The production value of the manufacturing industry in Luxembourg decreased by 1.2 billion euros in 2020 in comparison to the previous year. Therefore, the production value declined to 10.2 billion euros in 2020.
The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. Find more statistics on the manufacturing industry in Luxembourg with key insights such as personnel costs.
Annual production value of the manufacturing sector in Luxembourg from 2011 to 2020
(in million euros)
p: Provisional value. The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value. Data coverage corresponds to Section C of NACE Rev2.
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Eurostat. (February 3, 2022). Annual production value of the manufacturing sector in Luxembourg from 2011 to 2020 (in million euros) [Graph]. In Statista. Retrieved August 14, 2022, from https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat. "Annual production value of the manufacturing sector in Luxembourg from 2011 to 2020 (in million euros)." Chart. February 3, 2022. Statista. Accessed August 14, 2022. https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat. (2022). Annual production value of the manufacturing sector in Luxembourg from 2011 to 2020 (in million euros). Statista. Statista Inc.. Accessed: August 14, 2022. https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat. "Annual Production Value of The Manufacturing Sector in Luxembourg from 2011 to 2020 (in Million Euros)." Statista, Statista Inc., 3 Feb 2022, https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/
Eurostat, Annual production value of the manufacturing sector in Luxembourg from 2011 to 2020 (in million euros) Statista, https://www.statista.com/statistics/422571/production-value-manufacturing-industry-luxembourg/ (last visited August 14, 2022)
