How is the quality of life in the Grand Duchy? The 'PIBien-être' (or Luxembourg Index of Well-Being), developed thanks to a partnership between Statec, the Conseil économique et social (Economic and Social Council) and the Conseil supérieur pour un développement durable (Higher Council for Sustainable Development), goes beyond economics statistics and other Gross Domestic Product (GDP) figures, to concentrate more on the points that define individual quality of life.
A stable result
According to this well-being index, the quality of life in Luxembourg remained largely stable for the period between 2009 and 2015. The Grand Duchy has acheived considerable improvements in the areas of the environment (+13%), income and wealth (+10%), education (1.5%) and frequency of social connections (1.5%).
On the other hand, there was a decline in the areas of health (-10%), personal safety (-10%), housing (-6%) and governance (-6%). For the areas of environmental quality, income and employment inequality and work-life balance, the Grand Duchy's performance is in line with the European average.
Overall, the country's well-being index reflects the trends in the country's GDP: it fell between 2010 and 2012, but since then it has been on the rise again. However, the increase in the Luxembourg Index of Well-Being (LIW) is much slower than that of GDP. Well-being thus takes longer to recover than economic growth.
About the index
The well-being index takes stock of 63 different indicators, grouped into 11 categories:
- income and wealth;
- work-life balance;
- education and skills;
- social connections;
- governance and citizenship;
- physical safety;
- subjective well-being.
(Article written by the editorial team of the luxembourg.lu portal / Source: press release from the Statec)