As a representative democracy with a constitutional monarch, it is headed by a grand duke and is the world's only remaining grand duchy. Luxembourg is a developed country, with an advanced economy and the world's highest GDP per capita, according to the World Bank. Its central location has historically made it of great strategic importance to numerous powers, dating back to its founding as a Roman fortress, its hosting of a vital Frankish castle during the Early Middle Ages, and its role as a bastion for the Spanish Road between 16th and 17th centuries.
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