Luxembourg. The Liberal Democratic Party (DP) became by far the largest party in the European Parliament elections on 26 May. The Christian Social Party (CSV), like the DP, ended up at just over 21%, giving the parties two mandates each. The Greens ended up at 19% (1 mandate) and the Social Democratic Socialist Workers Party (LSAP) at 12% of the vote (1 mandate). The turnout was second highest in the EU, 84%, after Belgium’s 88%.
The Luxembourg Ministry of Health has submitted a proposal to legalize cannabis. If this goes through, you will be the first country in Europe to completely legalize the drug. Within two years it is hoped to get through the bill. Cannabis is currently legal in eleven US states, in Canada and Uruguay.
- ABBREVIATIONFINDER.ORG: Click to see the meanings of 3-letter acronym and abbreviation of LUX in general and in geography as Luxembourg in particular.
|Gross domestic product (GDP)||$ 62,110,000,000|
|GDP growth rate||2.30%|
|GDP per capita||$ 105,100|
|GDP by sector|
|Proportion of the population below the national poverty line||–|
|Distribution of household income|
|Industrial production growth rate||1.70%|
|Investment volume||17.4% of GDP|
|National debt||23.00% of GDP|
|Foreign exchange reserves||1,000,000,000 USD|
On April 23, Grand Duke Jean, who abdicated after 35 years on the throne in 2000, passed away and was succeeded by Grand Duke Henri. He turned 98 years old.
According to CountryAAH, the population of Luxembourg in 2019 was 615,618, ranking number 169 in the world. The population growth rate was 1.900% yearly, and the population density was 237.7332 people per km2.
LUXEMBOURG . – The population of Luxembourg is estimated at 352,700 residents in 1974, with an average density of 137 residents per km 2, being the surface of 2586 km 2. Compared to 1958, the increase was about 35,000 residents (11%), but it is solely due to the immigration of foreigners – whose number increased from 37,000 in 1958 to 78,000 (22.1% of the total population) in 1974 – as the Luxembourgish population has been a birth rate significantly lower than that of mortality (8.4 and 13.7 ‰ respectively in 1973).
Agricultural-zootechnical activities – which employ 10% of the active population and contribute 5% to the national income, which is very high (5100 dollars per resident in 1973) – are based more on intensive farming than on crops: in 1973 counted 204,000 cattle and 90,000 pigs and produced 2.4 million q of milk, 80,000 q of butter, 190,000 q of meat, 186,000 hl of wine, 342,000 q of wheat, 576,000 q of barley, 375,000 q of oats and 574,000 q of potatoes.
The industrial sector, which employs 46% of the active population and contributes 55% to national income, has been diversified, favoring foreign investments with specific laws enacted from 1962 to 1973. the economy and the well-being of the country at the risk of the economic crisis of the steel industry, which was in the past the only major industry in Luxembourg.
The production of steel, favored by the modernization of the plants and the merger of the two largest companies (ARBED and HADIR) in a gigantic complex with 24,000 employees, was 6.4 million t in 1974, with a per capita production of over 17 t, which is the highest in the world. This is all the more significant, as the Luxembourg steel industry has to import all the fuel and more than three-quarters of the ore, given that domestic minette production dropped to just 2.5 million tonnes in 1974. The by-products of the steel industry are fed the cement industry (309,000 t) and that of fertilizers (800,000 t).
The industrial diversification policy has led to the establishment of new plants of Goodyear (tires), Monsanto (synthetic fibers), Du Pont de Nemours (polyester) and General Motors (machinery). The energy sector has benefited from the construction of new hydroelectric plants on the Moselle, Our and Sûre rivers (so that the total production of electricity has risen to 2.2 billion kWh in 1973), but must be integrated with the import of another 2 billion kWh from the Federal Republic of Germany, 4 million t of coal, 1.7 million t of petroleum products and, starting from 1972, 500 million m 3 of natural gas from the Netherlands.
The road network reached a length of 5,000 km and the number of motor vehicles rose to 144,318 in 1974, with a ratio of one motor vehicle to 2.4 residents, which is the highest in Europe.
Since 1964 the Luxembourg has been integrated into the hydrographic system of Rhenish navigation, through the canalization of the Moselle, on which the port of Mertet was built, connected by rail to the main industrial areas. In 1973 the port of Mertet had a traffic of 656,000 tons of goods unloaded and 780,000 tons of goods loaded.
For the foreign trade of the Luxembourg, which in 1971 renewed the economic union with Belgium (UEBL) for ten years, see Belgium, in this Appendix.