Luxembourg vs Panama

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Luxembourg (Luxembourgish: Lëtzebuerg, French: Luxembourg, German: Luxemburg), also known as Luxembourg City (Luxembourgish: Stad Lëtzebuerg or d'Stad, French: Ville de Luxembourg, German: Stadt Luxemburg, Luxemburg-Stadt), is the capital city of the Grand Duchy of Luxembourg and the country's most populous commune.

Standing at the confluence of the Alzette and Pétrusse rivers in southern Luxembourg, the city lies in the center of Western Europe, located 213 km (132 mi) by road from Brussels, 372 kilometers (231 mi) from Paris, and 209 km (130 mi) from Cologne. The town comprises Luxembourg Castle, established by the Franks in the Early Middle Ages, around which a settlement developed. As of 31 December 2019, Luxembourg City has a population of 122,273 inhabitants, which is more than three times the population of the country's second most populous commune (Esch-sur-Alzette). The city's population includes 160 nationalities.



Foreigners represent 70% of the city's population, while Luxembourgers represent 30 percent of the population, and the amount of foreign-born residents in town rises steadily each year.In 2011, Luxembourg was rated as having the second-highest per capita GDP in the world at $80,119 (PPP), with the city having grown into a banking and administrative center. In the 2011 Mercer worldwide survey of 221 cities, Luxembourg was set first for personal security, while it was ranked 19th for quality of living.Luxembourg is one of the de facto capitals of the European Union (alongside Brussels, Frankfurt, and Strasbourg), as it is the seat of several institutions, agencies, and bodies of the European Union, such as the Court of Justice of the European Union, the European Court of Auditors, the Secretariat of the European Parliament, the European Investment Bank, the European Investment Fund, the European Stability Mechanism, and Eurostat.

Source: Wikipedia

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Panama ( (listen) PAN-ə-mah, pan-ə-MAH; Spanish: Panamá IPA: [panaˈma] (listen)), officially the Republic of Panama (Spanish: República de Panamá), is a transcontinental country in Central America and South America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people.Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914.

The 1977 Torrijos–Carter Treaties led to the transfer of the Canal from the United States to Panama on December 31, 1999. The surrounding territory was transferred in 1979.Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors. It is regarded as a high-income country. In 2018 Panama ranked 66th in the world in terms of the Human Development Index. In 2018, Panama was ranked seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them found nowhere else on earth. Panama is a founding member of the United Nations and other international organizations such as OAS, LAIA, G77, WHO, and NAM.

Source: Wikipedia