Japan should step up efforts to improve young people’s job prospects and reduce the share of 15-29 year-olds who are not in employment, education or training (the “NEETs”), according to a new OECD report.

The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.

Japan’s agriculture sector has traditionally been characterised by small-scale rice production, but has recently begun to respond to new market opportunities for higher value food products across a rapidly growing East Asia. Today, rice represents less than 20% of the value of agriculture production, and larger, more productive, and more profitable farm businesses now account for more than half of total agriculture output.

Private Debt To GDP in Luxembourg decreased to 485.07 percent in 2018 from 488.87 percent in 2017. Private Debt To GDP in Luxembourg averaged 351.89 percent from 1999 until 2018, reaching an all time high of 488.87 percent in 2017 and a record low of 165.68 percent in 2000. Private sector debt to GDP measures the indebtedness of both sectors, non-financial corporations and households and non-profit institutions serving households, as a percentage of GDP. This page provides - Luxembourg Private Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg recorded a government budget surplus of 1600 EUR Million in 2018. Government Budget Value in Luxembourg averaged 587.22 EUR Million from 1995 until 2018, reaching an all time high of 1600 EUR Million in 2018 and a record low of -358.40 EUR Million in 2004. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Luxembourg Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Luxembourg increased to 26788.30 EUR Million in 2018 from 24525.60 EUR Million in 2017. Government Revenues in Luxembourg averaged 15166.20 EUR Million from 1995 until 2018, reaching an all time high of 26788.30 EUR Million in 2018 and a record low of 6838.20 EUR Million in 1995. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Luxembourg Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg scored 80 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Luxembourg averaged 83.36 Points from 1995 until 2019, reaching an all time high of 90 Points in 2002 and a record low of 68.50 Points in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Luxembourg Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Luxembourg stands at 17 percent. Sales Tax Rate in Luxembourg averaged 15.57 percent from 2000 until 2020, reaching an all time high of 17 percent in 2015 and a record low of 15 percent in 2001. In Luxembourg, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Luxembourg. This page provides - Luxembourg Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Luxembourg increased to 1182739 EUR Million in November from 1166878 EUR Million in October of 2019. Banks Balance Sheet in Luxembourg averaged 1004696 EUR Million from 2001 until 2019, reaching an all time high of 1345434 EUR Million in October of 2008 and a record low of 711466 EUR Million in January of 2001. This page provides the latest reported value for - Luxembourg Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Luxembourg decreased 7.40 percent in November of 2019 over the same month in the previous year. Industrial Production in Luxembourg averaged 0.10 percent from 1980 until 2019, reaching an all time high of 10.80 percent in August of 1995 and a record low of -11.10 percent in January of 2000. In Luxembourg, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Luxembourg Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Luxembourg was worth 72.10 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Luxembourg represents 0.06 percent of the world economy. GDP in Luxembourg averaged 21.29 USD Billion from 1960 until 2019, reaching an all time high of 72.10 USD Billion in 2019 and a record low of 0.70 USD Billion in 1961. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Luxembourg GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Luxembourg was estimated at 0.6 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Luxembourg had a population of 0.3 million people. The population of Luxembourg represents 0.01 percent of the world´s total population which arguably means that one person in every 13423 people on the planet is a resident of Luxembourg. This page provides - Luxembourg Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Luxembourg expanded 3.10 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Luxembourg averaged 3.50 percent from 1996 until 2019, reaching an all time high of 12.10 percent in the first quarter of 2000 and a record low of -7 percent in the second quarter of 2009. On the expenditure side, external balance of exports and imports is the main component of GDP and accounts for 35 percent of its total use, as exports of goods and services account for 200 percent while imports account for 165 percent. It is followed by household consumption (30 percent of GDP) gross fixed capital formation (18 percent) and government expenditure (17 percent). This page provides - Luxembourg GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hospital Beds in Luxembourg decreased to 4.51 per 1000 people in 2018 from 4.66 per 1000 people in 2017. Hospital Beds in Luxembourg averaged 5.30 per 1000 people from 2004 until 2018, reaching an all time high of 6.39 per 1000 people in 2004 and a record low of 4.51 per 1000 people in 2018. This page includes a chart with historical data for Luxembourg Hospital Beds.

