THE GRAND DUCHY OF LUXEMBOURG, CAPITAL LUXEMBOURG
Luxemburg is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south. Luxembourg had a population of 524,853 in October 2012 and has an area of 2,586 square kilometers (998 sq. mi), making it one of the smallest sovereign nations in Europe. The city of Luxembourg, which is the capital and largest city, is the seat of several institutions and agencies of the EU.
As a representative democracy with a constitutional monarch, it is headed by a grand duke, Henri, Grand Duke of Luxembourg, and is the world’s only remaining grand duchy.Three languages are recognized as official in Luxembourg: French, German, and Luxembourgish.Luxembourg has an oceanicclimate, marked by high precipitation, particularly in late summer.The summers are cool and winters mild.
Luxembourg is a founding member of the European Union, NATO, OECD, the United Nations, and Benelux, reflecting its political consensus in favour of economic, political, and military integration.
On 18 October 2012, Luxembourg was elected to a temporary seat on the United Nations Security Council for the first time in its history. The country served on the Security Council from 1 January 2013 until 31 December 2014.
The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Luxembourgers enjoy the second highest per capita gross domestic product in the world (CIA 2007 est.), behind Qatar. Luxembourg is seen as a diversified industrialized nation, contrasting the oil boom in Qatar, the major monetary source of that nation.
Luxembourg is a developed country, with an advanced economy and the world’s second highest GDP (PPP) per capita, according to the World Bank. In 2013 the GDP was $60.54 billion of which services, including the financial sector, produced 86%. The financial sector comprised 36% of GDP, industry comprised 13.3% and agriculture only 0.3%.The industrial sector, which was dominated by steel until the 1960s, has since diversified to include chemicals, rubber, and other product.
Tourism is an important component of the national economy, representing about 8.3% of GDP in 2009 and employing some 25,000 people or 11.7% of the working population. The Grand Duchy still welcomes over 900,000 visitors a year who spend an average of 2.5 nights in hotels, hostels or on camping sites.
Business travel is flourishing representing 44% of overnight stays in the country and 60% in the capital, up 11% and 25% between 2009 and 2010.
Luxembourg has won an Oscar in 2014 in the Animated Short Films category with Mr. Hublot.