
Economy
Luxembourg is one of the world's richest countries per capita, a global financial center whose tiny size belies enormous economic clout, with banking, fund management, and insurance dominant.
A founding EU member that hosts several EU institutions, Luxembourg draws a vast cross-border workforce daily from France, Belgium, and Germany and has diversified into technology, logistics, and space.
The economy is overwhelmingly services-based — banking, investment funds (a world leader), and insurance — alongside the steel industry that built its early wealth and a growing tech sector.