search

2022 IMD World Competitiveness RankingDenmark comes out on top in the 34th edition of the IMD World Competitiveness Ranking, followed by Switzerland and Singapore. Luxembourg is in 13th position, losing one place compared to 2021 when it ranked 12th.

Strong economic performance

In terms of economic performance, Luxembourg ranks as the most competitive country in the world. This is a considerable improvement from 2021, when it ranked 10th. The country ranks 13th for government efficiency, 20th for business efficiency and 24th for its infrastructure.

2022 challenges

The World Competitiveness Ranking is based on statistical analyses as well as on an opinion survey answered by 5,500 executives in the 63 countries covered. The opinion survey indicates that the three most important trends impacting business in 2022 are inflationary pressures, geopolitical conflicts and supply-chain bottlenecks.

Mitigating the effects of the rising inflation on business profitability and household purchasing power is also one of the challenges that Luxembourg needs to rise to in 2022 according to the Luxembourg Chamber of Commerce, which cooperates with IMD in the realisation of the study. Other Luxembourg challenges listed by the Chamber of Commerce include accelerating the green transition towards a sustainable and decarbonised economy, moving from an extensive economy to an economy characterised by more qualitative growth, addressing difficulties faced by companies to find and retain talent and significantly increasing the housing supply to meet the high demand.

Read more

Luxembourg maintains its AAA rating

15-11-2022

Credit rating agency DBRS Morningstar has once again awarded Luxembourg its AAA rating with a stable outlook, thereby confirming its belief in the country's growth and stable public finances.
Read more

Luxembourg has 8th fastest internet in the world

05-10-2022

With a mean download speed of 131.95, Luxembourg is among the 10 countries that have the fastest internet in the world.
Read more

Luxembourg remains a strong innovator

27-09-2022

Luxembourg remains the 7th best-performing EU country in the 2022 edition of the European Innovation Scoreboard and continues to stand out for its highly attractive research system.
Read more

Luxembourg among top 10 countries for post-COVID FDI recovery

12-09-2022

Foreign direct investment in Luxembourg increased by 85% during the first half of 2022, compared to the first 6 months of 2019.
Read more

Luxembourg economy 3rd most resilient in the world

07-09-2022

Luxembourg remains the world's 3rd most resilient economy in the 2022 FM Global Resilience Index. The country even strengthens its global score compared to last year.
Read more

Resources all news

Fermer