HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Luxembourg
flag — Luxembourg
Nation by Nation

Luxembourg

Economy

$93.3 billion
GDP
World Bank · 2024
$137,782
GDP / Capita
World Bank · 2024
+0.4%
GDP Growth
World Bank · 2024
6.4%
Unemployment
World Bank · 2024

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.

Key Sectors

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.

← Luxembourg overview