Luxembourg
3.1 General
Luxembourg, officially the Grand Duchy of Luxembourg (Luxembourgish: Groussherzogtum Lëtzebuerg, French: Grand-Duché de Luxembourg, German: Großherzogtum Luxemburg), is a landlocked country in Western Europe, bordered by Belgium, France and Germany. Luxembourg has a population of over half a million people in an area of approximately 2,586 square kilometres (999 sq mi).
Luxembourg is a parliamentary representative democracy with a constitutional monarch; it is ruled by a Grand Duke. It is the world's only remaining sovereign Grand Duchy. The country has a highly developed economy, with the highest Gross Domestic Product per capita in the world as per IMF and WB. Its historic and strategic importance dates back to its founding as a Roman era fortress site and Frankishcount's castle site in the Early Middle Ages. It was an important bastion along the Spanish Road when Spain was the principal European power influencing the whole western hemisphere and beyond in the 16th and 17th centuries.
Luxembourg is a founding member of the European Union, NATO, OECD, the United Nations, Benelux, and the Western European Union, reflecting the political consensus in favour of economic, political, and military integration. Luxembourg was one of the first countries to adopt the euro. The city of Luxembourg, the country’s capital and largest city, is the seat of several institutions and agencies of the European Union.
3.2 Economy in Luxembourg
Luxembourg’s stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - features solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 28% of GDP, has more than compensated for the decline in steel.
Find more on:
- This website informs on the tasks and organisation of the national statistical institute of Luxembourg. Statistical data published by STATEC or other public bodies is available on the Statistics Portal of Luxembourg. The English version of STATEC's website is still limited. You will find more in-depth information in the French version of this site. http://www.statec.public.lu/en/
- Economic indicators from Luxemburg:
http://earthtrends.wri.org/pdf_library/country_profiles/eco_cou_442.pdf - His stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - features solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 28% of GDP, has more than compensated for the decline in steel. http://www.nationmaster.com/country/lu-luxembourg/eco-economy
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