Luxembourg
| Country summary | |
|---|---|
|
Capital |
Luxembourg |
|
Borders |
|
|
Government type |
constitutional monarchy |
|
Population |
491,775 (July 2010 est.)[1] |
|
Population growth |
1.172% (2010 est.)[1] |
|
Life expectancy |
79.33 years[1] |
|
Unemployment |
5.9% (2009 est.)[1] |
|
14[2] | |
|
12[3] | |
|
64[4] | |
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. Full independence was attained in 1867. 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 European Economic Community (later the European Union), and in 1999 it joined the euro currency area.[1]
Economical characteristics
- Currency: Euro (ISO code: EUR)
- Central bank discount rate: 3% (31 December 2008)[1]
- is part of the Eurozone
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[5] | 21 188 | 20 269 | 20 199 | 22 579 | 29 158 | 34 169 | 37 604 | 42 556 | 49 835 | 53 704 |
| Govt. debt (% of GDP)[6] | 4.881 | 4.700 | 3.849 | 4.046 | 3.602 | 4.394 | 4.763 | |||
| Govt. revenue (% of GDP)[7] | 38.758 | 39.804 | 40.593 | 39.784 | 38.527 | 38.258 | 38.616 | 37.214 | 38.112 | |
| Govt. expenses (% of GDP)[8] | 35.019 | 33.806 | 35.444 | 36.348 | 37.009 | 38.248 | 37.028 | 34.790 | 34.127 | |
| Debt to revenue (years) | 0.120 | 0.118 | 0.100 | 0.106 | 0.093 | 0.118 | 0.125 |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 CIA - The World Factbook. "Luxembourg", from The World Factbook. Referenced 2010-09-29.
- ↑ Heritage Foundation. "Luxembourg", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
- ↑ Transparency International. "Luxembourg", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-29.
- ↑ Doing Business. "Luxembourg", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
- ↑ World Bank. "Luxembourg: GDP", from World Bank Data. Referenced 2010-09-29.
- ↑ World Bank. "Luxembourg: government debt", from World Bank Data. Referenced 2010-09-29.
- ↑ World Bank. "Luxembourg: government revenue", from World Bank Data. Referenced 2010-09-29.
- ↑ World Bank. "Luxembourg: government expenses", from World Bank Data. Referenced 2010-09-29.
Links
- Luxembourg on Wikipedia
- Central bank of Luxembourg
- BBC country profile
