pates in an economic union with Belgium on trade and most
financial matters, is also closely connected economically to the
Netherlands, and, as a member of the EU, enjoys the advantages of the
open European market.

GDP: purchasing power parity - $10 billion (1995 est.)

GDP - real growth rate: 3.7% (1995 est.)

GDP - per capita: purchasing power parity - $24,500 (1995 est.)

GDP - composition by sector:
agriculture: 5%
industry: 21%
services: 74% (1995)

Inflation rate - consumer price index: 2.3% (1995)

Labor force:
total: 213,100 (one-third of labor force is foreign workers, mostly
from Portugal, Italy, France, Belgium, and Germany)
by occupation : trade, restaurants, hotels 20%, mining, quarrying,
manufacturing 16%, other market services 18%, community, social,
personal services 14%, construction 11%, finance, insurance, real
estate, business services 9%, transport, storage, communications 8%,
agriculture, hunting, forestry, fishing 1%, electricity, gas, water 1%
(1995 est.)

Unemployment rate: 3% (1995)

Budget:
revenues: $5.46 billion
expenditures: $5.44 billion, including capital expenditures of $NA
(1997 est.)

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

Industrial production growth rate: 3.3% (1995 est.)

Electricity - capacity: 1.2 million kW (1994)

Electricity - production: 1.2 billion kWh (1995)

Electricity - consumption per capita: 13,443 kWh (1995 est.)

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

Exports:
total value: $7.3 million (f.o.b., 1995 est.)
commodities: finished steel products, chemicals, rubber products,
glass, aluminum, other industrial products
partners : Germany 28%, France 18%, Belgium 15%, UK 7%, Netherlands 5%

Imports:
total value: $9.1 million (c.i.f., 1995 est.)
commodities: minerals, metals, foodstuffs, quality consumer goods
partners: Belgium 38%, Germany 25%, France 11%, Netherlands 4%

Debt - external: $NA

Economic aid:
donor: ODA, $50 million (1993)

Currency: 1 Luxembourg franc (LuxF) = 100 centimes

Exchange rates: Luxembourg francs (LuxF) per US$1 - 30.067 (January
1997), 30.962 (1996), 29.480 (1995), 33.456 (1994), 34.597 (1993),
32.150 (1992); note - the Luxembourg franc is at par with the Belgian
franc, which circulates freely in Luxembourg

Fiscal year: calendar year

@Luxembourg:Communications

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