5 European Countries with the Best Quality of Life

3. Luxembourg

Human Development Index (2021): 0.931

Government Effectiveness (2022): 97.64

Economic Freedom Index (2023): 78.40

Insider Monkey Rating: 88.02 out of 100

Luxembourg is a small country in Western Europe. As of 2021, Luxembourg reported an HDI of 0.931. According to the World Bank, Luxembourg reported a Government Effectiveness rating of 97.64%. The Economic Freedom Index rating of the county is 78.40 as of 2023.