The proportion of under 25s living in Luxembourg is shrinking, new figures published to mark International Youth Day (August 12) have revealed.
According to Luxembourg data analysts STATEC, the proportion of young people (aged 10 to 24) in the country’s population fell from 29.4 percent in 2011 to 28.4 percent at the beginning of the year.
The shrinking effect was most marked in the proportion of international young people resident in the country, which fell from 1.7 percent over five years (29 percent to 27.3 percent over the same period). Last year alone, 3,493 foreign nationals people aged under 25 left the country.
The study author does not propose reasons for the phenomenon but one can speculate that for the older people in the age bracket it may reflect a choice to study abroad or in their country of origin. Equally, international young people may be driven to find work abroad if they do not possess the specific skillsets and languages demanded by the main employment sectors in Luxembourg.
Youth unemployment among lowest in Europe
Perhaps because of this mobility, Luxembourg’s rate of youth unemployment is among the lowest in Europe at 17.3 percent compared to the European average of 20.4 percent, the report said.
And it would seem that young people have little to complain about in Luxembourg, which counts the largest proportion of satisfied youngsters in Europe. The report found that seven out of ten young people aged 16 to 24 were happy with their lives, seven out of ten were content with their financial situations and eight out of ten were satisfied with their personal relations. In all areas, youth satisfaction levels in Luxembourg were higher than their peers across Europe.
Furthermore over eight in ten 16 to 24-year-olds had felt happy in the past four weeks compared with seven out of ten young people across Europe.