note
on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Luxembourg at a fixed rate of 40.3399 Luxembourg francs per euro and will replace the local currency for all transactions in 2002
Languages:
Luxembourgish (national language), German (administrative language), French (administrative language)
Elevation:
highest point: Buurgplaatz 559 m
lowest point: Moselle River 133 m
Climate:
modified continental with mild winters, cool summers
The stable, high-income economy features solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector has more than compensated for the decline in steel. Services, especially banking, account for a substantial proportion of the economy. Agriculture is based on small family-owned farms. The economy depends on foreign and trans-border workers for 30% of its labor force. Luxembourg has a custom union with Belgium and the Netherlands, and, as a member of the EU, enjoys the advantages of the open European market. It joined with 10 other EU members to launch the euro on 1 January 1999.
Industry:
banking, iron and steel, food processing, chemicals, metal products, engineering, tires, glass, aluminum
Ethnicgroups:
Celtic base (with French and German blend), Portuguese, Italian, Slavs (from Montenegro, Albania, and Kososvo) and European (guest and resident workers)
Vaccination requirements:
No vaccination requirements for any international traveller.
