IMF.......................................WB...........................................CIA
rank/measure......................rank/measure.................................rank/measure
1/103,125...........................1/99,879.........................................2/104,452
Rank | 100th (PPP, 2012 est.) |
---|---|
Currency | 1 Euro = 100 eurocent |
Fiscal year | Calendar year |
Trade organisations | EU, WTO and OECD |
Statistics | |
GDP | $42.19 billion (2012 est.) |
GDP growth | 1.0% (Real, 2012 est.) |
GDP per capita | $80,700 (PPP, 2012 est.) |
GDP by sector | agriculture: 0.4%; industry: 13.6%; services: 86% (2007 est.) |
Inflation (CPI) | 2.5% (CPI, 2012 est.) |
Population below poverty line | NA% |
Gini coefficient | 26 (2005) |
Labour force | 368,400 of whom 154,900 are foreign cross-border workers commuting primarily from France, Belgium, andGermany (2011)[1] |
Labour force by occupation | agriculture: 2.2%; industry: 17.2%; services: 80.6% (2007 est.) |
Unemployment | 6.0% (2012 est.) |
Average gross salary | 4,051 € / 5,469 $, monthly (2006)[2] |
Average net salary | 2,693 € / 3,636 $, monthly (2006)[2] |
Main industries | banking and financial services, iron and steel, information technology, telecommunications, cargo transportation, food processing, chemicals, metal products, engineering, tires, glass, aluminum, tourism |
Ease of doing business rank | 56th[3] |
The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Luxembourgers enjoy the second highest per capitagross domestic product in the world (CIA 2007 est.), behind Qatar. Luxembourg is seen as a diversified industrialized nation, contrasting the oil boom in Qatar, the major monetary source of that nation.
Although Luxembourg in tourist literature is aptly called the "Green Heart of Europe", its pastoral land coexists with a highly industrialized and export-intensive economy. Luxembourg enjoys a degree of economic prosperity almost unique among industrialized democracies.
In 2009, a budget deficit of 5% resulted from government measures to stimulate the economy, especially the banking sector, as a result of the world economic crisis. This was however reduced to 1.4% in 2010..