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The ranking is based on data for 117 locations worldwide. The evaluation of economic potential is based on population, population growth rate, unemployment rate, inflation rate, GDP, GDP per capita, average annual GDP growth rate (2013-2017) and projected annual GDP growth rate (2018-2022).
Recent statistics from EUROSTAT show that the Luxembourg government allocate by far the biggest national R&D budget in the European Union in relation to the size of the population.
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Foreign direct investment (FDI) is recovering from the impact of the COVID-19 pandemic, reports EY. With 25 FDI projects announced in 2021, Luxembourg ranks first in Europe in terms of investment projects relative to the population size.
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Luxembourg gains two places compared to 2021 and ranks 6th among the world’s happiest countries. Its high ranking is in particular driven by the country’s strong GDP performance and high levels of freedom and life expectancy.
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Eurostat, the statistics agency of the European Union, has released data on gender inequality in earnings. With a gender pay gap between men and women of 0.7%, Luxembourg comes out on top among the EU member states.
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The 2021 KOF Globalisation Index lists Luxembourg as the 5th most global economy in the world. It also puts the country 1st in the world for social globalisation.
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