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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).
In the 2023 edition of the EU’s Innovation Scoreboard, Luxembourg maintains its position as a strong innovator performing above the EU average with a score of 117.2% and with a 1% improvement compared to 2022. The country is placed in the category of strong innovators.
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In the 2023 edition of the Global Liveability Index of the most liveable cities, Luxembourg came out 19th worldwide and 8th within the European cities cited.
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Luxembourg recorded the second lowest annual inflation rate in the EU, according to the latest July figures shared by the statistical office of the European Union, Eurostat.
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Eurostat’s latest estimates indicate that in 2022, the EU collectively achieved a 2.8% decrease in CO2 emissions from fossil fuel combustion compared to the previous year. Luxembourg recorded the second biggest reduction in CO2 emissions among EU countries.
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11% of investors rank Luxembourg as one of the top three countries in Europe that are most attractive for foreign direct investment according to the EY’s Luxembourg Attractiveness Survey 2023. While investment is primarily driven by the financial sector, the digital economy is expected to be a significant driver of growth.
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