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2020 Mercer Cost of Living Survey - rankingComparing the cost of living in different cities is not an easy task as many factors influence. Mercer’s Cost of Living Survey studies factors such as currency fluctuations, cost inflation of goods and services and instability of accommodation prices, which it deems essential for determining the cost of expatriate packages for employees on international assignments.

Highest cost of living

Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in second position. Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. New York City ranked sixth, moving up from ninth place.

Competitive cost levels in Luxembourg

Three European cities, all located in Switzerland, are among the top 10 list of most expensive locations: Zurich (4) remains the most costly European city, followed by Bern (8) and Geneva (9).

Luxembourg is ranked 83rd, which is low compared to cities in neighbouring countries. Paris ranks 50th, Amsterdam 64th, Munich 72nd and Frankfurt 76.

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Luxembourg: Effective management of the COVID-19 health crisis

02-07-2020

A total of 110 coronavirus-related deaths, no new COVID-19 victims since 26 May and, in spite of massive testing, new infections detected per day since mid-May counted in single or double digit numbers: Luxembourg seems to have been successful in its attempts to curb the epidemic.
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Luxembourg one of Europe’s innovation leaders

26-06-2020

The European Innovation Scoreboard, published by the European Commission, ranks Luxembourg among the EU’s innovation leaders. The main reason is the country’s attractive and efficient research ecosystem.
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European DESI Index: Luxembourg in 10th position

12-06-2020

The Digital Economy and Society Index (DESI), measured by the European Commission since 2014, is a good indicator of the progress made by Member States in the digital domain. Luxembourg is well above the European average, particularly in the area of connectivity where it ranks 3rd.
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A new centre for technology development

05-06-2020

In 2019, Luxinnovation supported a growing number of international companies opening offices in Luxembourg. One of them, HighSide, has chosen Luxembourg
as a centre for developing its highly secure messaging and files platform that protects users against phishing, spoofing, mass data breaches and insider threats.
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Luxembourg 7th most resilient economy in the world

28-05-2020

The ability of a country's business environment to withstand disruption and recover strongly is crucial for the individual companies that operate there. Luxembourg ranks as the 7th most resilient economy in the world, in particular due to its strong economy.
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