Sunday, September 09, 2018

The 2008 global economic collapse hit Luxemborg very hard, but, it has since rebounded.



















Above is a graph demonstrating eight years of Luxembourg's GDP per capita. The World Bank today has the GDP per capita at $104,175.00. (click here)

Luxembourg's population counts about 602,005 residents (as of 1 January 2018). (click here) Among them, 313,042 are Luxembourgers and 288,963 have a foreign nationality — they represent by themselves 48% of the entire population. In the capital, this percentage exceeds 69%!

On workdays, 177,110 cross-border workers from France, Belgium and Germany joining Luxembourg's workforce add to this number (2016 figures). Luxembourg can therefore be considered as a pole of attraction for workers from the Greater Region....

Luxembourg population is equivalent to 0.01% of the total world population.

Luxembourg ranks number 169 in the list of countries (and dependencies) by population.

The population density in Luxembourg is 228 per Km2 (590 people per mi2).

The total land area is 2,590 Km2 (1,000 sq. miles)

86.8 % of the population is urban (512,258 people in 2018)

The median age in Luxembourg is 39.3 years.

...Luxembourg's population increased rapidly through the 20th century due to immigration from BelgiumItalyFranceGermany and Portugal. At the 2001 census, the country had 59,000 Portuguese residents. As of 2014, it's estimated that 55% of the population is comprised of Luxembourgers and 45% of foreign nationality. Most foreigners in Luxembourg are from EU countries, and many are asylum seekers from Eastern Europe, particularly new republics that emerged from the former Yugoslavia. These immigrants have increased the young population in the country, and the birth rate. Immigrants now account for half of all births in Luxembourg.


...Luxembourgers (click here) enjoy one of the highest per capita GDPs in the world, ranking second (after Qatar) in 2014. The steel industry made the country rich in the 19th century, but when that collapsed in the late 1970’s, Luxembourg evolved into a major financial center. Today, there are about 150 banks in a country that’s smaller than the state of Rhode Island.

Its reputation as a tax haven made it attractive to all kinds of foreign investment. Amazon and Skype have headquarters there. But in the past, the financial laws favoring secrecy also appealed to some questionable types, including Kim Jong Il of North Korea, so the regulations, or lack thereof, came under pressure, which has led to more transparency in recent years....