Luxembourg Economy

The economy of Luxembourg with population of approximately 500 Thousand (Est 2012) ranks 93rd in the world with a GDP PPP of 41.22 billion and GDP PPP per capita of 80,119 vs 48,387 (United States) according to the IMF in 2011. The national currency of Luxembourg is the Euro (EUR) currency. Domestic bank deposit products held for a fixed interest rate of return on principal invested are called term deposits. Its local bank websites within the country are in the languages of French, German, Luxembourgish and English. reports estimates of inflation at 2.3% in 2010 and 3.4% in 2011.