Luxembourg

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Luxembourg business ventures enjoy a stable, high-income economy and proximity to large markets in France, Belgium and Germany. With one of the highest GDP per capita in the world, services, especially banking and other financial exports, account for the majority of economic output. Luxembourg’s diversified industrial base, traditionally dominated by steel, now includes chemicals, rubber and other products. The government also promotes Luxembourg as a headquarters for internet start-ups, luring many well-known companies such as Skype and Amazon. Tourism and business travel round off the list of key economic drivers that have helped Luxembourg retain the highest current account surplus as a share of GDP in the Eurozone.

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