herlands, and, as a member of the EU, enjoys the advantages of the
open European market.
GDP: purchasing power parity-$13.48 billion (1997 est.)
GDP-real growth rate: 3.6% (1997 est.)
GDP-per capita: purchasing power parity-$33,700 (1997 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: 3.5% (1997)
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: 138,000 kW (1995)
Electricity-production: 470 million kWh (1995)
Electricity-consumption per capita: 13,518 kWh (1995)
Agriculture-products: barley, oats, potatoes, wheat, fruits, wine
grapes; livestock products
Exports:
total value: $7.1 billion (f.o.b., 1996)
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: $9.4 billion (c.i.f., 1996)
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; note-centimes no
longer in use
Exchange rates: Luxembourg francs (LuxF) per US$1-37.459 (January
1998), 35.774 (1997), 30.962 (1996), 29.480 (1995), 33.456 (1994),
34.597 (1993); note-the Luxembourg franc is at par with the Belgian
franc, which circulates freely in Luxembourg
Fiscal year: calendar year
Communications
Telephones: 221,900 (1994 est.)
Telephone system: highly developed, completely automated and efficient
system, mainly buried cables
domestic: nationwide cel
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