Luxembourg Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $ 4.2 billion, 511.350 per capita (1983);

• 5 3.2% private consumption, 22.4% investment, 14.6% government consumption, —0.7% stockbuilding, 10 4% net foreign balance; 1.6% real GDP growth (1983)

Natural resources, iron ore

Agriculture: mixed farming, dairy products, and wine

Major industries, banking, iron and steel, food processing, chemicals, metal products and engineering, tires, and banking,

Crude steel: 3.98 million metric tons produced (1984), 10.8 metric tons per capita; 6.4 metric ton capacity (1982)

Electric power: 1,497,000 kW capacity (1985); 956 million kWh produced (1985), 2,605 kWh per capita

Exports, imports, major trade partners: Luxembourg has a customs union with Belgium under which foreign trade is recorded jointly for the two countries; Luxembourg’s principal exports are iron and steel products, principal imports are minerals, metals, foodstuffs, and machinery; most of its foreign trade is with FRG, Belgium, France, and other EC countries (for totals, see Belgium)

Budget· (1984 est.) revenues, $1.18 billion; expenditures, $1.17 billion; surplus, $0 13 million

Monetary conversion rate: 51.6 Luxembourg francs=US$l (December 1985); under the BLEU agreement, the Luxembourg franc is equal in value to the Belgian franc, which circulates freely in Luxembourg

Fiscal year: calendar year

NOTE: The information regarding Luxembourg on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Luxembourg 1986 information contained here. All suggestions for corrections of any errors about Luxembourg 1986 should be addressed to the CIA or the source cited on each page.