71137 Luxembourg: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $47,618 $102,347 0.43% $303,012 1948 1995 25 4 Luxembourg TRADE PERFORMANCE ‡ HI OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 25 2 EXTERNAL ENVIRONMENT (EE) (out of 126) 20 2 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 50 3 TRADE FACILITATION (TF) (out of 151) 23 2 TRADE OUTCOME (TO) (out of 161) 135 9 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 3.9 4.1 4.1 * TTRI (applied tariffs including preferences) & .. 1.6 1.8 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 6.5 6.4 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 7.9 6.1 5.3 5.5 Applied Dispersion (coefficient of variation) 4.4 10.1 1.7 2.0 tariff (wgt avg) Maximum rate 1635.3 2102.4 201.3 228.8 Agriculture - simple avg (%) 26.4 19.1 14.7 16.7 Import Nonagriculture - simple avg (%) 5.2 4.2 3.9 3.8 duties MFN applied tariff - trade weighted avg (%) 5.7 3.5 3.2 3.2 MFN zero-duty imports (% in total imports) 27.4 44.3 58.8 56.7 * Applied tariff (incl. prefs.) - trade weighted avg (%) 4.3 2.2 1.9 2.1 Nontariff measures Agriculture 20.4 11.2 9.4 10.1 Nonagriculture 2.9 1.6 1.5 1.6 0 10 20 30 40 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.0 1.6 * HI OECD High inc Luxembourg Applied tariff (incl. prefs.) escalation (finished% minus raw%) -0.3 1.0 1.0 Agriculture .. 7.4 14.4 16.5 Nonagriculture .. -2.2 1.0 0.9 Import duties (% of imports) .. .. .. .. Services commit. Tariff overhang (MFN bound less MFN applied rate,%) -0.3 1.4 0.2 0.0 Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 * Specific tariffs frequency ratio (%) 3.2 3.7 12.5 10.5 0 40 80 Non-tariff measures frequency ratio (%) 34.4 .. .. .. HI OECD High inc Luxembourg Overall GATS commitment index (0-100, best) .. 47.0 47.0 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 4.8 4.4 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 14.3 9.1 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 19.5 3.6 2.7 2.4 * MFN duty free Agriculture 56.9 14.5 9.4 9.4 * (exports) Nonagriculture 19.3 3.6 2.7 2.4 * MFN zero-duty exports (% of total exports) 14.3 22.0 45.1 46.0 * Value of prefer Exports with FTA / CU partners (% of total exports) 87.3 89.1 86.7 86.1 * Preferences (EU+U.S.) utilization rate (%) .. .. .. .. 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. .. .. HI OECD High inc Luxembourg Real effective exchange rate (% change,+ =apprec.) -1.5 0.9 0.9 2.2 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Luxembourg Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 45 50 Starting a business (rank) .. .. 60 69 Enforcing contracts (rank) .. .. 2 69 Ease of Doing Closing a business (rank) .. 49 2 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 2.11 1.71 1.76 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 1.96 1.81 1.85 .. HI OECD High inc Luxembourg WGI - Control of Corruption (-2.5 to +2.5, best) 2.01 2.03 2.27 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.5 3.5 * Efficiency of customs and other border procedures .. .. 3.7 3.7 * Logistic Index Quality of transport and IT infrastructures .. .. 3.9 3.9 * International transportation costs .. .. 3.0 3.0 * Logistics competence .. .. 3.2 3.2 * Trading Trackability of shipments .. .. 3.6 3.6 * Across Borders Domestic transportation costs .. .. 2.9 2.9 * Timeliness of shipment .. .. 4.0 4.0 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 30 31 No. of documents required for exports .. .. 5 5 No. of days process required for exports .. .. 20 20 Telephones Cost to export (US$ per container) .. .. 1,250 1,420 per 100 No. of documents required for imports .. .. 4 4 No. of days process required for imports .. .. 6 6 Secondary Cost to import (US$ per container) .. .. 1,250 1,420 enrollment Liner shipping connectivity index (0-100 best) .. .. .. .. Telephones and mobiles per 100 people 81.4 154.4 171.0 177.6 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 1.7 16.0 .. .. HI OECD High inc Luxembourg Internet usage (per 100 people) 8.7 40.8 71.1 71.9 * Secondary gross school enrollment (%) 97.5 96.9 96.0 96.3 * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 9.2 6.6 9.3 2.8 10 9.3 9.2 8.7 Exports 8.7 6.5 9.4 1.9 8 8.4 7.9 7.2 6.6 Imports 9.8 6.7 11.6 3.8 6 5.7 5.3 Other trade outcome indicators 4 2.8 Trade integration (trade as % of GDP) 203.6 246.4 282.8 292.4 2 FDI inflow (% of GDP) .. 357.7 308.8 304.9 * 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) 2.9 3.4 4.0 -8.8 Trade Growth Rate Exports 2.9 3.3 4.6 -10.0 Luxembourg HI OECD High inc Imports 3.0 3.4 3.1 -7.2 Merchandise share in total exports (%) 38.8 30.2 24.5 24.2 Exports Share (2005-07) Agriculture .. 2.3 1.8 1.7 * Agric, Manufacturing .. 25.7 20.6 19.7 * 1.8 Manuf, Mining, fuel and others .. 2.1 2.9 2.9 * 20.6 Service share in total exports (%) 61.2 69.8 75.5 75.8 Mining, Tourism .. 8.0 5.6 4.9 * 2.9 Transportation .. 4.8 4.4 4.2 * Other services .. 57.2 65.5 68.1 * Export product concentration index (0 to 100, highest) .. 13.4 14.7 15.5 * Service, 75.5 Export market concentration index (0 to 100, highest) 37.0 35.9 34.3 34.0 * Top 5 exports share (% of merchandise exports) .. .. 33.7 33.9 * Top 5 exports (SITC Rev. 2; 3 digit) 0.0 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.