The "Gibraltar of the North(1)
Luxembourg City is famously known as the "Gibraltar of the North"! As a constitutional monarchy, the Grand Duchy of Luxembourg is renowned for its highly developed banking sector. However, in the late 19th century, this tiny nation experienced an economic boom thanks to its rich iron ore deposits! 🏭 Sharing borders with Belgium, Germany, and France, Luxembourg is actually the second smallest in both area and population among the 27 EU member states. But according to the latest data from 2024, Luxembourg ranks as the sixth-largest financial center in the world, with the second-highest national income and the highest GDP per capita globally! 💰 #Luxembourg #Europe