The Grand Duchy of Luxembourg is located in the west of Europe, bordering Belgium, Germany and France. It covers an area of 2,586 square kilometers and has a population of 430,000. It is the smallest and least populated country among the EU 15 member countries. China is divided into three provinces, which govern 12 districts and 1 18 townships. Luxembourg, the capital with a population of more than 70,000, is the seat of the Secretariat of the European Parliament, the European Court of Audit, the European Statistical Office and the European Court of Justice.
Among EU member states, Luxembourg has one of the lowest inflation and unemployment rates. From 65438 to 0999, the inflation rate in Luxembourg was 0.9%, the unemployment rate was 2.8%, and the economic growth rate was 5%. In the same year, Lu's GDP reached 699 billion francs (equal to Lulang and Bilang, 1 Euro = 40.3399 francs). In recent years, the economic growth rate of Lu is generally higher than the average level of EU countries, and its financial situation is good. Financial industry, radio and television industry and metallurgical manufacturing industry are the three major economic pillars of Luxembourg.
Luxembourg is short of mineral resources, with only a small amount of iron ore, which has stopped mining for several years. The forest coverage rate is as high as 34%, with an annual output of more than 300,000 cubic meters of wood. Cultivable land and forests account for 89% of the country. The output value of agriculture and animal husbandry accounts for only 0.8% of GDP, and the agricultural population accounts for 2.4% of the working population. Animal husbandry is developed, and dairy products are the pillar products of agriculture. The main crops are wheat, barley, grapes and vegetables.
Luxembourg's service trade is very developed. Trade in services accounts for 78. 1% of its GDP. Banking, insurance and securities play an important role in service trade. The Luxembourg government has a stable macroeconomic policy, a sound legal system, preferential tax policies and good staff quality. Coupled with the strict bank secrecy law, savings interest tax is not levied on residents' deposits (including those of foreign citizens), thus attracting a large number of foreign deposits. 1999 There are 2 13 banks registered in Luxembourg with 22,000 employees, accounting for 9.25% of the whole labor market. The output value created accounts for about 20% of its GDP, and the tax paid accounts for one-third of the national fiscal revenue.
By the end of 1999, Luxembourg had managed more than 5,800 funds and reserves, with assets of nearly 30 trillion francs, surpassing France to become the second largest fund business management center in the world after the United States. The clearing center of Luxembourg Stock Exchange is responsible for handling more than 24,000 kinds of securities of more than 2,600 companies in 67 countries around the world, and has become an important medium for European securities trading. With the development of European integration, services such as accounting, auditing, consulting, market research and network technology, as well as tourism and catering, have also developed rapidly in Luxembourg. At present, the output value of such commercial services accounts for 36.8% of its GDP.
Luxembourg's radio and television programs cover the whole of Europe, and Luxembourg Radio and Television Company broadcasts TV programs to more than 20 European countries. 1997 Luxembourg Radio and Television Company merged with Ufa Film and Television Company of Germany to form CLT- Ufa, the largest radio and television media company in Europe. At present, the company participates in the operation of 22 TV stations and 18 radio stations in 9 European countries. 1999, the company's turnover was130.4 billion francs and its profit was16.85 million francs. In addition, Eurosat Luxembourg is a multinational communication company, which is in a leading position in Europe in the field of direct receiving satellite systems. The company has eight ASTRA satellites, which are used to spread TV and radio programs to all parts of Europe. 1999 the group's turnover is 29.254 billion francs.
Steel industry is a traditional industry in Luxembourg, but with the adjustment of industrial structure, the proportion of steel industry in GDP has dropped from 28% in the past to 2% now, and the proportion of steel exports in Luxembourg's exports has also dropped from 68% to 30%. However, Albert Luxembourg Group is still the third largest steel group in the world, with a crude steel output of 22 1.8 million tons, a turnover of 430.6 billion francs and a profit of 9 billion francs. The Group gradually turned to external growth, focusing on the development and research of iron and steel patented technology at home, transferring iron and steel production to developing countries such as Latin America and expanding Zhang Zhilu externally. There are still three steel mills in Shandong with an annual output of more than 2.5 million tons of crude steel, all of which use scrap steel as raw materials to make steel in electric furnaces.
Luxemburg is located in the center of Western Europe, with expressway and railways criss-crossing, connecting with French, German and Belgian important cities, air passenger and cargo are connected with airports of major European cities, and the Moses River in China can reach the Rhine River directly. Posts and telecommunications are developed and the market is prosperous.
From 65438 to 0999, the total import and export trade of Luxembourg goods and services was1389.9 billion francs, of which 756.7 billion francs were exported and 633.2 billion francs were imported. The overall pattern of Luxembourg's merchandise trade is that imports exceed exports, but the surplus of its service trade can far offset the deficit of its merchandise trade, so its current account balance has a high surplus. Luxembourg's export commodities mainly include: steel, metal products, chemical products, rubber, glass and so on. Imported goods are mainly: equipment, daily consumer goods, food, etc. 85% of Luxembourg's foreign trade is with European countries, and its largest trading partners are Germany, France and Belgium.