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IMD World Competitiveness Ranking 2019: top 12The IMD World Competitiveness Ranking incorporates 235 indicators taking into account a wide range of “hard” statistics such as unemployment, GDP and government spending on health and education as well as “soft” data from an Executive Opinion Survey covering topics such as social cohesion, globalisation and corruption. This information feeds into four categories – economic performance, infrastructure, government efficiency and business efficiency – to give a final score for each country.

Singapore is ranked as the world’s most competitive economy in the 2019 edition of the ranking, followed by Hong Kong, the United States, Switzerland and the United Arab Emirates.

Strong economic performance

Luxembourg features in 12th place among the 63 ranked economies. Although the country loses one place compared to 2018, it still remains among the best performers.

Luxembourg ranks particularly highly in the category economic performance, where it is in 4th place due to its good results in indicators such as international trade and international investments.

The country considerably improved its performance in terms of government efficiency and moved from place 17 in 2018 to place 10 this year. The positive evolution is mainly due to the low salary differences between men and women and a decreasing disparity of revenues among residents.

Luxembourg ranks 12th for business efficiency and 25th for infrastructure.

Key attractiveness indicators

According to the IMD study, Luxembourg’s five main “key attractiveness indicators” are the following:

  • Policy stability & predictability
  • Dynamism of the economy
  • Business-friendly environment
  • Competitive tax regime
  • Effective legal environment

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Luxembourg supercomputer Meluxina will support digital transformation

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The future high performance computer (HPC) will be part of the European HPC network, EuroHPC.
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Euro-Composites will invest €160 million in Luxembourg

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Composite materials specialist Euro-Composites will invest €160 million in its Luxembourg site in Echternach. The investment programme is supported by the government, the town of Echternach and the state-owned bank Société nationale de crédit et d'investissement (SNCI).
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Luxembourg will host world-class high performance computer

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Luxembourg has been selected to host one of the high performance computers set up under the aegis of the European High Performance Computing Joint Undertaking (EuroHPC). The Luxembourg supercomputer will primarily be used to meet business needs, in particular those of SMEs and start-ups.
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Luxembourg logistics solutions showcased at Transport Logistic fair

07-06-2019

Ideally located in-between several major European consumer markets, Luxembourg provides global companies with many strategic advantages for conducting their business in, from and to Europe. These advantages, as well as developments to further enhance the competitiveness of the country’s logistics solutions, were highlighted at the Transport Logistic fair in Munich on 4-7 June 2019.
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Luxembourg Space Agency publishes new space directory

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The 2019 Space Directory published by the Luxembourg Space Agency provides an up-to-date and in-depth picture of the space industry in Luxembourg today and invites potential partners from abroad to explore the rich potential for research and business relationships.
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