World Business Council






LUXEMBOURG

Luxembourg, with a population of approximately 650,000 (2023), is a small but highly prosperous country in Western Europe known for its significant financial sector and high standard of living. The economy is predominantly service-oriented, with finance, technology, and logistics serving as key pillars. Luxembourg is a global financial hub, hosting numerous international banks and investment firms, and is renowned for its favorable tax policies that attract foreign investment. The country also boasts a growing technology sector, particularly in cybersecurity and fintech. With a GDP estimated at around $85 billion and a per capita income of approximately $133,000 (2023), Luxembourg consistently ranks among the wealthiest nations globally. Its strategic location in the heart of Europe enhances trade connectivity, facilitating business operations across the continent.   

The Luxembourg government and business community can collaborate with the World Business Council to drive sustainable finance initiatives, promote innovation in technology, and strengthen international trade relationships for continued economic resilience and growth.

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