Econom�a - descripci�n: The stable, high-income economy features moderate growth, low inflation, and low unemployment. The industrial sector, until recently dominated by steel, has become increasingly more diversified to include chemicals, rubber, and other products. During the past decades, growth in the financial sector has more than compensated for the decline in steel. Services, especially banking, account for a growing proportion of the economy. Agriculture is based on small family-owned farms. Luxembourg has especially close trade and financial ties to Belgium and the Netherlands, and as a member of the EU, enjoys the advantages of the open European market. It joined with 10 other EU members to launch the euro on 1 January 1999.

Producto Bruto Interno (PBI): purchasing power parity - $14.7 billion (1999 est.)

PBI - Indice de Incremento real: 4.2% (1999 est.)

PBI - por capital: purchasing power parity - $34,200 (1999 est.)

PBI - Composici�n por Sector:
agriculture: 1%
industry: 23%
services: 76% (1999 est.)

Poblaci�n bajo linea de pobertad: NA%

Ingreso en casa o porcentage de consumci�n:
lowest 10%: NA%
highest 10%: NA%

Indice de Inflaci�n (precios del consumidor): 1.1% (1999 est.)

Fuerza Laboral: 236,400 (one-third of labor force is foreign workers, mostly from Portugal, Italy, France, Belgium, and Germany) (1998 est.)

Fuerza Laboral - por ocupaci�n: services 83.2%, industry 14.3%, agriculture 2.5% (1998 est.)

Indice de desempleo: 2.7% (1999 est.)

Presupuesto:
revenues: $4.73 billion
expenditures: $4.71 billion, including capital expenditures of $NA (2000 est.)

Industrias: banking, iron and steel, food processing, chemicals, metal products, engineering, tires, glass, aluminum

Industrial production growth rate: 1.6% (1999 est.)

Electricidad - Producci�n: 382 million kWh (1998)

Electricidad - producci�n por fuente:
fossil fuel: 60.73%
hydro: 24.86%
nuclear: 0%
other: 14.41% (1998)

Electricidad - consumci�n: 5.856 billion kWh (1998)

Electricidad - exportaciones: 900 million kWh (1998)

Electricidad - importaciones: 6.4 billion kWh (1998)

Agricultura - productos: barley, oats, potatoes, wheat, fruits, wine grapes; livestock products

Exportaciones: $7.5 billion (f.o.b., 1998)

Exporationes - comodidades: finished steel products, chemicals, rubber products, glass, aluminum, other industrial products

Exportaciones - socios: Germany 33%, France 20%, Belgium 12%, UK 6%, US 5%, Netherlands 4% (1998)

Importaciones: $9.6 billion (c.i.f., 1998)

Importaciones - comodidades: minerals, metals, foodstuffs, quality consumer goods

Importaciones - socios: Belgium 36%, Germany 27%, France 12%, Netherlands 5%, US 4% (1998)

Deuda - externa: $NA

Economic aid - donor: ODA, $160 million (1999)

Moneda: 1 Luxembourg franc (LuxF) = 100 centimes; note - centimes no longer in use

Indice de intercambio: euros per US$1 - 0.9867 (January 2000), 0.9386 (1999); Luxembourg francs (LuxF) per US$1 - 34.77 (January 1999), 36.299 (1998), 35.774 (1997), 30.962 (1996), 29.480 (1995); note - the Luxembourg franc is at par with the Belgian franc, which circulates freely in Luxembourg
note: on 1 January 1999, the EU introduced a common currency that is now being used by financial institutions in some member countries at a fixed rate of 40.3399 francs per euro; the euro will replace the local currency in consenting countries for all transactions in 2002

A�o Fiscal: calendar year