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Summary

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Notes
Impressum
Introduction
Recent economic development
1.1. Growth of the Luxembourg economy
1.1.1. Development of gross domestic product (GDP)
1.1.2. A medium-term perspective on the 2001/2002 economic downturn
1.1.3. « Wealth » per capita
1.1.4. Prices, wages and salaries
1.2. Factors of growth and competitiveness
1.2.1. The availability and efficiency of resource allocation
1.2.1.1. Production structure: the predominant sector
1.2.1.2. Physical capital: sustained investment
1.2.1.3. Labour and demography: the essential contribution of foreign labour
1.2.1.4. Productivity and labour costs
1.2.2. Contextual factors
1.2.2.1. Economic integration
1.2.2.2. The role of public authorities
1.2.2.3. The social context
1.2.2.4. Growth, competitiveness and prosperity: a “virtuous spiral”
Economic structures
2.1. Residential population,working population and employment
2.1.1. Population
2.1.2. Employment
2.2. Productive structure
2.2.1. From industrial economy to service economy:an overview
2.2.1.1. Radical and rapid changes
2.2.1.2. End result: an economy largely dominated by services
2.2.1.3. Dynamic sectors and sectors in relative decline
2.2.1.4. Imposed changes and intentional changes
2.2.1.5. A diversified economy, despite the financial sector’s dominance
2.2.2. Spotlights
2.2.2.1. The financial sector: the heart of the Luxembourg economy
2.2.2.2. Information technology,business services and leisure businesses:job creators
2.2.2.3. Transport and communications:emergence of telecommunications and air transport
2.2.2.4. A diversified,high-performance industrial sector
2.3. External economic relations
Social system
3.1. Wages and salaries
3.2. Standard of living and living conditions
3.3. Social security


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