You have reached the cached page for https://www.reddit.com/r/Luxembourg/comments/nggs0j/why_is_luxembourg_the_worlds_richest_country/

Below is a snapshot of the Web page as it appeared on 9/1/2023 (the last time our crawler visited it). This is the version of the page that was used for ranking your search results. The page may have changed since we last cached it. To see what might have changed (without the highlights), go to the current page.

Bing is not responsible for the content of this page.

Why Is Luxembourg The World's Richest Country? : r/Luxembourg

Go to Luxembourg

r/Luxembourg

•

roosterreport

View community ranking In the Top 5% of largest communities on Reddit

Why Is Luxembourg The World's Richest Country?

Hello everyone! I am a creator on YouTube that makes a lot of international news-type content, and I just made a video about Why Luxembourg is the World's Richest Country (its by GDP but YouTube forces me to be a bit clickbaity).

If you guys could let me know whether or not my content was accurate, I'd really appreciate it! I strive for being as factual as possible in each video, so hearing what you guys have to say is super important to me.

Thanks :)

https://youtu.be/BJqiEcg2g3A

This thread is archived

New comments cannot be posted and votes cannot be cast

comments sorted by Best Top New Controversial Q&A

AnonymousGiant69420

•

I really liked the video clips you used in your video. If you don’t mind, can you tell me where do you get these clips to put in your videos and which video editor you use? I would like to make such videos myself.

juuxjuux

Dat ass •

You mention that "Arbed and Arcelor Mittal are among the most important steel producers in the world" but Arbed was a predecessor company of Arcelor Mittal (literally, the 'Ar' in 'Arcelor') so it no longer exists, and hasn't for nearly twenty years.

Also, bit weird that you mention the old German Zollverein, but not Luxembourg's participation in the European Coal & Steel Community and it leading to Luxembourg's central role in creating the EU, which I would say had a much bigger impact.

roosterreport

•

Thanks for the feedback!

With the first point, one of my sources made it seem like they were two companies that still exist today... so thanks for the clarification on that!

And for the second, I agree.... those probably would have been interesting talking points!

[deleted]

•

[removed]

roosterreport

•

he top on that list too, but just barely, whereas the GDP per capita list puts it at like 1.5x the next-highest country. The average wage at PPP is much closer to reality as compared to "GDP per capita" which puts Luxembourg (and Liechtenstein and Qatar) far away on the top of the list.
Norway's GDP per capita is also misleading, as a lot of it is tied up in their sovereign wealth fund and is not actually used. However the wealth of Norway actually belongs to / is in Norway, whereas in Ireland and Luxembourg, a lot

Oh yeah you're 100% correct. The title needs to be a little click baitey of course, but as you said in the video I mention why the stat is actually really flawed.

Yet, regardless of the flaw, Luxembourg is still an insanely wealthy country given its size and a really great place to live (from what I've read and watched). And as I go through in the video, I think that their path to wealth really is unique, as the country was able to take advantage of several right place/right time type situations to make it to where they are today!

I also think it will be interesting to see exactly how much they will be able to impact the space industry going forward. They have some pretty solid foundations and I wouldn't be surprised if a lot of space startups begin to place their headquarters there!