Luxembourg

Luxembourg is country of Europe located in central Europe.

Details

Official Name:Grand Duchy of Luxembourg
Capital:Luxembourg
Total area:2 586 km2
GDP per capita:$107,206
Native Language:French, German, Luxembourgish
Government:Unitary parliamentary constitutional monarchy
Population:537,853
Major Religion:Roman Catholicism
Monetary Unit:Euro (EUR)

The Grand Duchy of Luxembourg is a small country surrounded by Belgium, France and Germany, and its history has been inextricably linked with that of its larger neighbours. It is largely made up of rolling hills and forests.

Luxembourg has been under the control of many states and ruling houses in its long history, but it has been a separate, if not always autonomous, political unit since the 10th century. Today, Luxembourg is a hereditary Grand Duchy with a unicameral parliamentary system.

Luxembourgish, the national language, is akin to German. German is the first foreign language for most Luxembourgers and is used in the media. French is the administrative language.

The economic structure of Luxembourg is based mainly in banking, insurance, and the steel industry. Agriculture and wine production are also important.

Many of Luxembourg's speciality dishes are of the type one would expect in a forested country. They include jugged hare and Ardennes ham. Trout and pike, fresh from the country’s rivers, also feature regularly on menus here.

Luxembourg shares the Moselle valley with Germany and the local white wines are well known and popular. Like other northern European countries, Luxembourg also produces popular brands of beer.

Health & Welfare

Extensive social benefits program for all citizens including free drugs, free prescriptions, choice of provider, and other benefits.

Economy & Jobs

Banking, manufacturing, and tourism.

Main Attractions

Luxembourg City, Ardennes region, Moselle Valley.

Economy

Luxembourg's stable and high-income market economy features moderate growth, low inflation, and a high level of innovation. Unemployment is traditionally low, although it had risen to 6.1% by May 2012, due largely to the effect of the 2008 global financial crisis. Consequently, Luxembourg's economy is forecast to have negligible growth in 2012. In 2011, according to the IMF, Luxembourg was the second richest country in the world, with a per capita GDP on a purchasing-power parity (PPP) basis of $80,119. Luxembourg is ranked 13th in the Heritage Foundation's Index of Economic Freedom, 24th in the United Nations Human Development Index, and 4th in the Economist Intelligence Unit's quality of life index.