COUNTRYAAH, Luxembourg's GDP per capita is one of the highest in the
world. The economy is based on a strong export-oriented
industry, dominated by the steel sector, and a service
sector where international banking and trade is important.
One third of the state's revenue comes from the financial
sector, and there are over 150 international banks in the
country. The service industries account for the majority of
employment, the industry accounting for 19 percent.
The mineral industry is financially dominated by iron and
steel processing, and steel is a dominant export commodity.
Mining is carried out by mainly private companies on a small
scale for their own use. dolomite, limestone, sand, gravel
and chalk. Cement is also produced. The development of the
steel industry was originally based on iron ore assets in
the southwest. Today, no ore is mined, but there are still
large steel mills in Esch-sur-Alzette, Dudelange and
Differdange operated by the multinational Arcelor-Mittal
group. Other important industrial sectors are the chemical
industry and the rubber, plastic and machine industries. The
IT industry has recently grown in importance.
Luxembourg relies almost exclusively on imported energy
sources. More than half of the energy demand is covered by
oil and natural gas, together with 7 per cent of renewable
About 50 percent of the country's area is usable land and
about 35 percent is covered by forest. Agriculture is very
varied, highly mechanized and efficient. Despite accounting
for only about 1 per cent of employment and 0.4 per cent of
GDP, there is still a high degree of self-sufficiency. You
grow cereals in the north and wine in the south. Production
of meat and dairy products has increased.
The export value amounts to just over 80 per cent of GDP.
The most important export products are machinery, steel and
metal products and chemicals. Germany, France and Belgium
are the most important trading countries.
Tourism and gastronomy
The country is visited annually by more than 900,000
foreign tourists and tourism is an important source of
income. The most important tourist destinations are the
capital Luxembourg, which hosts both international fairs,
and also has an old-fashioned cityscape with the castle, the
Cathedral Notre-Dame and several museums. Other tourist
destinations are the many medieval castles that are
scattered throughout the country; the main ones are Clervaux,
Esch-sur-Sūre, Vianden and Wiltz. Furthermore, the country
has a well-developed system of hiking trails, including. in
the Our and Moselle valleys.
The country's kitchen clearly shows the strong ties that
exist with neighboring countries Belgium, France and
Germany. Most of the food notes are written in French and
strikingly many of the dishes served are also French. A
certain tendency towards large portions and quite heavy
food, a lot of cabbage and long cooks in pots can give a
German impression, but in Belgium as well as in northern
France you have really the same tradition; it is the
availability of raw materials and not the political
boundaries that dictate the menus. In Luxembourg there is an
abundance of plums. geheck (pork soup, calf lung
and plum). Common dishes based on the local fauna are pike
that are cooked whole or turned into quenelles
(trout balls), trout in various shapes and hare. Plums are
also available in the desserttarte au quetsch (pie
with plum soaked in plum brandy). Beer is the most common
meal drink, which is often followed by a glass of plum wine