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Primarily the financial industry. The Luxembourgish government actually actively encourages growth in this industry by providing a favorable tax climate (thus attracting banks), and by introducing favorable laws for investment funds (more laissez-faire, ie by reducing administrative procedures and auditing checks in favor of market mechanisms).
In addition, according to wikipedia (entry:economy of Luxembourg) steel and tourism also account for a major part of the economy. Also, Goodyear/Dunlop has a major production centre in Luxembourg. With over 1000 employees, and given that Luxembourg is a small country, this may possibly also be considered as "important".
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