Luxembourg, with its strategic location in Western Europe, is one of the smallest and wealthiest countries in the EU. It has a population of about 634,000 as of 2023, with a significant proportion being foreign nationals. Luxembourg’s economy is notably robust, driven by banking and finance, which are central to its high GDP per capita. It is a founding member of the European Union, hosting several EU institutions, including the European Court of Justice. Luxembourg’s political landscape is stable, characterized by high voter participation rates and a multiparty system.