By 2080, the number of inhabitants should reach 1,061,377, a figure which was revised down from an earlier projection (1,287,296) because of an anticipated migratory slowdown.

The population will continue to grow, but at a slower rate than in recent years. It still means there will be an 85% growth over the next 65 years.

Migration coupled with a favourable economic situation has always been a major driving force of Luxembourg’s population. It accounted for an increase of 11,159 residents in 2015.

However, immigration's impact is expected to lessen by 2080 when it is projected to bring just 3,469 new residents, a report published by statec said in a report on 28 March.

Meanwhile, EU population rates are expected to stagnate with 15 countries seeing their populations shrink over the next 63 years, among them will be Germany (-5.3%), Italy (-11.5%) and Lithuania (-42.6%).

Luxembourg has experienced a steady population growth since the beginning of industrialisation. In 1900, Luxembourg counted 200,000 inhabitants while on 1 January, 2017, it had 584,103.

Its strongest growth period was the 30 years from 1980 to 2010 when the population grew by 147,000 people, mainly as a result of immigration.