Views: 0 Author: Site Editor Publish Time: 2021-04-13 Origin: Site
Luxembourg has three pillar industries:Steel, finance and satellite communications. 1. The discovery of iron changed Luxembourg's destiny. In the past century, Luxembourg's steel industry has developed rapidly. In the 1980s, the per capita steel output reached 16 tons, ranking first in the world.The special steel they produce is particularly famous. The Eiffel Tower and Swiss watches use steel produced in Luxembourg.2. After entering the 21st century, the world's steel industry began to slump, and the rise of the financial and banking industry gave Luxembourg another important economic pillar. There are now more than 200 banks in a small Luxembourg, 90% of which are foreign banks.3. The European satellite company headquartered in Luxembourg is the second largest satellite operator in the world, with a global satellite signal coverage of 99.999%. The company has dozens of satellites ranking first in Europe and second in the world, and it is still developing. Eurosat has also participated in a number of other satellite operators.
Although Luxembourg is a small country, it is among the most developed countries in the world. Its per capita GDP has been ranked first in the world for many years. It has been affected by the financial crisis in recent years and has declined. In 2019, it still ranked first in the world with 117,100 US dollars.The capital, Luxembourg City, is also the city with the highest standard of living in the world. The local unemployment rate is extremely low, and the average life expectancy is as high as 80 years. Luxembourg's passport power ranking is also among the best in the world. With a Luxembourg passport, you can visit 155 countries and regions in the world without a visa.