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The Luxembourg Trade & Invest website frequently features articles on how Luxembourg performs in international rankings published by independent organisations. While each benchmark focuses on a specific topic, they provide a more comprehensive picture of the country when combined together.

Ability to safeguard the economy in crisis

A first characteristic that stands out is Luxembourg’s stable economy that is resilient to external shocks. It is constantly AAA rated by credit rating agencies Moody’s, Fitch and Standard & Poor, due to its economic resilience, solid public finances, and robust and transparent institutional framework. When Moody’s introduced environmental, social and governance (ESG) aspects in its assessment methodology, the agency pointed out that Luxembourg has a low exposure to environmental and social risks, high governance performance and a very high capacity to respond to shocks.

Luxembourg also ranked 3rd most resilient economy in the world in the 2021 FM Global Resilience Index. “This report, and several others, highlight how Luxembourg’s healthy economy and institutional stability have helped the country successfully weather the economic crisis triggered by the coronavirus pandemic,” says Lena Mårtensson, Senior Marketing & Communication Manager at Luxinnovation and the main content writer for Luxembourg Trade & Invest. “The strong financial position at the outset of the crisis meant that in spite of the massive support to keep the economy going, and all the investments done in healthcare, Luxembourg still has the 2nd lowest government debt rate in the EU.”

The Luxembourg government is also very pro-business.

“Luxembourg is one of only 4 or 5 AAA-rated countries in the EU. This creditworthiness leaves a margin that can be used for other activities to stimulate the economy,” comments Jenny Hällen Hedberg, who heads Luxinnovation’s International Business Development team. “Small, medium-sized and large companies have better long-term development and growth perspectives in AAA-rated countries. The Luxembourg government is also very pro-business, and there is a plethora of incentives oriented towards business expansion, for example through cooperation with research organisations.”

Luxembourg economy news: Stay updated

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How to succeed with your expansion into Europe: the experts’ top tips

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Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
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Fortress, history, identity

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University of Luxembourg ranks 4th worldwide for its high international outlook

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The University of Luxembourg was ranked among the top 250 universities in the world in the Times Higher Education World University Rankings 2023. The multicultural and research-oriented university in Luxembourg, comprised of over 50% of foreign students, was ranked fourth in the world for its international outlook.
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Luxembourg bags world’s best in talent attraction twice in a row

03-03-2023

Luxembourg’s reputation as the world’s top talent magnet has once again been acknowledged in the 2022 Global Talent Competitiveness Index. For the second year in a row, the Grand Duchy retained its no. 1 position for attracting talents and was ranked 11th out of 133 countries assessed in the index, making it one of the top performers globally.
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Luxembourg’s AAA credit rating affirmed by Fitch and Scope

27-02-2023

Luxembourg retained its AAA rating with a stable outlook in the most recent Fitch and Scope ratings. Both credit rating agencies based their conclusions on Luxembourg’s high economic resilience, good governance indices, and robust public finances. Key takeaways from the rating agencies’ evaluation are detailed below.
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