TheMarketingSite.com

Countries

Luxembourg

Luxembourg /ˈlʌksəmbɜːrɡ/ (Luxembourgish: Lëtzebuerg; German: Luxemburg), officially the Grand Duchy of Luxembourg, is a landlocked country in western Europe.

It is bordered by Belgium to the west and north, Germany to the east, and France to the south.

Its capital, Luxembourg City, is, together with Brussels and Strasbourg, one of the three official capitals of the European Union and the seat of the European Court of Justice, the highest juridical instance in the EU.

Its culture, people and languages are highly intertwined with its neighbors, making it essentially a mixture of French and Germanic cultures.

The repeated invasions by its neighbor countries, especially in World War II, resulted in the country's strong will for mediation between France and Germany and led to the foundation of the European Union.

It comprises two principal regions: the Oesling in the north as part of the Ardennes massif, and the Gutland ("Good Land") in the south.

With an area of 2,586 square kilometres (998 sq mi), it is one of the smallest sovereign states in Europe (about the same size as the state of Rhode Island or the English county of Northamptonshire).

Luxembourg had a population of 524,853 in October 2012, ranking it the 8th least-populous country in Europe.

As a representative democracy with a constitutional monarch, it is headed by a grand duke, Henri, Grand Duke of Luxembourg, and is the world's only remaining grand duchy.

Luxembourg is a developed country, with an advanced economy and the world's highest GDP (PPP) per capita, according to the United Nations in 2014.

Its central location has historically made it of great strategic importance to numerous powers, dating back to its founding as a Roman fortress, its hosting of a vital Frankish castle during the Early Middle Ages, and its role as a bastion for the Spanish Road between the 16th and 17th centuries.

Luxembourg is a founding member of the European Union, OECD, United Nations, NATO, and Benelux, reflecting its political consensus in favour of economic, political, and military integration.

The city of Luxembourg, which is the country's capital and largest city, is the seat of several institutions and agencies of the EU.

Luxembourg served on the United Nations Security Council for the years 2013 and 2014, which was a first in the country's history.

In 2016 Luxembourgish citizens had visa-free or visa-on-arrival access to 172 countries and territories, ranking the Luxembourgian passport 6th in the world, tied with countries such as Canada and Switzerland.

Region:Europe & Central Asia
Income Level:High income
Population, total:0 (2017)
Capital:Luxembourg
Longitude:6.1296
Latitude:49.61
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.