Luxembourg's stable, high-income economy features moderate
growth, low inflation, and low unemployment. The industrial sector,
which was until recently dominated by steel, has become
increasingly more diversified to include chemicals, rubber, and
other products. Services, especially banking and other financial
exports, account for the majority of economic output. 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. Luxembourg possesses the highest GDP per capita in the
world (US$72,945 as of 2005), the fourth-highest HDI, and the
fourth-highest quality of life.
Total 2,586 km² (176th) (999 sq mi)
- Water (%) Negligible
Population
- 2005 est. 465,000
(168th) - 2001 census 439,539
GDP (PPP) 2005 estimate
- Total $29.37 billion (92nd)
Per capita $72,945 (2005) (1st)