Imports$26.27 billion (2011 est.)
Exports$19.9 billion (2011 est.)
Inflation rate (consumer prices)3.4% (2011 est.)
Unemployment rate5.9% (2011 est.)
GDP - per capita (PPP)$81,100 (2011 est.)
National product real growth rate3.2% (2010 est.)
Internet users424,500 (2009)
Telephones - mobile cellular727,000 (2009)
Population growth rate1.135% (2012 est.)
Population509,074 (July 2012 est.)
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....
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....
GDP growth is expected to slow slightly this year to 2.6%, as the 2% point VAT hike at the start of the year dampens consumer spending and new EU VAT rules hit e-commerce trading. But as the Eurozone grows ...
The Economist Intelligence Unit
Outlook for 2015-16 The coalition government of the centre-right Democratic Party (DP) and two left-of-centre parties, the Socialist Workers' Party (LSAP) and the Green Party, is expected to serve out ...
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