A, NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW,
OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UNHCR, UNIDO,
UNIFIL, UNRWA, UPU, WCL, WCO, WEU, WFTU, WHO, WIPO, WMO, WTO, ZC

Diplomatic representation in the US:

chief of mission: Ambassador Jean-Paul SENNINGER
chancery: 2200 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 265-4171/72
FAX: [1] (202) 328-8270
consulate(s) general: New York, San Francisco

Diplomatic representation from the US:

chief of mission: Ambassador Ann WAGNER
embassy: 22 Boulevard Emmanuel Servais, L-2535 Luxembourg City
mailing address: American Embassy Luxembourg, Unit 1410, APO AE
09126-1410 (official mail); American Embassy Luxembourg, PSC 9, Box
9500, APO AE 09123 (personal mail)
telephone: [352] 46 01 23
FAX: [352] 46 14 01

Flag description:

three equal horizontal bands of red (top), white, and light blue;
similar to the flag of the Netherlands, which uses a darker blue and
is shorter; design was based on the flag of France

Economy
Luxembourg

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 second in the world, after
Qatar. 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):

$38.14 billion (2007 est.)

GDP (official exchange rate):

$50.16 billion (2007 est.)

GDP - real growth rate:

4.5% (2007 est.)

GDP - per capita (PPP):

$79,400 (2007 est.)

GDP - composition by sector:

agriculture: 1%
industry: 13%
services: 86% (2005 est.)

Labor fo