Luxembourg has a robust and diversified economy that has been growing steadily over the years, continuously outperforming the EU average. It has the highest GDP per capita in world – thanks in part to the number of cross-border workers who contribute to its GDP without being counted as part of its population.
Luxembourg is well known for its political and regulatory stability and ranks among the most politically stable countries in the world. A parliamentary democracy and constitutional monarchy, it is generally governed by coalition governments including several different political parties. This has been instrumental in supporting its long-term policy approach.
The country has a stable labour environment where open dialogue between business and union representatives is favoured. The number of working days lost through industrial action is among the lowest in Europe.
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