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24/7 Wall St.: Countries Where People Work Least

8. Luxembourg

Average annual hours per person: 1,565

Average working hours per week: 30.1

Average wage per hour: $46.78 (2nd highest)

2011 unemployment rate: 4.9%

The number of working hours declined 3.2% between 2010 and 2011 in Luxembourg, much higher than the 0.2% drop for all the OECD countries studied. The country’s average annual wages during this time fell by about 2%. The country’s labor laws include a maximum of 40-hour work weeks, with few exceptions, and only 3.7% of employees work 50 or more hours per week. Luxembourg citizens enjoy a GDP per capita of almost $90,000, the highest of the OECD countries studied, and more than twice that of the next highest country, the Netherlands.

(iStock Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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