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Luxembourg is a representative democracy headed by a constitutional monarch, Grand Duke Henri, making it the world's only remaining sovereign grand duchy. Luxembourg is a developed country with an advanced economy and one of the world's highest GDP (PPP) per capita as per IMF and World Bank estimates
Luxembourg (Luxembourgish: Lëtzebuerg; French: Luxembourg; German: Luxemburg), [ pron 1 ] also known as Luxembourg City (Luxembourgish: Stad Lëtzebuerg or d'Stad; French: Ville de Luxembourg; German: Stadt Luxemburg or Luxemburg-Stadt), [ pron 2 ] is the capital city of Luxembourg and the country's most populous commune.
The history of Luxembourg consists of the history of the country of Luxembourg and its geographical area. Although its recorded history can be traced back to Roman times, the history of Luxembourg proper is considered to begin in 963. Over the following five centuries, the powerful House of Luxembourg emerged, but its extinction put an end to ...
Luxembourg is known for making several different kinds of wine including Riesling, Pinot gris, Pinot noir, Pinot blanc, Auxerrois, Rivaner, Elbling, Gewürztraminer, and Crémant de Luxembourg. Authentic Luxembourg wine can be identified by the National Mark. Luxembourg has a fair number of breweries, given its tiny size.
Luxembourg has been part of the eurozone since 1999.. Banking is the largest sector in the Luxembourg economy. In the 2019 Global Financial Centres Index, Luxembourg was ranked as having the 25th most competitive financial center in the world, and third most competitive in Europe after London and Zürich. [27]
Geography of Luxembourg. Luxembourg is a small country located in the Low Countries, part of North-West Europe It borders Belgium for 148 kilometres (92 miles) to the west and north, France (73 km [45 mi]) to the south, and Germany (138 km [86 mi]) to the east. Luxembourg is landlocked, separated from the North Sea by Belgium.
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