For the second year in a row, Luxembourg boasts the highest gross domestic product per head.

The tiny European country clinches the top spot thanks to its small population and stable, finance-led economy. It beats out energy-rich Qatar, where per capita income stands at $104,655.

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Living standards in Luxembourg, flush with foreigners working in financial services, are high and modest growth is projected for 2013 - outpacing most of its peers in the fragile eurozone.