Wednesday, June 16, 2010

Luxembourg, Luxembourg Cost of Living April 2010

Country Full Name: Grand Duchy of Luxembourg.

Location: Luxembourg is in Western Europe, between France and Germany.

Country Climate: Modified continental with mild winters, cool summers.

Country Terrain: Mostly gently rolling uplands with broad, shallow valleys; uplands to slightly mountainous in the north; steep slope down to Moselle flood plain in the southeast.

Major Languages: French, German, Luxembourgish.

Major Religions: Christianity.

Country Population: 0.5 million (2008 est.) 0.5 million (2009 est.).

Country Economy: The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. 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.

Currency: Euro (EUR).

Country Inflation: 3.4% (2008 est.) 0.2% (2009 est.).

City: The city of Luxembourg, also known as Luxembourg City, is a commune with city status, and the capital of the Grand Duchy of Luxembourg.

City Economy: Luxembourg City is one of the wealthiest cities in the world, having developed into a banking and administrative centre. Luxembourg is a seat of several institutions of the European Union, including the European Court of Justice, the European Court of Auditors, and the European Investment Bank.
Cost of living: Luxembourg has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Luxembourg is currently ranked 78 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on Luxembourg, Luxembourg