FANDOM


Country summary

Capital

Luxembourg

Borders

Belgium 148 km, France 73 km, Germany 138 km

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]

Index of Economic Freedom

14[2]

Corruption Perceptions Index

12[3]

Doing Business ranking

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 characteristicsEdit


StatisticsEdit

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

ReferencesEdit

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. 1.0 1.1 1.2 1.3 1.4 1.5 CIA - The World Facebook. "Luxembourg", from The World Facebook. Referenced 2010-09-29.
  2. 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.
  3. 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.
  4. 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.
  5. World Bank. "Luxembourg: GDP", from World Bank Data. Referenced 2010-09-29.
  6. World Bank. "Luxembourg: government debt", from World Bank Data. Referenced 2010-09-29.
  7. World Bank. "Luxembourg: government revenue", from World Bank Data. Referenced 2010-09-29.
  8. World Bank. "Luxembourg: government expenses", from World Bank Data. Referenced 2010-09-29.

External linksEdit

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