The latest Eurostat calculations place Luxembourg at the top of European countries in terms of GDP per capita, because of its cross-border workers.

The year 2023 ended with further proof of Luxembourg's wealth. During its study of GDP per capita for the month of March 2024, Eurostat confirmed that the Grand Duchy was once again the best placed.

In purchasing power parity, Luxembourg has a GDP per capita almost 2.5 times higher than the EU average (+140%). Ahead of Ireland (+112%). Belgium is also well placed (+17%), while France is just above average (+1%).

This figure is traditionally favourable to the Grand Duchy because, as Eurostat points out, the calculation includes cross-border commuters. The latter participate in GDP, but are excluded from the final result and taken into account by their country of residence only. Because GDP per capita only takes residents into account, it excludes half of the country's workers.

However, Luxembourg is not the only country to benefit from an advantageous calculation: Ireland, in second place, benefits from the large multinationals present on its territory. It is enough to inflate the GDP, even if the final revenue is sent back to the headquarters of these companies abroad.