oup, Benelux, CCC, CE, COCOM, CSCE, EBRD, EC, ECE,
EIB, FAO, GATT, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IEA, IFAD, IFC,
ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, IOM, ITU, LORCS, MTCR, NACC,
NATO, NEA, NSG, OECD, PCA, UN, UNCTAD, UNESCO, UNIDO, UNPROFOR, UPU,
WCL, WEU, WHO, WIPO, WMO, ZC
Diplomatic representation in US:
chief of mission:
Ambassador Alphonse BERNS
chancery:
2200 Massachusetts Avenue NW, Washington, DC 20008
telephone:
(202) 265-4171
FAX:
(202) 328-8270
consulate(s) general:
New York and San Francisco
US diplomatic representation:
chief of mission:
Ambassador Edward M. ROWELL
embassy:
22 Boulevard Emmanuel-Servais, 2535 Luxembourg City
mailing address:
PSC 11, Luxembourg City; APO AE 09132-5380
telephone:
[352] 460123
FAX:
[352] 461401
Flag:
three equal horizontal bands of red (top), white, and light blue;
similar to the flag of the Netherlands, which uses a darker blue and
is shorter; design was based on the flag of France

@Luxembourg, Economy

Overview:
The stable, prosperous economy features moderate growth, low
inflation, and negligible unemployment. Agriculture is based on small
but highly productive family-owned farms. The industrial sector, until
recently dominated by steel, has become increasingly more diversified,
particularly toward high-technology firms. During the past decade,
growth in the financial sector has more than compensated for the
decline in steel. Services, especially banking, account for a growing
proportion of the economy. Luxembourg participates in an economic
union with Belgium on trade and most financial matters, is also
closely connected economically to the Netherlands, and as a member of
the 12-member European Union enjoys the advantages of the open
European market.
National product:
GDP - purchasing power equivalent - $8.7 billion (1993)
National product real growth rate:
1% (1993)
National product per capita:
$22,600 (1993)
Inflation rate (consumer prices):
3.6% (1992)
Unemployment rate:
5.1% (March 1994)
Budget:
revenues:
$3.5 billion
expenditures:
$3.5 billion, including capital expenditures of $NA (1992 est.)
Exports:
$6.4 billion (f.o.b., 1991 est.)
commodities:
finished steel products, chemicals, rubber products, glass, aluminum,
other industrial products
partners:
EC 76%, US 5%
Imports:
$8.3 billion (c.i.f., 1991 est.)
commodities:
minerals, metals, food