Thursday, February 27, 2014

Rank and economy

The rank of Luxembourg from the poorest is 184 and from the richest is 2 with gdp per capita using atlas methods in 2003 being 43,940 $. In other measurements IMF,WB,CIA using nominal methods in 2007,2007,2008
IMF.......................................WB...........................................CIA
rank/measure......................rank/measure.................................rank/measure
1/103,125...........................1/99,879.........................................2/104,452
Luxembourg EU-Hauptstadt 03.JPG
Rank100th (PPP, 2012 est.)
CurrencyEuro = 100 eurocent
Fiscal yearCalendar year
Trade organisationsEUWTO and OECD
Statistics
GDPIncrease$42.19 billion (2012 est.)
GDP growthDecrease1.0% (Real, 2012 est.)
GDP per capitaDecrease$80,700 (PPP, 2012 est.)
GDP by sectoragriculture: 0.4%; industry: 13.6%; services: 86% (2007 est.)
Inflation (CPI)Decrease2.5% (CPI, 2012 est.)
Population
below poverty line
NA%
Gini coefficient26 (2005)
Labour force368,400 of whom 154,900 are foreign cross-border workers commuting primarily from FranceBelgium, andGermany (2011)[1]
Labour force
by occupation
agriculture: 2.2%; industry: 17.2%; services: 80.6% (2007 est.)
UnemploymentIncrease6.0% (2012 est.)
Average gross salary4,051 € / 5,469 $, monthly (2006)[2]
Average net salary2,693 € / 3,636 $, monthly (2006)[2]
Main industriesbanking and financial services, iron and steel, information technology, telecommunications, cargo transportation, food processing, chemicals, metal products, engineering, tires, glass, aluminum, tourism
Ease of doing business rank56th[3]
The economy of Luxembourg is largely dependent on the bankingsteel, and industrial sectors. Luxembourgers enjoy the second highest per capitagross 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.
Although Luxembourg in tourist literature is aptly called the "Green Heart of Europe", its pastoral land coexists with a highly industrialized and export-intensive economy. Luxembourg enjoys a degree of economic prosperity almost unique among industrialized democracies.
In 2009, a budget deficit of 5% resulted from government measures to stimulate the economy, especially the banking sector, as a result of the world economic crisis. This was however reduced to 1.4% in 2010..