Notes

1. This publication is being released at a time when great uncertainty regarding the global situation is weighing heavily on Luxembourg’s economic prospects. There has been a marked change in climate in Luxembourg. GDP growth (in volume) fell from 8.9 % in 2000 to 1 % in 2001. At the time of publication, STATEC forecasts are banking on GDP growth of 0.5 % for 2002 and 2 % for 2003. In this document, it has not been possible to carry out a detailed analysis of the impact of this current decline on Luxembourg’s economy, especially as the statistical data for 2002 is still incomplete. In fact, 2001 is the most recent year included in most of the charts and tables. The publication deals mainly with the development of economic structures since 1985. Recent economic events are referred to only where they represent changes likely to affect future developments.
2. In this “economic and social” portrait, particular emphasis has been placed on comparative aspects, which should make it possible to position Luxembourg’s economic development in relation to other European countries. As there is often a two-to-three year delay in publication of the comparative and harmonised statistics by EUROSTAT and the OECD, many comparative tables and charts relate to the year 2000, and in some cases 1999. As regards the comparative statistics, the document deliberately confines itself to structural social and economic indicators relating to Luxembourg’s economy and society which are unlikely to be deeply affected by short-term changes.

Impressum

This publication has been produced with the support of Luximage (Information and Press Service
of the Luxembourg Government and Ministry of Foreign Affairs)