| People | Luxembourg |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
This stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - 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, which now accounts for about 28% of GDP, has more than compensated for the decline in steel. Most banks are foreign owned and have extensive foreign dealings. Agriculture is based on small family-owned farms. The economy depends on foreign and cross-border workers for about 60% of its labor force. Although Luxembourg, like all EU members, suffered from the global economic slump in the early part of this decade, the country continues to enjoy an extraordinarily high standard of living - GDP per capita ranks first in the world. After two years of strong economic growth in 2006-07, turmoil in the world financial markets will slow Luxembourg's economy in 2008, but growth will remain above the European average. |
GDP (purchasing power parity):
|
$38.79 billion (2007 est.) |
GDP (official exchange rate):
|
$47.65 billion (2007 est.) |
GDP - real growth rate:
|
5% (2007 est.) |
GDP - per capita (PPP):
|
$80,800 (2007 est.) |
GDP - composition by sector:
|
agriculture: 1%
industry: 13%
services: 86% (2005 est.) |
Investment (gross fixed):
|
17.5% of GDP (2007 est.) |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: 3.5%
highest 10%: 23.8% (2000) |
Distribution of family income - Gini index:
|
26 (2005) |
Inflation rate (consumer prices):
|
2.1% (2007 est.) |
Labor force:
|
205,000 of whom 121,600 are foreign cross-border workers commuting primarily from France, Belgium, and Germany (2007 est.) |
Labor force participation rate:
|
42.18 % of population |
Labor force - by occupation:
|
agriculture: 1%
industry: 13%
services: 86% (2004 est.) |
Unemployment rate:
|
4.4% (2007 est.) |
Budget:
|
revenues: $14.29 billion
expenditures: $13.92 billion (2007 est.) |
Budget revenues per capita:
|
29,403 USD per capita |
Public debt:
|
2.6% of GDP (2007 est.) |
Industries:
|
banking and financial services, iron and steel, information technology, telecommunications, cargo transportation, food processing, chemicals, metal products, engineering, tires, glass, aluminum, tourism |
Industrial production growth rate:
|
4.3% (2006 est.) |
Electricity - production:
|
3.156 billion kWh (2005 est.) |
Electricity - production per capita:
|
6,494 kWh per capita |
Electricity - consumption:
|
6.315 billion kWh (2005 est.) |
Electricity - consumption - per capita:
|
12,994 kWh per capita |
Electricity - exports:
|
3.131 billion kWh (2005 est.) |
Electricity - imports:
|
6.392 billion kWh (2005 est.) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
64,020 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
48.08 bbl/year per capita |
Oil - exports:
|
283 bbl/day (2004) |
Oil - imports:
|
61,070 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
1.356 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
|
2,791 cu m per capita |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
1.356 billion cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
wine, grapes, barley, oats, potatoes, wheat, fruits; dairy products, livestock products |
Current account balance:
|
$11.3 billion (2007 est.) |
Current account balance - per capita:
|
23,251 USD per capita |
Exports:
|
$19.58 billion f.o.b. (2007 est.) |
Exports per capita:
|
40,288 USD per capita |
Exports - commodities:
|
machinery and equipment, steel products, chemicals, rubber products, glass |
Exports - partners:
|
Germany 19.3%, France 15.5%, Italy 9.5%, UK 9.5%, Belgium 8.8%, Spain 5.3%, Netherlands 4.5% (2006) |
Imports:
|
$26.85 billion c.i.f. (2007 est.) |
Imports per capita:
|
55,247 USD per capita |
Imports - commodities:
|
minerals, metals, foodstuffs, quality consumer goods |
Imports - partners:
|
Belgium 26.3%, Germany 20.1%, China 16.7%, France 8.5%, UK 5.5%, Netherlands 4.2% (2006) |
Reserves of foreign exchange and gold:
|
$265.1 million (2006 est.) |
Reserves of foreign exchange and gold - per capita:
|
546 USD per capita |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
$NA |
Stock of direct foreign investment - abroad:
|
$NA |
Market value of publicly traded shares:
|
$79.4 billion (2006) |
Economic aid - donor:
|
ODA, $291 million (2006) |
Economic aid - recipient:
|
void |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
euro (EUR) |
Exchange rates:
|
euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003) |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
