What is the most common attribute amongst the world's wealthiest countries as measured by GDP per capita (adjusted for purchasing power parity) in 2016?

Author: Jonathan Gregson
Project Coordinator: Edith Updike

2. Luxembourg

Current International Dollars:  100,991 | Click To View GDP & Economic Data

Luxemburgers topped the $100,000 mark in per capita GDP this year, with an increase of more than $5,000 per head over 2015, making it the country with by far the highest standard of living in the Eurozone. It also has the lowest public debt of any country in the region. The economy which relies heavily on financial services and  has rebounded since the global economic crisis that began in 2008, while the industrial sector, traditionally reliant on steel, has been successfully diversified. Growth is projected to stay robust thanks to both strong domestic demand and rising exports of financial services. Luxembourg has lost some of its status as a favourable tax location due to OECD and EU pressure to reduce banking secrecy, while its own tax revenues have been affected by changes to the ways in which EU members collect taxes from e-commerce. However, Luxembourg continues to enjoy one of the highest current account surpluses as a share of GDP of any country in the Eurozone.
 


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