Country Sheet : Luxemburg

Information file

Last Update on 9th July 2024

LUXEMBURG

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In English - version of 9th July 2024

Geography

Area : 2,586 km²

Borders : 359 km (Belgium 148 km, France 73 km, Germany 138 km)

Capital : Luxembourg

Official language : French, German and Luxembourgish

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Population

Population : 660,924 (2023 est.)

Crude natural change rate : 15.8‰ (2023 est.)

Population repartition: 16.7% under 15 years old, 15.9% over 65 years old (2023 est.)

Foreign residents: 38% EU nationals, 9% non-EU nationals (2021)

Crude net migration rate: 11.4‰ (2023 est.)

First time asylum applicants: 1,190 (June 2023)

Life expectancy: men 80.7 years, women 85.8 years (2023 est.)

Religions: Christian (predominantly Roman Catholic) 70.6%, Muslim 2.3%, other (includes Buddhist, folk religions, Hindu, Jewish) 0.4%, unaffiliated 26.7%% (2020 est.)

Ethnic groups: Luxembourger 52.9%, Portuguese 14.5%, French 7.6%, Italian 3.7%, Belgian 3%, German 2%, Spanish 1.3%, Romanian 1%, other 14% (2022 est.)

Source : Eurostat

Economy

Currency: Euro

GDP: € 79,309.6 million (2023)

GDP per capita (PPS): € 85,850 (2022)

GDP growth : -0.1% (July 2023)

Inflation: 3.2% (May 2024)

Public debt: 25.9% of GDP (2023)

Unemployment: 5.7% (May 2024)

Stock of foreign direct investment from the entire world: 4,905.5% of GDP (2022)

Budget balance: -1.7% (2023)

Source : Eurostat

Political system

Constitutional monarchy

Head of State: Grand Duke Henri since 7th October 2000.

Head of Government: Luc Frieden (CSV) since 17th November 2023. He leads a coalition government between the Christian Social Party (CSV) and the Democratic Party (DP).

Unicameral political system: The Chamber of Deputies (Châmber vun Députéirten) is made up of 60 deputies, elected for five years