Luxembourgians enjoy the highest per capita gross domestic product (GDP) in the world. Luxembourg enjoys a degree of economic prosperity almost unique among industrialized democracies.
The country is a tax haven, it enjoys political stability, good communications, and gives easy access to other European centers. These benefits and a tradition of banking secrecy have contributed to a buoyant financial sector and offer a favorable climate to foreign investment. Germany accounts for the largest-single grouping of banks, with Scandinavian, Japanese, and major U.S. banks also heavily represented. The current value of U.S. direct investment is almost $1.5 billion, on a per capita basis--the highest level of U.S. direct investment outside of North America.
Labor relations have been peaceful since the 1930s. Foreign investors often cite Luxembourg's labor relations as a primary reason for locating there. Unemployment in 1999 averaged less than 2.8% of the work force.
The labor force of about: 236,400 is about one-third foreign workers, mostly from Portugal, Italy, France, Belgium, and Germany (1998 est.)
And it's the most boring place in Europe.
Source(s)
Check out GDP here
2007-01-20 11:54:58
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answer #1
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answered by Anonymous
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For the rich people living in Luxembourg is wonderful, as a tourist you can see very nice places, but the life is expensive.
2007-01-20 17:58:48
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answer #2
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answered by paris 5
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Luxembourg is a delightful place to visit, and side trips are a wonderful adventure. Check into a pension or B&B, not a hotel, as they are quite expensive. Websites can lead you into some wonderful places, as can books such as Rick Steve's guides on that area. Life is as anywhere else; what you make it to be. But going to Luxembourgh gives you the European adventure, with some great sights to see, and hospitable people.
2007-01-20 13:28:50
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answer #3
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answered by dutchlady 5
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alot of money to be made in luxembourg very rich city
timbermandog@yahoo.com
far better then usa
2007-01-20 14:37:09
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answer #4
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answered by john b 1
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Fairly wealthy from what I read.
2007-01-20 13:23:38
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answer #5
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answered by Lori 6
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Hell if I know!
2007-01-20 13:21:33
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answer #6
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answered by C7BEZ 1
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