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Economic freedom index 2018

Luxembourg’s economic freedom score is 76.4, making its economy the 14th freest in the 2018 Index. Its overall score has increased by 0.5 point, with improvements in scores for the government spending, labor freedom, and monetary freedom indicators offsetting declines in property rights and trade freedom. Luxembourg is ranked 7th among 44 countries in the Europe region, and its overall score is above the regional and world averages.

Luxembourg’s competitiveness

Luxembourg is one of the world’s wealthiest countries. It has one of the eurozone’s highest current account surpluses as a share of GDP, maintains a healthy budgetary position, and has the region’s lowest level of public debt. Economic competitiveness is sustained by the solid institutional foundations of an open-market system. The judiciary, independent and free of corruption, protects property rights and upholds the rule of law. High levels of regulatory transparency and efficiency encourage entrepreneurial activity.

Luxembourg economic freedom        

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Trail-blazing Industry 4.0

11-11-2019

When Husky Injection Molding Systems decided to implement a major Industry 4.0 project, its production site in Luxembourg was chosen to lead the way. The company's pioneering R&D project has resulted in a completely digitalised production process.
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First direct cargo train from China arrived

04-11-2019

The first direct cargo train linking the Chinese city of Chengdu with the logistics hub in Bettembourg in southern Luxembourg arrived on 1 November.
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Luxembourg signs two new international partnerships on space

23-10-2019

NASA and the Luxembourg Space Agency (LSA) will explore different areas to identify collaboration opportunities. LSA will also cooperate with the German Aerospace Centre on research related to space resources utilisation.
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A Luxembourg base for medical exoskeletons

22-10-2019

ExoAtlet offers paralysed people the opportunity to walk again. The Russian start-up has chosen Luxembourg as the new location of its headquarters in order to target the European rehabilitation market.
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Luxembourg to set up space resources innovation centre

22-10-2019

Over time, the objective is to expand the centre further in collaboration with the European Space Agency and give it a European and even international scope.
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