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This small, stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - has historically featured 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. The economy depends on foreign and cross-border workers for about 60% of its labor force. Luxembourg, like ...  More..

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Economy of Luxembourg
SOURCE: CIA - The World Factbook
Currency Euro
Fiscal Year 01 January - 31 December
GDP (PPP) $38.37 billion (2009 est.)
GDP (per capita) $78,000 (2009 est.)
Exports $14.05 billion (2009 est.)
Imports $18.69 billion (2009 est.)
Main Industries Banking and Financial Services, Iron and Steel, Information Technology, Telecommunications, Cargo Transportation, Food Processing, Chemicals, Metal Products, Engineering, Tires, Glass, Aluminum, Tourism
Exports - Commodities Machinery and Equipment, Steel Products, Chemicals, Rubber Products, Glass
Imports - Commodities Minerals, Metals, Foodstuffs, Quality Consumer Goods
Exports Partners Germany 21.7%, France 17.3%, Belgium 9.9%, Italy 6.9%, UK 6.5%, Netherlands 6%, Spain 4.9% (2008)
Imports Partners Belgium 28%, Germany 23.9%, China 18.9%, France 10%, Netherlands 4.8% (2008)

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