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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.
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.
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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Which Canadian province or territory has the highest per capita income?
The Northwest Territories has the highest per capita income in Canada. This is due to factors such as the lucrative mining industry, high-cost of living, and availability of well-paying jobs in sectors like oil, gas, and government.
Is Luxembourg a poor or rich country?
it depends what you are referring to. if you mean rich in terms of income per capita then its GDP/capita is the highest in europe, around 130,000 euros. if you refer to richness in terms of natural resources then probably not...
Difference between low levels of living and low per capita incomes?
The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
What is the Per capita income of Vietnam?
per capita income of Vietnam in 2009
What is Israel's per capita income?
The capita per income is 500,000 dollars.
Features of a developed economy?
the developed ecnomy is the one which has high per capita income
What is the per capita income of Colorado?
In 2016, the per capita income of Colorado was $65,685.
When was Luxembourg Income Study created?
Luxembourg Income Study was created in 1983.
Is the per capita income of Colorado higher or lower than Arizona?
Higher. Arizona has a per capita income of $34,999, and Colorado has a per capita income of $42,802.
Why is the economy in Luxembourg so good?
luxembourg's stable, high-income economy features moderate growth, low inflation, and low unemployment.
Which country is having high national income?
Luxembourg has the highest national income, with Norway second and the United States third.
