Why Luxembourg? - The American Chamber of Commerce ...
Why Luxembourg? - The American Chamber of Commerce ...
Why Luxembourg? - The American Chamber of Commerce ...
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2.1.<br />
<strong>Why</strong> Europe is essential for international companies<br />
A strategic market<br />
• More than 500 million consumers.<br />
• 27 member states composing a vast single market, with 17 member states using the euro as currency,<br />
including <strong>Luxembourg</strong>.<br />
• Free circulation <strong>of</strong> goods, services and individuals within the European Market.<br />
A source <strong>of</strong> knowledge<br />
• Second worldwide after the US for the number <strong>of</strong> high-value patents.<br />
• A highly skilled workforce with 1.3 million researchers and scientists.<br />
A global business location<br />
• 1st GDP: the European Union 2010 est. GDP (<strong>of</strong>ficial exchanges rates) <strong>of</strong> $16.0 trillion is the highest in the<br />
world, followed by the US ($14.6 trillion) and the People’s Republic <strong>of</strong> China ($5.8 trillion).<br />
• 1st exporter worldwide with €1,348,778 million in 2010.<br />
• World’s highest stock <strong>of</strong> domestic credit with $22.65 trillion (31 December 2009).<br />
Sources: CIA World Factbook, Science and Engineering Indicators 2010; “Statistics in focus”, Eurostat 2010.
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