Manufacturers produce chemical products, transport equipment, metal products. Germany is the third largest producer and the 2nd largest exporter of motorcars. 76.7 1.7 Tourism and agriculture are the most important sources of foreign exchange. Tenth of the export earnings come from the export of fruit and vegetables. The financial and tourism sectors are of increasing importance.
Heavy industry is based on petroleum and lignite.
Manufacturers mainly produce machinery and transport equipment, textiles and clothing. Tourism is very important. Luxembourg 0.4 14.2 3.4 In manufacturing, the iron and steel industry are the most important sectors of economy. Due to favourable laws governing banking secrecy and taxation, Luxembourg is a major international financial centre. In 1996 it was reported to be the new world leader in per capita income.