In 2021, the Human Development Index (HDI) score for Luxembourg was *****, compared to ***** the previous year. The Human Devlopment Index (HDI) is a measure of well-being of a country's citizens, taking into account three factors; per capita income, life expectancy, and education.

Luxembourg: Human Development Index (0 - 1): The latest value from 2023 is 0.922 points, a decline from 0.927 points in 2022. In comparison, the world average is 0.744 points, based on data from 185 countries. Historically, the average for Luxembourg from 1980 to 2023 is 0.868 points. The minimum value, 0.729 points, was reached in 1980 while the maximum of 0.93 points was recorded in 2021.

Luxembourg: Human Development Index (0 - 1): Pour cet indicateur, The United Nations fournit des données pour la Luxembourg de 1980 à 2023. La valeur moyenne pour Luxembourg pendant cette période était de 0.868 points avec un minimum de 0.729 points en 1980 et un maximum de 0.93 points en 2021.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Is the Gini Coefficient Enough? A Microeconomic Data Decomposition StudyIvan Skliarov, Lukasz Goczek (2023).List of data files:1. theil_raw.csv - data obtained from LISSY using the lis_theil.R script.*2. scv_raw.csv - data obtained from LISSY using the scv_theil.R script.*3. hdi.csv - Human Development Index and its components.4. gini.csv - Gini coefficient from SWIID 9.4.5. wdi.csv - World Development Indicators from the World Bank.6. wgi.csv - World Governance Indicators from the World Bank.7. govcon.csv - government consumption (% of GDP) from UNCTAD.8. theil_fin.csv - final dataset (1, 3-7 combined), which is used in lis_analysis.do.9. scv_fin.csv - final dataset (2-7 combined), which is used in lis_analysis.do.10. indexes.csv - only within and between-cohort components of the Theil index and SCV with imputed values (see lis_analysis.do) for Georgia and Lithuania, which is used in lis_plot.R. * LISSY is the remote-execution system allowing access to the Luxembourg Income Study database: https://www.lisdatacenter.org/data-access/lissy/.For questions about this research please contact:Ivan Skliarov, MA: Faculty of Economic Sciences, University of Warsaw, Poland, Długa 44/50, Warsaw 00-241, Poland, i.skliarov@student.uw.edu.pl.Lukasz Goczek, PhD: Faculty of Economic Sciences, University of Warsaw, Poland, Długa 44/50, Warsaw 00-241, Poland, lgoczek@wne.uw.edu.pl.

In 2023, Switzerland led the ranking of countries with the highest average wealth per adult, with approximately ******* U.S. dollars per person. Luxembourg was ranked second with an average wealth of around ******* U.S. dollars per adult, followed by Hong Kong SAR. However, the figures do not show the actual distribution of wealth. The Gini index shows wealth disparities in countries worldwide. Does wealth guarantee a longer life? As the old adage goes, “money can’t buy you happiness”, yet wealth and income are continuously correlated to the quality of life of individuals in different countries around the world. While greater levels of wealth may not guarantee a higher quality of life, it certainly increases an individual’s chances of having a longer one. Although they do not show the whole picture, life expectancy at birth is higher in the wealthier world regions. Does money bring happiness? A number of the world’s happiest nations also feature in the list of those countries for which average income was highest. Finland, however, which was the happiest country worldwide in 2022, is missing from the list of the top twenty countries with the highest wealth per adult. As such, the explanation for this may be the fact that the larger proportion of the population has access to a high income relative to global levels. Measures of quality of life Criticism of the use of income or wealth as a proxy for quality of life led to the creation of the United Nations’ Human Development Index. Although income is included within the index, it also has other factors taken into account, such as health and education. As such, the countries with the highest human development index can be correlated to those with the highest income levels. That said, none of the above measures seek to assess the physical and mental environmental impact of a high quality of life sourced through high incomes. The happy planet index demonstrates that the inclusion of experienced well-being and ecological footprint in place of income and other proxies for quality of life results in many of the world’s materially poorer nations being included in the happiest.