By Admin 
Luxembourg, a small country in Europe, is one of the richest countries in the world. It has a total area of only 2,586 km² and a population of about 6.5 lakhs, yet the country offers extremely high standards of living and economic prosperity to its citizens,
According to the World of Statistics report, Luxembourg’s GDP per capita (PPP) is approximately $140,941, which means on an average a person earns around Rs 10 lakh annually. If we look at it on a monthly basis, it works out to be approximately ₹ 10.42 lakh per month.
What is the economic strength of Luxembourg?
The main source of Luxembourg’s economic strength is its banking industry and low investment tax rates. The number of banks here is so high that it is said to be more than the number of people. This is why it is called ‘Europe’s tax paradise’.
Better security, health and education system in the country
The standard of living in the country is very high. The security, health and education systems are better here and it is counted among the safest and cleanest countries in the world. Better employment is available for the citizens here and high technology is used in the industries, which further strengthens the country’s economy.
Which languages are spoken in Luxembourg?
There are three official languages spoken in Luxembourg – Luxembourgish, French and German. The capital here is Luxembourg City, which presents a beautiful blend of modernity and historical culture. The tax policy and economic structure of the country is very favorable for the people. Low taxes, banking facilities and investment opportunities help in giving a comfortable life to the citizens here. This is the reason why Luxembourg is not only considered a country of rich people but also a symbol of prosperity and security.
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