Luxembourg has the world’s 3rd most resilient economy
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“After a year of supply chain disruption, political tension and growing climate worries, resilience has become a prized commodity for global businesses, and it’s more prevalent in some places than in others,” says FM Global, author of the 2021 FM Global Resilience Index. The index analyses core drivers of enterprise resilience, with the objective of helping companies assess the capacity of different countries to withstand disruption and, in case of disruption, recover strongly.

2021 FM Global Resilience Index - top 10The solidity and strength of Luxembourg’s economy is obvious in this year’s ranking. The country ranks 3rd most resilient in the world after Denmark and Norway, and progresses four places compared to 2020 when it ranked 7th. With the exception of United States Zone 3 in 9th place, the top 10 of the list covering 130 countries and territories across the world is dominated by Western European countries.

Luxembourg economy resilience #1 in the world

The index is based on three main categories: economy, risk quality and supply chain conditions.

With a score of 100/100, the Luxembourg economy ranks #1 in the world (#3 in 2020). This category focuses on political and macroeconomic influences on resilience such as productivity (for which Luxembourg ranks 1st in the world) and political risk (4th).

In the risk quality category, Luxembourg ranks 15th (compared to 18th in 2020), in particular due to its low exposure to natural hazards (4th). The country also progresses one place to 25th in supply chain, where it ranks 5th for its high control of corruption, 19th for the quality of its infrastructure and 33rd for its supply chain visibility.

Photo credit: Marc Lazzarini

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