Luxembourg, grand duchy, W Europe: Economy

	Site Map \| FAQ in Daily Almanac for Aug 21, 2008 Search White Pages
Skip Navigation Home 2008 Summer Olympics Atlas Encyclopedia Dictionary Thesaurus Features Quizzes Timelines Countries Campaign 2008

Fact Monster Kid's reference,
games, quizzes

Encyclopedia—Luxembourg, grand duchy, W Europe

Economy

Iron ore made the fortune of modern Luxembourg, and although its ores are now depleted, the steel industry continues, using iron imported from France. The country is an increasingly important center for high-technology industries, as well as a hub of banking and financial services. Tourism is also important, and Luxembourg derives great economic benefits as a center for many European Union functions, including the European Investment Bank and the European Court of Justice. Other industries are food processing and the production of chemicals, metal products, tires, glass, and cement. Grains, corn, potatoes, and grapes are grown, and livestock is raised. Steel products are the main exports; imports include minerals, metals, fuel, food, cloth, and manufactured goods. Belgium, Germany, Great Britain, and other European Union nations are the principal trading partners of Luxembourg, which has one of the highest per capita incomes in the world.

Sections in this article:

Premium Partner Content

Related content from HighBeam Research on: Luxembourg, grand duchy, W Europe: Economy

Luxembourg's banks maintain long-term attractiveness: the proposed EU-wide tax-sharing information system is unlikely to undermine the prominence of the Grand Duchy's financial sector. (Standard & Poor's).(Brief Article) (The Banker)

Visions of Europe. (Luxembourg's plan to join the economic and monetary union) (The Banker)

Juncker favored as new Luxembourg PM. (Jean-Claude Juncker; Prime Minister) (Inside Europe) (Europe)

A saver's haven. (Luxembourg banks)(tax reduction) (Europe)

Banking on the euro.(Luxembourg) (Europe)

Luxembourg. (Canada and the World Backgrounder)

One coin, two countries. (Belgium and Luxembourg have done very well sharing a common currency since 1921, perhaps providing some lessons to the European Union)(Brief Article) (The Economist (US))

The old red, white and blue. (Luxembourg's new maritime flag) (Business) (The Economist (US))

Opening the door for EMU. (Luxembourg's membership in the European economic and monetary union) (The Banker)

Many of world's leading seafood executives gather at Luxembourg meeting to talk shop. (Quick Frozen Foods International)

Infoplease Tools

Career Center

College Center

RSS •
About •
Contact •
Link to Us •
Advertise with Infoplease •
Terms of Use •
Privacy •
Related sites:
- Family Education •
- TeacherVision