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Luxembourg

Luxembourg : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$26.27 billion (2011 est.)
$22.1 billion (2010 est.)

Exports

$19.9 billion (2011 est.)
$16.66 billion (2010 est.)

Inflation rate (consumer prices)

3.4% (2011 est.)
2.3% (2010 est.)

Unemployment rate

5.9% (2011 est.)
6% (2010 est.)

GDP - per capita (PPP)

$81,100 (2011 est.)
$81,600 (2010 est.)
$80,900 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3.2% (2010 est.)
-3.7% (2009 est.)
1.4% (2008 est.)

Internet users

424,500 (2009)

Telephones - mobile cellular

727,000 (2009)

Population growth rate

1.135% (2012 est.)

Population

509,074 (July 2012 est.)

Historical background

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.

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Luxembourg

Economic overview

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 28% of GDP, has more than compensated for the decline in steel.

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Dun and Bradstreet (Altares)

D&B Country Insight Report: Luxembourg

D&B Country Insight Report: Luxembourg

  • $ 650
  • Country report
  • June 2016
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...

  • Countries : World, Luxembourg

Oxford Economics

Country Economic Forecasts > Luxembourg

Country Economic Forecasts > Luxembourg

  • $ 185
  • Country report
  • August 2016
  • by Oxford Economics

Despite strong levels of consumer confidence in early 2016, consumer spending surprisingly declined by 1.0% in Q1, which has led us to nudge down our 2016 GDP forecast to 3.4% from 3.5% previously. But ...

  • Countries : Luxembourg, Europe

The Economist Intelligence Unit

Country Report Luxembourg 1st Quarter 2016

Country Report Luxembourg 1st Quarter 2016

  • $ 285
  • Country report
  • March 2016
  • by The Economist Intelligence Unit

Outlook for 2016-17 The governing coalition of the Democratic Party (DP), the Socialist Workers' Party (LSAP) and the Green Party-which ousted the dominant Christian Social Party (CSV) at the 2013 polls-is ...

  • Countries : Europe, Luxembourg

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