About Luxembourg
Quick Facts
- Population
- 514,862 (July 2013 est.)
- Area
- 2,586 sq km
- ISO Code
- LU
- Continent
- Europe
- Government
- constitutional monarchy
- Active Causes
- 12
Europe
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modified continental with mild winters, cool summers
mostly gently rolling uplands with broad, shallow valleys; uplands to slightly mountainous in the north; steep slope down to Moselle flood plain in the southeast
iron ore (no longer exploited), arable land
air and water pollution in urban areas, soil pollution of farmland
Luxembourgish (national language), German (administrative language), French (administrative language)
Roman Catholic 87%, other (includes Protestant, Jewish, and Muslim) 13% (2000)
7.8% of GDP (2010) of GDP
3.8% of GDP (2001) of GDP
This small, stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - has historically featured 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 27% of GDP, has more than compensated for the decline in steel. Most banks are foreign-owned and have extensive foreign dealings, but Luxembourg has lost some of its advantages as a favorable tax location because of O...
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