IFED
For Governments& ChambersFor Banks& InvestorsFor Corporates& SMEsFor Philanthropists& RoyaltyFor Start-Ups& YouthIntelligence Centre

    Luxembourg

    Continent
    Europe
    Capital
    Luxembourg
    Population
    671,254
    Sub-Zones
    12
    General Information
    Basic details about Luxembourg
    Population:
    671,254
    Area:
    2,586 sq km
    Currency:
    euros
    Languages:
    Luxembourgish, judicial, and national language) 48.9, Portuguese 15.4, French, judicial, and legislative language) 14.9, Italian 3.6, English 3.6, German
    Economic Overview
    Key economic indicators for Luxembourg
    GDP:
    $88.533 billion
    GDP per Capita:
    $132,800
    GDP Growth:
    -1.1%
    Inflation:
    3.74%
    Unemployment:
    5.19%
    Public Debt:
    23% of GDP
    Credit Rating:
    AAA (1994)
    Political System
    Governance structure of Luxembourg
    Government Type:
    constitutional monarchy
    Head of State:
    Grand Duke HENRI (since 7 October 2000)
    Head of Government:
    Prime Minister Luc FRIEDEN (since 17 November 2023)
    Judiciary:
    Supreme Court of Justice includes Court of Appeal and Court of Cassation (consists of 27 judges on 9 benches); Constitutional Court (consists of 9 members)
    Administrative Divisions:
    12 cantons (cantons, singular - canton); Capellen, Clervaux, Diekirch, Echternach, Esch-sur-Alzette, Grevenmacher, Luxembourg, Mersch, Redange, Remich, Vianden, Wiltz

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    Yes
    Diplomatic Presence:
    2200 Massachusetts Avenue NW, Washington, DC 20008

    Major Alliances and Organizations

    EUNATOOECD
    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    0.2% (2023 est.)
    Industry
    10.5% (2023 est.)
    Services
    80.6% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $176.717 billion
    Imports:
    $148.717 billion

    Major Trading Partners

    Germany 18
    France 15
    Belgium 8
    Netherlands 7
    Italy 6

    Economic Outlook

    Luxembourg has a -1.1% GDP growth rate with 3.74% inflation. The economy is characterized by a strong agriculture sector.