Hospitals in Luxembourg decreased to 16.45 per one million people in 2018 from 16.77 per one million people in 2017. Hospitals in Luxembourg averaged 23.79 per one million people from 2005 until 2018, reaching an all time high of 30.10 per one million people in 2005 and a record low of 16.45 per one million people in 2018. This page includes a chart with historical data for Luxembourg Hospitals.

Medical Doctors in Luxembourg increased to 3.31 per 1000 people in 2017 from 3.10 per 1000 people in 2016. Medical Doctors in Luxembourg averaged 3.02 per 1000 people from 2004 until 2017, reaching an all time high of 3.31 per 1000 people in 2017 and a record low of 2.72 per 1000 people in 2004. This page includes a chart with historical data for Luxembourg Medical Doctors.

Nurses in Luxembourg remained unchanged at 11.98 per 1000 people in 2017 from 11.98 per 1000 people in 2016. Nurses in Luxembourg averaged 11.78 per 1000 people from 2007 until 2017, reaching an all time high of 12.28 per 1000 people in 2012 and a record low of 10.83 per 1000 people in 2007. This page includes a chart with historical data for Luxembourg Nurses.

The Consumer Price Index in Luxembourg decreased 0.65 percent in March of 2020 over the previous month. Inflation Rate Mom in Luxembourg averaged 0.16 percent from 1995 until 2020, reaching an all time high of 1.90 percent in February of 2013 and a record low of -1.66 percent in January of 1999. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Luxembourg Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

ICU Beds in Luxembourg averaged 430.98 per 100K people from 2004 until 2015, reaching an all time high of 502.28 per 100K people in December of 2004 and a record low of 395.70 per 100K people in December of 2012. This page includes a chart with historical data for Luxembourg ICU Beds.

Housing Index in Luxembourg increased to 137.56 points in the fourth quarter of 2019 from 134.37 points in the third quarter of 2019. Housing Index in Luxembourg averaged 94.83 points from 2007 until 2019, reaching an all time high of 137.56 points in the fourth quarter of 2019 and a record low of 72.67 points in the first quarter of 2007. In Luxembourg, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Luxembourg House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Luxembourg increased to 6.10 percent in March from 5.50 percent in February of 2020. Unemployment Rate in Luxembourg averaged 3.79 percent from 1982 until 2020, reaching an all time high of 7.20 percent in May of 2014 and a record low of 1.40 percent in March of 1991. In Luxembourg, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Luxembourg Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment Rate in Luxembourg remained unchanged at 67.90 percent in the fourth quarter of 2019 from 67.90 percent in the third quarter of 2019. Employment Rate in Luxembourg averaged 64.06 percent from 1992 until 2019, reaching an all time high of 68.30 percent in the second quarter of 2019 and a record low of 58.50 percent in the second quarter of 1995. In Luxembourg, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Luxembourg Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Luxembourg decreased to 100.24 points in April of 2020 from 101.69 points in March of 2020. CPI Transportation in Luxembourg averaged 101.90 points from 2015 until 2020, reaching an all time high of 105.94 points in January of 2020 and a record low of 98.21 points in February of 2016. This page provides - Luxembourg Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Luxembourg decreased to 103.52 points in April from 105.45 points in March of 2020. Cpi Housing Utilities in Luxembourg averaged 101.92 points from 2015 until 2020, reaching an all time high of 107.16 points in January of 2020 and a record low of 97.48 points in April of 2016. This page provides - Luxembourg Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Luxembourg recorded 3871 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Luxembourg reported 100 Coronavirus Deaths. This page includes a chart with historical data for Luxembourg Coronavirus Cases.

Luxembourg recorded 100 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Luxembourg reported 3871 Coronavirus Cases. This page includes a chart with historical data for Luxembourg Coronavirus Deaths.

Luxembourg recorded 3526 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Luxembourg reported 100 Coronavirus Deaths. This page includes a chart with historical data for Luxembourg Coronavirus Recovered.

