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Index of Economic Freedom 2019 - rankingLuxembourg is ranked 9th among 44 European countries in the 25th edition of the Index of Economic Freedom published by the Heritage Foundation. Its overall score is above the regional and world averages. The index defines an economically free society as one where “individuals are free to work, produce, consume, and invest in any way they please. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself”.

According to the study, economic competitiveness is sustained in Luxembourg by an open market system with solid institutional foundations. The legal system is independent and free from corruption. It protects property rights and upholds the rule of law. Entrepreneurial activity is encouraged by high levels of regulatory transparency and efficiency.

Luxembourg’s performance in the twelve subcategories of the study is as follows:

  • “Rule of law”: property rights (83,0), judicial effectiveness (72,4), government integrity (85,8) ;
  • “Government size”: tax burden (65,4), government spending (46,6), fiscal health (98,9) ;
  • “Regulatory efficiency”: business freedom (68,8), labor freedom (45,9), monetary freedom (82,6) ;
  • “Market openness”: trade freedom (86,0), investment freedom (95,0), financial freedom (80,0).

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Composites at the heart of industrial transformation

19-03-2019

Composite materials are playing an increasingly important role in the global economy. This rapid growth is mainly based on the innovative strength of this sector and its players. The JECWorld 2019 exhibition, which was held in Paris from 12 to 14 March, was a great showcase for this subject, with more than 1,300 exhibitors from all over the world. Among them was a Luxembourg delegation that proudly displayed the country's colours on the national pavilion, organised by the Ministry of the Economy.
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Fit 4 Start: First time appearance for HealthTech

15-03-2019

The 7th edition of Luxinnovation’s coaching programme had a new look and feel about it. For the first time since its launch, five start-ups from the health technologies sector were selected, on top of the ten selected from the ICT sector.
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[Blog post] Digital buzz: Dance like a butterfly, swim like a robot

07-03-2019

When the subject of robotics arises, we tend to think of factory assembly lines, lunar buggies and The Terminator. However, the many international missions and contacts of Luxinnovation’s business developer for the digital economy, David Foy, show that robots are playing an increasingly important role across all sectors. In this blog post, David outlines the latest trends.
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A Luxembourg start-up makes German neighbourhoods mobile

05-03-2019

Luxembourg start-up Examotive has designed an innovative and flexible car sharing solution that is quick and easy to use. One year after its commercial launch, the company successfully operates a fleet of 430 cars in Germany and uses Luxembourg as its base for further expansion into other European markets.
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Setting the scene for digital success

05-03-2019

Luxembourg is at the centre of the data-driven economy. Firmly committed to provide an environment where companies can thrive under this new paradigm, the country offers a finely balanced mix of elements to ensure success and security.
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