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Economy of Luxembourg
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| Rank | 99th |
| Currency | 1 Euro = 100 eurocent |
| Labour force | 208,000 of whom 125,400 are foreign cross-border workers commuting primarily from France, Belgium, and Germany |
| Export goods | machinery and equipment, steel products, chemicals, rubber products, glass (Germany, France, Belgium, Italy,UK,Netherlands, Spain. |
| Import goods | minerals, metals, foodstuffs, quality consumer goods (Belgium, Germany, China, France, Netherlands) |
1. Luxembourg,officially the Grand Duchy of Luxembourg, has a population of over half a million people in an area of approximately 2,586 square kilometers. A representative democracy with a constitutional monarch, it is ruled by a Grand Duke. The country has a highly developed economy, with the world's highest GDP per capita. Luxembourg's stable, high-income economy features moderate growth, low inflation, and low unemployment.
2. The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors.
Banking is the largest sector in the Luxembourg economy. The country has specialised in the cross-border fund administration business. As Luxembourg's domestic market is relatively small, the country's financial centre is predominantly international. Concern about Luxembourg's banking secrecy laws, and its reputation as a tax haven, led in April 2009 to it being added to a "grey list" of nations with questionable banking arrangements.
2. The iron and steel industry, located along the French border, is an important sector of the economy. Steel accounts for 29% of all exports (excluding services). The industrial sector has diversified to include chemicals, rubber, and other products. 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 it enjoys the advantages of the open European market. Most farmers are engaged in dairy and meat production. Vineyards in the Moselle Valley annually produce about 15 million litres of dry white wine, most of which is consumed within Luxembourg and also in Germany, France, and Belgium on a lesser scale.
4. Government policies promote the development of Luxembourg as an audiovisual and communications center. Radio-Television-Luxembourg is Europe's premier private radio and television broadcaster. The government-backed Luxembourg satellite company "Société européenne des satellites" (SES) was created in 1986 to install and operate a satellite telecommunications system for transmission of television programs throughout Europe. SES presently constitutes the world largest satellite services company in terms of revenue.Luxembourg enjoys a degree of economic prosperity almost unique among industrialized democracies.
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