Overview of Luxembourg


Economy of Luxembourg


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Luxembourg is known for it's finance sector, but it also has successful industries in steel, technology, chemicals, rubber, and other products. The economy is highly developed and Luxembourg has the world's highest GDP per capita. Luxembourg's economy is stable, with moderate growth, low inflation, and low unemployment.

Luxembourg is the world's second largest investment fund center (after the United States). It is the most important private banking center in the Eurozone. There have been some concern about Luxembourg's banking secrecy laws. It has been added to a "grey list" of nations with questionable banking arrangements by the G20.

GDP:
$40.81 billion (2010 estimate)

Labor Force:
206,000 (125,400 of which are foreign cross-border workers)

Update 1/03/2011


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