The fact that Luxembourg is the richest country number 1 in the world

The fact that Luxembourg is the richest country number 1 in the world

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The fact that Luxembourg is the richest country number 1 in the world. Luxembourg is a small country located in Western Europe. Even though it has a relatively small area, Luxembourg is known as the number 1 richest country in the world. Even in terms of wealth, Luxembourg beats countries such as Singapore, Qatar, the United Arab Emirates, Brunei, even America.
Just look at the per capita income of the people which reaches 2.1 billion per year. This value reflects how prosperous Luxembourgers are. For comparison, Indonesia’s per capita income alone is only around 71 million rupiah. Luxembourg is a country that borders Belgium, Germany and France which surround it. Luxembourg’s area is only 2,500 km2 making it one of the smallest countries in the world. Luxembourg has a rich history, advanced society, beautiful nature, and many other interesting things.
The history of this country begins in the 10th century. When a castle was erected on the site that is now the country’s capital Luxembourg City. This castle became the forerunner of the first Luxembourg region. The country later developed into a duchy, and was once part of the Holy Roman Empire.
In 1815, Luxembourg became an independent country. By becoming a member of Unidus, which is an association headed by the King of the Netherlands. Over the centuries Luxembourg changed ownership from time to time. In the late 19th century the country became neutral, and became part of an economic union along with Belgium and the Netherlands.
After World War II, Luxembourg became one of the founders of the European Union. And it also hosts several important institutions, including the European courts and European investment banks. One of the factors that makes Luxembourg the richest country in the world is its progressive banking policies.
The country has become an international financial center and attracts many multinational companies, and large financial institutions. The banking and insurance financial industry is a major sector in the Luxembourg economy. Many major banks around the world have their European headquarters in Luxembourg.
This is astonishing, because the population is only 600,000 and half of them are foreigners from neighboring countries, such as Germany, France or Belgium who come to work here. The average salary in Luxembourg is around 80 million Rupiah per month. That’s why this country has the highest number of immigrants.
Apart from that, Luxembourg also has a developed steel, information technology and logistics industry. It is not surprising that this country is also called a steel industrial country. Steel exported from Luxembourg is used in many of New York City’s skyscrapers. Currently Arcelor Mittal is a Luxembourg company which is the second largest steel producer in the world.
Luxembourg is known for its strong economy. Luxembourg also has a high quality of public life. This country is known for its good welfare system. With extensive and quality access to education and health care. Luxembourg residents also enjoy high income levels and low unemployment rates.
In terms of education, Luxembourg has a quality education system, apart from well-known universities, this country also offers free education programs for its citizens and state-of-the-art educational facilities. This encourages high levels of literacy and creates a conducive environment for Innovation and research.
Apart from that, Luxembourg has stunning nature. Even though it is located in the lowlands, the country is surrounded by beautiful mountains, such as the Ardens Mountains. Luxembourg also has many gardens and national parks that offer extraordinary natural beauty. One example is the Muller national park, famous for its limestone formations, Green Valley and stunning waterfalls.
During the summer Luxembourg becomes a popular destination for tourists who want to explore its natural beauty. Overall Luxembourg is an interesting country with a rich history. Advanced societal life. Beautiful nature, and unique cultural riches. Its success as the richest country in the world lies not only in the economic aspect, but also in its high quality of life and natural beauty.

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