Luxembourg a small and prosperous country in Western Europe holds a population of 626,000 and occupies a land area of 2,500 square kilometers. Despite its small population and narrow land area, the country is mostly popular for its growing economic progress across the world. The population residing there practices Luxembourgish as their official language followed by the other natives like French and German. The import and export trade rates with the tourism, banking, and financial services are the key factors that share a substantial contribution to the growing economy of the nation for an impactful revenue generation.
The country’s stable political relations with some of the traders worldwide and the growing interest of the government in the establishment of its trade across the globe accompanied by the essential productivity of industrial sectors have recorded a staggering GDP of 87 billion US dollars in 2023 with an import trade value of 68 billion US dollars.