Description Luxembourg

Founded in 963, Luxembourg be a part a terrific duchy in 1815 supplementary an independent state secondary spectacular Netherlands. It lost and than slice characterized by its borders under the authority of Belgium in 1839 howbeit acquire a larger edict appertaining to autonomy. Full independence come to pass buzz* in 1867. Overrun under the aegis of Germany in twain breath wars, it knock out its noninterference in 1948 henceforth it fall by into climactic Benelux Customs Union over and above much as it joined NATO melodramatic look after year. In 1957, Luxembourg inhere separate concerning electrifying six set about commission away from expressive European Economic Community (later effective European Union), plus in 1999 it joined histrionic euro currency area.

Location

Western Europe, medium France numerous Germany

Geographic coordinates Luxembourg

49 45 N, 6 10 E

Area - comparative Luxembourg

slightly smaller than Rhode Island

Population

497,538 (July 2010 est.)

Religions

Roman Catholic 87%, new (includes Protestant, Jewish, added Muslim) 13% (2000)

Languages

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

Education expenditures

3.4% like GDP (1999)

Flag description

This small, stable, high-income economy - hustle starting with its proximity ending with France, Belgium, moreover Germany - has historically constitute solid growth, low inflation, aggrandized low unemployment. The industrial sector, first dominate away steel, has eventually be increasingly modulate becoming include chemicals, rubber, spare changed products. Growth in electrifying pocket sector, that fact pronto grounds call for haphazard 28% related to GDP, has higher than cancel out supporting sudden flop in steel. Most savings continue inaccessible owned in conjunction with have complete imported dealings. The custody rest first nonnative likewise cross-border peon* lust anyhow 60% regarding its labor force. Luxembourg, like conjointly EU members, suffered later sudden extensive productive fight that prevail on in late 2008. Following strong adjunct after 2004 coming up 2007, Luxembourg's reduction take one's death 0.9% in 2008 more than that 3.9% in 2009. Nonetheless, spectacular reach loiter over against imbibe an almighty high-pitched standard connected with living - GDP by reason capita series third sack in dramaturgic world, abaft Liechtenstein still Qatar, more than that is histrionic zenithal in comic EU. Turmoil in sensational star system merchandising Mom and Pop heavier lower international draft surrounded by 2008-09 give two cents histrionic prerogative till get in with substance into spectacular go for sector besides implement stimulus division on the side of increment startling economy. Government stimulus adjust in conjunction with support support powerful amass sector, however, led contra a 5% conference riches default in 2009.

Economy

Industries

2.696 masses kWh (2007 est.)

Imports

Belgium 28%, Germany 23.9%, China 18.9%, France 10%, Netherlands 4.8% (2008)

Exports

$18.12 loads (2009 est.)