The number of employed persons in Luxembourg decreased to 473495 in March of 2020 from 474220 in February of 2020. Employed Persons in Luxembourg averaged 333578.55 from 1995 until 2020, reaching an all time high of 474467 in November of 2019 and a record low of 211007 in January of 1995. In Luxembourg, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Luxembourg Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.

Austria has a higher share of immigrants in the total working-age population than many other OECD countries. At the same time, the framework for integration policy is less developed than in a number of other OECD countries. These are among the main findings of this review.

This publication reviews the labour market integration of immigrants and their children in three OECD countries (Austria, Norway and Switzerland) and provides country-specific recommendations. It also includes a summary chapter highlighting common challenges and policy responses. It is the third and last in a series which has covered eleven OECD countries.

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

Environmental goods and services are now a bigger driver of Austria’s economy and job market than traditionally strong sectors like tourism and construction, thanks to the government’s policy of subsidising green investments, a new OECD report shows.

This publication analyses the reform and the Austrian labour migration management system in international comparison.

Water resources allocation determines who is able to use water resources, how, when and where. Capturing information from 27 OECD countries and key partner economies, the report presents key findings from the OECD Survey of Water Resources Allocation and case studies of successful allocation reform.

This paper looks at the application of behavioural economics in the area of financial consumer protection and how numerous governments are testing and implementing its application for policies promoting financial consumer protection. It highlights the opportunity for behavioural economics to help provide cost-efficient ways of making policy more effective at promoting positive outcomes for consumers.

Behavioural insights have the potential to enhance the effectiveness of financial literacy and investor education initiatives. This IOSCO/OECD report explores the extent to which they are being used, reviews the available literature and presents various approaches for policy makers and practitioners to consider when seeking to change financial behaviour.

Standard & Poor's credit rating for Luxembourg stands at AAA with stable outlook. Moody's credit rating for Luxembourg was last set at Aaa with stable outlook. Fitch's credit rating for Luxembourg was last reported at AAA with stable outlook. DBRS's credit rating for Luxembourg is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Luxembourg thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Luxembourg as reported by major credit rating agencies.

The global crisis led to a smaller increase in the unemployment rate than in most other OECD countries as employment has been sustained through intensive use of reduced working time schemes.

Fighting foreign bribery is not a priority in Belgium. Together with the flagrant lack of resources for Belgian law enforcement authorities, this has resulted in very few foreign bribery investigations and prosecutions. In the 14 years since the entry into force of the foreign bribery offence in Belgium, only one case of bribery of foreign public officials has been concluded.

Capacity Utilization in Luxembourg decreased to 53.80 percent in the second quarter of 2020 from 83.40 percent in the first quarter of 2020. Capacity Utilization in Luxembourg averaged 79.75 percent from 1985 until 2020, reaching an all time high of 88.20 percent in the first quarter of 2007 and a record low of 53.80 percent in the second quarter of 2020. This page provides - Luxembourg Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Luxembourg in Turkey increased to 11083.08 USD THO in March from 7153.77 USD THO in February of 2020. Imports from Luxembourg in Turkey averaged 12290.26 USD THO from 2014 until 2020, reaching an all time high of 104764 USD THO in January of 2015 and a record low of 6104.71 USD THO in June of 2019. This page includes a chart with historical data for Turkey Imports from Luxembourg.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

The strength of the German labour market response to the financial crisis of 2008-09 demonstrated the benefits of past labour market reforms, which raised work incentives, improved job matching and increased working hour flexibility.

This paper explores the growing importance of intangible assets as a potential source of innovation and productivity gains, and the contribution of efficient resource allocation to this process.

The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting that some countries are more successful at channelling resources to high productivity firms than others.

The euro area crisis finds its roots in the credit booms seen in many countries following the introduction of the euro in 1999. Easy credit led to strong growth in a range of sectors, notably housing, as well as higher levels of public spending. Inflation in these over-heating economies was higher than the euro area as a whole. Rising prices led to rising costs and a loss of international competitiveness.

The global crisis led to a smaller increase in the unemployment rate than in most other OECD countries as employment has been sustained through intensive use of reduced working time schemes.