Luxembourg at a glance

Luxembourg is a highly developed country with an advanced economy, renowned for its political stability and the safety of the people. International at heart, the country has one of the world's most open economies and hosts one of the EU's official capitals as well as numerous international institutions. Discover the country that many multinational groups have chosen as their base for trading on the European market.

10 Reasons To Choose Luxembourg

Population

+600,000 inhabitants
47% foreign nationals, +180 nationalities
73,5% foreign citizens in the workforce (foreign residents and cross-border workers)

Economy

Gross domestic product: 73.26 billion US dollars in 2020. GDP per capita is one of the highest in the world
Nearly 65% of all goods and services produced here are exported
AAA-rated economy

Market size

11.5 million consumers in the “Greater Region” (Luxembourg and surrounding regions in Belgium, France and Germany)
445 million consumers in 27 EU countries

Luxembourg in the European Union

Founding EU member. 12 European institutions are headquartered here
Member of the Schengen area (26 countries agreeing to free movement across borders and with a common visa policy)
Member of the Eurozone (one common currency used in 19 countries)

Languages

Official languages: Luxembourgish, German, French
English is widely spoken and a favorite in the business community
Inhabitants speak on average 3.6 languages (#1 in the EU)

Accessibility

Direct flights to over 70 destinations in Europe and North Africa. On average 800 flights per week
60% of the EU’s GDP can be reached within just 1 trucking day

Society

Constitutional monarchy. Head of State: HRH Grand Duke Henri
Parliamentary democracy. Prime minister: Xavier Bettel
Political stability: only 8 different prime ministers since 1945