|
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:
|
