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Beacuse it has a great holidng regime and fund industry so attracts tremendous foreign capital each year. Also some workers commute everyday internationally so this also increases the per capita GDP since these people are not taken into account in the population figure.

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12y ago
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16y ago

One possible distorting factor is people who live in neighbouring countries but work in Luxembourg. Their earnings count as part of Luxembourg's GDP but they aren't included in the population figure.

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9y ago

Luxembourg is rich because it has a lot of resources like oil,gas, other minerals and it has a relatively small country with small population so more for everyone. the other reason may be that it is positioned right next to Germany and France and i think that has some financial benfits.

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11y ago

Luxembourg has been associated with many wealthy nations, such as the Netherlands, Belgium, Germany, and France. Through interactions and relations with these countries, Luxembourg has grown in parallel to their economies. Luxembourg is a member of Benelux and a founder of the European Union.

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12y ago

Luxembourg is at the centre of many major countries and is the centre of international banking for them. It also has one of the highest GDP thanks to social stimulus packages.

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Q: Why does Luxembourg have a high capita income?
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