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Location:

Western Europe, between France and Germany

 

Area:

2,586 sq km (999 sq miles).
 

 

 

Population:

480,222 (CIA estimate 2007).
 

 

Capital :

Luxembourg-Ville. Population: 82,000 (2005).
 

 

Description:

The Grand Duchy of Luxembourg shares borders to the north and west with Belgium, to the south with France and to the east with Germany. One-third of the country is made up of the hills and forests of the Ardennes, while the rest is wooded farmland. In the southeast is the rich wine-growing valley of Moselle. The capital, Luxembourg-Ville, is built on a rock overlooking the Alzette and Petrusse valleys.
 

 

Climate:
Warm weather from May to September and snow likely during winter months. The north (the Ardennes region) tends to be wetter and colder than the south

 

 

Languages:

Luxembourgish (national language), German (administrative language), French (administrative language)

 

Map of Luxembourg

Economy - overview:

Luxembourg is one of the most prosperous countries in Western Europe. Two very different industries (banking and steel) have historically been the mainstays of the economy. The steel industry has ceased to be so dominant as other industries, notably chemicals, rubber, plastics, metal products and light manufacturing have prospered.
The banking and finance sector is also in a healthy condition: companies originally attracted to Luxembourg by favourable banking secrecy laws and low taxation have prospered despite the gradual harmonisation of taxes and tariffs across the EU. There is also a small but healthy agricultural sector mainly producing crops.
In 2006, growth was 6.2%, with inflation at 2.7% and unemployment was 4.1%. The Luxembourgeois economy has long been linked with that of Belgium, initially through the 1921 economic union, supplemented by a further treaty in 1958 and latterly, by mutual membership of the EU. Luxembourg was an inaugural adopter of the Euro at the beginning of 1999.

Economy:

Luxembourg is one of the most prosperous countries in Western Europe. Two very different industries (banking and steel) have historically been the mainstays of the economy. The steel industry has ceased to be so dominant as other industries, notably chemicals, rubber, plastics, metal products and light manufacturing have prospered.
The banking and finance sector is also in a healthy condition: companies originally attracted to Luxembourg by favourable banking secrecy laws and low taxation have prospered despite the gradual harmonisation of taxes and tariffs across the EU. There is also a small but healthy agricultural sector mainly producing crops.
In 2006, growth was 6.2%, with inflation at 2.7% and unemployment was 4.1%. The Luxembourgeois economy has long been linked with that of Belgium, initially through the 1921 economic union, supplemented by a further treaty in 1958 and latterly, by mutual membership of the EU. Luxembourg was an inaugural adopter of the Euro at the beginning of 1999.

 

Industries:

banking, iron and steel, food processing, chemicals, metal products, engineering, tires, glass, aluminum

 

Exports:

Machinery and equipment, steel products, chemicals, rubber products and glass.

Imports:

Minerals, metals, food and quality consumer goods.

• Main trade partners: Germany, Belgium, France, China and UK.

Exchange rates:

Euro (€) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents
http://www.worldtravelguide.net/country/152/money/Europe/Luxembourg.html


GDP :
US$34.5 billion (2006).

 

Useful links:

 

 

 

 

  Copyright By :  Kish Trade Promotion Center  2002