Is Luxembourg's location responsible for its prosperity?

When you think of luxury, you think of Luxembourg. Even this country’s GDP ranks at 94th in the world as its total in 2019, its per capita ranking compared to the rest of the world is 2nd place. Luxembourg does seem to have a lot of prosperity. Its location does seem to play a role in its prosperity. Usually, your biggest trading partners are the countries that neighbor you.

If those countries are rather prosperous, then your country stands a good chance of being prosperous. The same can be said about Luxembourg. Its neighbors include Belgium, Germany and France among others. Usually, the reason these countries prosper is because they have a good climate and can produce crops well or their location allows them to trade easily being so close to a waterway.