Luxembourg enjoys the worlds highest [[per capita income]].
Luxembourg enjoys the worlds highest [[per capita income]].
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==History==
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The country is rich in [[iron ore]] and its economic prosperity is based chiefly on its large iron adn steel industries. Becoming a [[Hapsburg]] possession in the fifteenth centuary, Luxembourg was [[Spanish]] intil 1713 and then Asutrian until annexed by [[France]] in 1795. As a result of the [[Treaty of Vienna]] in 1815, it became a [[Grand Duchy]], though in 1839 it lost its wertern province to [[Belgium]].
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It was occupied by [[Germany]] during both [[World Wars]]. It formed a customs union with Beligium in 1922 which was extended in 1949 to the [[Benelux]] customs union, which included [[The Netherlands]].