Attribute | Value |
---|---|
Geography | |
Area | 2,586 km² |
Continent | Europe |
Land area | 2,586 km² |
Water area | 0 km² |
Land boundaries | 327 km |
Border countries |
|
Coastline | 0 km |
Mean elevation | 325 m |
Lowest point | 133 m |
Highest point | 559 m |
People | |
Population | 628,381 |
Official languages |
|
Religion | Christian |
Government | |
Long country name | Grand Duchy of Luxembourg |
Short country name | Luxembourg |
Long local name | Grand Duche de Luxembourg |
Short local name | Luxembourg |
Former name | Add |
Government type | Constitutional monarchy |
Capital | Luxembourg |
Economy | |
GDP (PPP) | 62,110,000,000 USD |
GDP (OER) | 62,530,000,000 USD |
GDP (real growth rate) | 2.3 % |
GDP - per capita (PPP) | 105,100 USD |
Gross national saving | 22.3 % of GDP |
Labor force | 282,800 |
Unemployment rate | 5.8 % |
Population below poverty line | Add |
Budget revenues | 27,750,000,000 USD |
Budget expenditures | 26,800,000,000 USD |
Military expenditures | 0.56 % of GDP |
Taxes and other revenues | 44.4 % of GDP |
Budget surplus or deficit | 1.5 % of GDP |
Public debt | 23 % of GDP |
Inflation rate | 2.1 % |
Central bank discount rate | 0 % |
Commercial bank prime lending rate | 1.9 % |
Stock of narrow money | 275,600,000,000 USD |
Stock of broad money | 275,600,000,000 USD |
Stock of domestic credit | 128,500,000,000 USD |
Market value of publicly traded shares | 47,130,000,000 USD |
Current account balance | 3,112,000,000 USD |
Exports | 15,990,000,000 USD |
Imports | 20,660,000,000 USD |
Reserves of foreign exchange and gold | 878,000,000 USD |
External debt | 3,781,000,000,000 USD |
National currency | euros |
National currency (code) | EUR |
National currency (symbol) | € |
National currency rate to USD | 0.885 |
Founded in 963, Luxembourg became a grand duchy in 1815 and an independent state under the Netherlands. It lost more than half of its territory to Belgium in 1839 but gained a larger measure of autonomy. In 1867, Luxembourg attained full independence under the condition that it promise perpetual neutrality. Overrun by Germany in both world wars, it ended its neutrality in 1948 when it entered into the Benelux Customs Union and when it joined NATO the following year. In 1957, Luxembourg became one of the six founding countries of the EEC (later the EU), and in 1999 it joined the euro currency zone.