The Race To Be The World’s Richest Country/Territory

3 comments

1. Before the inevitable “it’s not real it’s the frontaliers” comments… nearly all of these are either frontaliers (or slave labour for #1) or have a disproportionate income from a single industry that is sold around the world (eg. Oil, gambling or ‘tax efficiency’).

2. GDP/Capita is GDP divided by resident population. That is not the case for Luxembourg, where +200,000 people work in Luxembourg but do not live within it’s borders, and thus are not counted towards population for the purpose of calculating GDP/Capita.

   Not only that but the GDP figure is with a high likelihood inaccurate due to the ‘*tax haven’ distortion*. i.e. **money is accounted for in Luxembourg that has never so much as touched a Luxembourg bank account.**

   [https://medium.com/@nslewis/tax-havens-make-gdp-screwy-c241430447d9](https://medium.com/@nslewis/tax-havens-make-gdp-screwy-c241430447d9)

   Have a look at the median wage (net) in Luxembourg (incl. Frontaliers)

   [https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage#Net_average_monthly_salary](https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage#Net_average_monthly_salary)

   3,699€/month vs 5,569€ in Switzerland or 4,149€ in Denmark

3. Can we ban people who do not understand per capita?