Key facts * Currency: the €uro * GDP per capita: $105,100 (2017 est) * Unemployment rate: 6.3% (Sept 2020) * Inflation: 0.7% (Sept 2020) * A stable, high income economy with the highest GDP per capita in the EU and third highest in the world.
Agriculture – small family farms. White wines from the Moselle valley. Industries and exports * Industry: initially dominated by steel, now in decline. Chemicals, rubber, IT and telecommunications. * Exports: machinery and equipment, steel products, chemicals, rubber products, glass. Close trade ties with Belgium and Netherlands, then with the rest of the EU. exported to: * Leading export markets: Germany 25.6%, Belgium 17.6%, France 14%, Netherlands 5.1%, (2017 data). * Services – 86% of the economy. Banking and financial services, very important investment fund centre, private banking and reinsurance companies. Working to shed its reputation as a tax haven and for bank account secrecy.
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