Market Research In Luxembourg

Luxembourg Profile:

Luxembourg, the only Grand Duchy in the world, is a landlocked country in north Western Europe surrounded by Belgium, France and Germany.
Luxembourg is a founding member of the European Union, OECD, United Nations, NATO and Benelux.
In 2016 Luxembourgish citizens had visa-free or visa-on-arrival access to 172 countries and territories, ranking the Luxembourgian passport equal 15^thin the world, tied with countries such as Canada and Switzerland.
Luxembourg is ranked 13^thin The Heritage Foundation’s Index of Economic Freedom, 26^thin the United Nations Human Development Index and 4^thin the Economist Intelligence Unit’s quality of life index.
Since the beginning of 21^stcentury, the governments have focused on developing the country into a knowledge economy, with the founding of the University of Luxembourg and a national space programme, projecting the first involvement in a robotic lunar expedition by 2020.

Luxembourg Economy:

Luxembourg features small, stable, high-income economy has historically featured solid growth, low inflation, and low unemployment.
Luxembourg is the second-wealthiest country in the world when measured on a gross domestic product (PPP) per capita basis.
The economy has evolved and flourished, posting a strong GDP growth rate and projected at 4.5% in 2017-2018, far outpacing the European average of 1.8%.
Luxembourg has one of the highest current account surpluses as a share of GDP in the euro zone, and it maintains a healthy budgetary position and the lowest public debt level in the region.
Changes to the way EU members collect taxes from e-commerce has cut Luxembourg’s sales tax revenues, requiring the government to raise additional levies and to reduce some direct social benefits as part of the tax reform package of 2017.

Luxembourg Facts:

Population: 594,130
Capital: Luxembourg city
Largest city: Luxembourg city
Area: 2,586 sq km
Major language: Luxembourgish (official) 55.8%, Portuguese 15.7%, French (official) 12.1%, German (official) 3.1%, Italian 2.9%, English 2.1%, other 8.4%
Major religion: Christian (predominantly Roman Catholic) 70.4%, Muslim 2.3%, other 0.5%
Life expectancy: 79.9 years (Male), 84.9 years (Female)
Monetary unit: 1 Euro(EUR) = 100 Cents
Main exports: Machinery and equipment, steel products, chemicals, rubber products, glass
GNI per Capita: $70,430

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