Names: conventional long form: Grand Duchy of Luxembourg conventional short form: Luxembourg local long form: Grand Duche de Luxembourg local short form: Luxembourg
Capital City: Luxembourg
Population: 474,413 (July 2006 est.)
GDP Per Capita: $68,800 (2006 est.)
Currency: euro (EUR) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Languages: Luxembourgish (national language), German (administrative language), French (administrative language)
Total Area: total: 2,586 sq km land: 2,586 sq km water: 0 sq km slightly smaller than Rhode Island
Region: Europe
Industries: banking and financial services, iron and steel, information technology, telecommunications, cargo transportation, food processing, chemicals, metal products, engineering, tires, glass, aluminum, tourism
Agriculture: wine, grapes, barley, oats, potatoes, wheat, fruits; dairy products, livestock products
Resources: iron ore (no longer exploited), arable land
Labor Force:
203,000 of whom 121,600 are foreign cross-border workers commuting primarily from France, Belgium, and Germany (2006 est.)
agriculture: 1% industry: 13% services: 86% (2004 est.)
Exports:
$19.55 billion f.o.b. (2006 est.)
machinery and equipment, steel products, chemicals, rubber products, glass
Imports:
$24.22 billion c.i.f. (2006 est.)
minerals, metals, foodstuffs, quality consumer goods
Overview:
This stable, high-income economy - benefitting 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, has suffered from the global economic slump, the country enjoys an extraordinarily high standard of living - GDP per capita ranks first in the world.
In 2007 Missouri exported $877,468 in goods to Luxembourg. This ranks Luxembourg 99th among the 223 international buyers of Missouri goods. Missouri exports to Luxembourg increased from the previous year by $98,128 a change of 11.87%. State exports to Luxembourg have decreased over the last 5 years by $1,842,929 a change of -67.74%. Missouri exports account for .01%. of all 2007 US exports to Luxembourg.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 2,720,397 | 587,072 | 913,228 | 1,375,556 | 784,340 | 877,468 | |
| 000 - Total All Industries US | 480,248,541 | 279,090,906 | 705,594,624 | 782,446,306 | 579,847,542 | 1,002,742,640 | |