Luxembourg residents consume more goods and services per capita than residents of any other EU country according to RTL Today and Eurostat.
A news release from Eurostat which looks into how much residents of all EU countries consumed in 2017 places Luxembourg right at the top. Essentially this means that we consume more goods and services than any other EU country on a per capita basis.
The measure used to arrive at this conclusion is called ‘AIC’, which stands for Actual Individual Consumption. It takes into account the goods and services that individuals actually consume, and it’s adjusted for the purchasing power standard of each country. In other words, Luxembourg doesn’t come out on top because things are more expensive here than in many other member states but because on a like-by-like basis, we actually consume the most.