent on quarter in the three months to March 2020, following a 0.4 percent expansion in the previous period, as the coronavirus crisis hit activity and demand. Although Luxembourg in tourist literature is aptly called the "Green Heart of E… In fact, the level of labour productivity in the economy as a whole (GDP per hour worked) is not only some 6% lower than its pre-crisis peak but is no higher than it was in the year 2000. Luxembourg, the only Grand Duchy in the world, is a landlocked country in northwestern Europe surrounded by Belgium, France, and Germany. Luxembourg Economy - overview. ?��gc�O�4�?��%��B��6�6���]_S��%��J)�^��"IS"�\ I am very pleased to be here today, together with Ministers Pierre Gramegna and Sam Tanson, to present the latest OECD Economic Survey of Luxembourg. This represents a downward revision from the latest forecast in June 2019 … It enjoys an exceptionally high degree of economic prosperity and an excellent quality of life, with most citizens enjoying a healthy work-life balance, good housing and supportive social connections. bʍmx|����dm�*4���!6ɭY0�mhnt H�tuA��`��"���zT����(��@��1���8Rs�u.%["� �tw�Pz�y2h.p���� ؃�� 7�j�5�ᑈ�x� ��Ř��YKE� t�\jt@8K=q.���DY� p �@(8p�`���>;�2 ��\�T] |�Č0�-��6��kH@�RZf'y���?���>{�;��R�)˄D� B]� z �֪g؊{w������3�n�'��v+|�>�������ƴ�No��|�"'�+�- ��T��S�WzyN�3�� ��7A�ߊ�o&5���6����:*��c��r�?` e�� Luxembourg's economy shrank by a record 7.2 percent from the previous period in the three-months to June 2020, compared to a revised 1.4 percent contraction in the previous quarter and entering a technical recession, as the COVID-19 crisis hit activity and demand. Luxembourg's economy grew by 0.4 percent on quarter in the three months to December 2019, following an upwardly revised 0.3 percent expansion in the previous period. GDP in Luxembourg averaged 21.36 USD Billion from 1960 until 2019, reaching an all time high of 71.10 USD Billion in 2019 and a record low of 0.70 USD Billion in 1961. Luxemburgo, con una población de 626.108 personas, tiene un altísimo porcentaje de inmigración, se encuentra además en la posición 165 de la tabla de población, compuesta por 196 países y tiene una densidad de población de 242 habitantes por Km2. New housing construction should therefore focus on increasing density, namely by constructing higher buildings, in particular around transport hubs. Hay algunas variables que pueden ayudarle a conocer algo más si va a viajar a Luxemburgo o simplemente quiere saber más sobre el nivel de vida de sus habitantes. endobj Dear Ministers, Dear Ambassador, Ladies and Gentlemen. Organisation for Economic, Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity, Le Luxembourg a atteint des niveaux élevés de croissance et de bien-être mais doit faire davantage pour préserver et partager sa prospérité. stream OECD Home Economy Luxembourg Economic Snapshot. In addition, government spending dropped by 0.3 percent (vs 1.4 percent in Q4), while both exports and imports fell sharply. Before I begin, I would like to thank their Ministries, the Ministry of Finance and the Ministry of Housing, for their support during the preparation of this Survey. Household consumption tumbled by 16.1 percent (vs -4.5 percent in Q1) and fixed investment fell by 5.6 percent (vs -18.9 percent in Q1). Luxembourg is seen as a diversified industrialized nation, contrasting the oil boom in Qatar, the major monetary source of the southwest Asian state. September 18, 2020 1995-2020 Data | 2021-2022 Forecast | Calendar. However, the external environment has become much less supportive and uncertainty is running high. Household consumption advanced 0.3 percent (vs 0.2 percent in Q3) and fixed investment jumped 4.7 percent (vs 0.5 percent in Q3). Household consumption slumped by 4.8 percent (vs 0.4 percent in Q4 2019) and fixed investment plummeted by 18.4 percent (vs 5.2 percent in Q4). /Pages 4 0 R Further reading. The Trading Economics Application Programming Interface (API) provides direct access to our data. Only about a quarter of firms in Luxembourg provide training to their workers to upgrade their ICT skills. Su deuda per cápita es de 22.381€ euros por habitante25.055$ dolares por habitante. Presentation. Luxembourg: Unemployment rate falls to five-month low in August.