INDUSTRIAL & ECONOMIC DEVELOPMENT

Core countries usually benefit the the global market, for example, the United States. Since Luxembourg is a major center for finance and banking, it makes it a core country.

The GDP for Luxembourg is, 85.51 billion US dollars as of 2021. The GNI is 52.47 billion US dollars, making the country the richest in the world. This allows the country to become more advanced both industrially and enviromentally.

Income distribution in Luxembourg is relatively equal compared to other countries, but there are still some disparities in income between different groups of people, with their highest earners working in the financial district, allowing for much of their economy to develop.

 The fertility rate in Luxembourg is relatively low, at around 1.6 children per woman. This may negatively affect the country’s later developments because a smaller and aging population can lead to challenges in terms of funding social security systems and supporting economic growth.

Infant mortality rates in Luxembourg is relatively low at around 2 per 1000. This is a positive indicator that the country's high standard of living and strong healthcare system.

In Luxembourg, the literacy rate is currently 100% meaning the country's educational system is very strong at emphasizing the importance of it.

According to data from the United Nations Development Program (UNDP), Luxembourg currently has a very high HDI, ranking 4th out of 189 countries in the 2021 report. This reflects the country's strong performance in long life expectancy, high levels of education, and a high standard of living.

The Gender Inequality Index (GII) for Luxembourg is low, correlating with the fact that Luxembourg has particularly high scores for women's economic participation and opportunity, and for women's political empowerment. According to the World Economic Forum's Global Gender Gap Report, Luxembourg is ranked 8th out of 156 countries for gender equality. According to the website, in Luxembourg, of the 224 chambers in 163 countries for which information is available, 117 have at least one woman deputy speaker.