Luxembourg is a small country with a population of just over 600,000, yet one of the richest countries in the world. In terms of gross domestic product, even the United States, Japan, and other well-known developed countries are only younger brothers in front of them.
To what extent has the standard of living of Luxembourgers reached and why is the per capita income the highest in the world?
Luxembourg is a small country in Europe, and medical care and education are all free, even the car ride is free. The minimum wage for Luxembourgers is 2,257 euros, about 15,800 yuan, and the average salary for Luxembourgers is 3,400 euros, about 23,800 yuan.
Luxembourg is located at the junction of France, Germany and Belgium, and is also very close to Switzerland and the Netherlands and other European powers. Luxembourg in this region has no reason to be poor.
Economy of Luxembourg
Luxembourg is a highly developed capitalist country, a founding member of the European Union and NATO, the most important private banking centre in the eurozone, and the second largest investment trust centre in the world after the United States. Luxembourg's GDP per capita has been among the highest in the world for many years. The steel industry, finance, tourism and satellite communications are the four pillars of Luxembourg's economy.
Income of Luxembourgers
Luxembourg is such a small country, with a per capita GDP of 117,100 US dollars as early as 2019, which is about 760,000 yuan when converted into RMB, ranking first in per capita GDP for many consecutive years. According to the data given by the World Bank, Luxembourg's per capita annual income in 2021 will be 106,728.888 US dollars, equivalent to about 720,000 yuan, ranking first in the world. It can be described in one sentence, that is, it is rich and oily.
Prices in Luxembourg
Although the income of Luxembourgers is very high, the same prices are quite expensive. You can eat a full meal at home for 20 yuan, but in Luxembourg it also starts at least 20 euros, which is still an ordinary meal, just like we eat a rice bowl in China. If you want to eat a big meal, it is common to spend 100~200 euros.
On top of the cost of accommodation in Luxembourg. The monthly rent of a two-bedroom apartment is about 2,000 euros, which is equivalent to about 14,000 yuan, and the monthly rent of a two-bedroom apartment is about 1,200 euros, which is equivalent to about 8,500 yuan.
In terms of food and drink in Luxembourg. A pound of eggs is 25 yuan, a kilogram of chicken is 120 yuan, a can of Coca-Cola is 8 yuan, and cucumbers, celery and other vegetables are about 20 yuan a catty.
What are the social benefits in Luxembourg?
Social welfare in Luxembourg is still very good, and the Luxembourg government has taken into account almost all aspects of life.
1. Subsidies for low-income people.
The minimum wage in Luxembourg is around 3,000 euros, and for Luxembourgers with a monthly income of less than 4,000 euros, as long as they go to the Luxembourg government to apply for a subsidy, the government will provide applicants with a subsidy ranging from 1,000 euros to 10,000 euros per year.
2. Salary subsidy.
Luxembourg has the highest minimum wage and the lowest unemployment rate of any EU country, with the highest unemployment rate of only 6% in the country. Luxembourgers work no more than 40 hours per week, and each Luxembourg employee is entitled to 35 days of vacation a year and 13 months' salary, in addition to statutory holidays.
3. Subsidy for buying a house.
Regardless of whether you have a Luxembourg hukou or not, as long as you have lived in Luxembourg for one year, you can apply to the government for a house purchase subsidy of 8,000~10,000 euros. After buying the house, the Luxembourg government will give you a housing subsidy of 250~300 euros per month.
4. The young are nurtured.
Luxembourg is a country that encourages childbearing, and when a woman in Luxembourg becomes pregnant, the couple can not only enjoy paid holidays, but also receive subsidies such as parental payments from the Luxembourg government. From the moment a child is born, the mother receives a reward of several thousand euros, and the parents of the child receive a monthly allowance of several hundred euros when the child is not yet three years old.
5. The old have support.
Luxembourg attaches great importance to the pension of the elderly, and Luxembourgers can receive a generous pension every year after retirement. In addition, all public facilities and nursing homes in Luxembourg are free of charge for the elderly. The Luxembourg government provides a group of free professional nurses in each nursing home, and often organizes free medical examinations for the elderly.
In addition to these benefits, Luxembourg has many benefits, such as free education, unemployment benefits, transportation subsidies, and many more.
Luxembourg is a wealthy country, and the standard of living of Luxembourgers is among the highest in the world. Although the income of living in China is a little lower, the same level of consumption is also low. The most important thing about whether the standard of living is good or bad is not where you live, but your attitude towards life.