Economic and social portrait of Luxembourg
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You will find a more recent review of Luxembourg's economic and social situation in the Statec's KALEIDOSCOPE. |
This “economic and social portrait” of Luxembourg
fulfils the need to provide the general public with a résumé,
summarising structural developments over recent years.
The first chapter features an overview of recent
economic development as well as factors
of growth and competitiveness and explains how these factors fit together.
The second part provides a more detailed description of changes in the fields
of demography,
employment,
the productive structure
and external economic
relations, with “spotlights”on
certain important or “buoyant”sectors such as financial
services, transport
and communications and business
services.
The recent emergence of the concept of “sustainable development” clearly shows
that economic, social and environmental issues are closely linked. Also,“human
development” cannot be understood very well purely from the aggregates of
national accounts. Therefore, the chapter on social
conditions has been filled out and expanded to take account of environmental
data in particular.
Generally speaking, a country’s peculiarities and specificities can be revealed
only through a comparative approach. In a
globalised world, an economy must constantly determine its position in relation
to other countries and regions with a comparable level of development. This
publication contains numerous indicators that should enable the reader to see
where Luxembourg stands in this comparison,
especially with regard to its competitiveness and attractiveness.
At the start of the 21st century, Luxembourg’s economy and society are facing
a new turn. The remarkable growth from 1985 to 2000 has given way to lower levels
of economic progress, and it’s impossible to say, on
publication of this document, whether this is simply a temporary swing or
whether we are heading for a prolonged period of reduced growth.The “economic
and social portrait” gives a general picture which will, we trust, be widely
accessible. It shows the key elements of the strengths and weaknesses with which
Luxembourg is facing the new challenges.
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