e economy
depends on foreign and trans-border workers for 30% of its labor
force. Although Luxembourg, like all EU members, has suffered from the
global economic slump, the country has maintained a fairly robust growth
rate. On 1 January 2002, Luxembourg - together with 11 of its EU partners
- began to replace its circulating national currency with the euro.

GDP: purchasing power parity - $19.2 billion (2001 est.)

GDP - real growth rate: 4% (2001 est.)

GDP - per capita: purchasing power parity - $43,400 (2001 est.)

GDP - composition by sector: agriculture: 1% industry: 30% services: 69%
(2000 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 2.4% (2001 est.)

Labor force: 262,300 (of whom 87,400 are foreign cross-border workers
primarily from France, Belgium, and Germany) (2000)

Labor force - by occupation: services 90.1%, industry 8%, agriculture
1.9% (1999 est.)

Unemployment rate: 2.4% (2001 est.)

Budget: revenues: $4.44 billion expenditures: $4.44 billion, including
capital expenditures of $NA (2000 est.)

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

Industrial production growth rate: 1.9% (2001 est.)

Electricity - production: 467.7 million kWh (2000)

Electricity - production by source: fossil fuel: 57.52% hydro: 25.66%
other: 16.82% (2000) nuclear: 0%

Electricity - consumption: 6.158 billion kWh (2000)

Electricity - exports: 735 million kWh (2000)

Electricity - imports: 6.458 billion kWh (2000)

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

Exports: $7.85 billion (f.o.b., 2000)

Exports - commodities: machinery and equipment, steel products,
chemicals, rubber products, glass

Exports - partners: EU 85% (Germany 24%, France 21%, Belgium 13%), US 4%
(2000)

Imports: $10.25 billion (c.i.f., 2000)

Imports - commodities: minerals, metals, foodstuffs, quality consumer
goods

Imports - partners: EU 88% (Belgium 37%, Germany 25%, France 13%), US 4%
(2000)

Debt - external: $NA

Economic aid - donor: ODA, $160 million (1999)

Currency: euro (EUR); Luxembourg franc (LUF) note: on 1 January 1999,
the European Monetary Union introduced the euro as a common currency to
be used by financial institutions of member countr