Luxembourg, positioned in Northern Europe between France, Germany and Belgium, plays in role in Europe that belies its small size. With 2,500 square kilometers and a population of only 645,000 (of which 304,000 are foreign residents), its economy has grown in specialized directions that make Luxembourg a global factor in a number of key sectors. Most important are banking and financial services, and space. It has also positioned itself as an entry point for U.S. companies looking to test the European market. This report details this positioning, strengths, and opportunities for Luxembourg, the Bay Area, and the U.S., moving forward.