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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)

Population

  • +600,000 inhabitants
  • 48% foreign nationals, +170 nationalities
  • 73,5% foreign citizens in the workforce (foreign residents and cross-border workers)

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)

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

Economy

  • Gross domestic product: 72.10 billion US dollars in 2019. 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

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

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