Luxembourg is a highly developed country.

Also one of the wealthiest countries in the world, a founding member of the European Union and NATO, with multiple EU institutions located within its borders, such as the European Court of Justice, the European Court of Auditors, and the European Investment Bank, known as the EU's "third capital" after Brussels and Strasbourg. It is also a highly developed industrial country and the most important private banking center in the eurozone, as well as the world's second-largest investment trust center after the United States. Its three main pillars of the economy are finance, broadcasting and television, and steel, and the country has an extremely low unemployment rate.