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The ranking, which is established by IMD World Competitiveness Center, is based on 260 different indicators grouped together in four main categories:

  • economic performance
  • government efficiency
  • business efficiency
  • infrastructure

International investment and trade

Luxembourg’s high ranking in the economic performance category is mainly due to its high level of international investment (2nd place) and international trade (4th place). The country also ranks 8th in the business efficiency category, thanks to its excellent performance in terms of finance (3rd place) and productivity & efficiency (8th place).

Policy stability

Respondents of the Executive Opinion Survey, which is part of the study, were asked to select 5 indicators from a list of 15 that they perceived as key attractiveness factors of their economy. The three top factors for Luxembourg are the following:

  • Policy stability and predictability: 79%
  • Dynamism of the economy: 57%
  • Business-friendly environment: 56%

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“Efficient support, impressive open-mindedness”

09-07-2024

Japanese deeptech startup Thermalytica speaks about launching its innovative insulation technology from Luxembourg for European market expansion.
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Teraki opens Luxembourg office with plans to scale

03-07-2024

In April 2024, German Teraki registered a new office in Luxembourg, from where it plans to expedite market entry for AI-driven autonomous vehicle solutions.
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Exploring European business expansion at Nexus 2050

01-07-2024

Numerous international innovative companies attended tech event Nexus 2050 to discover opportunities for further European business expansion through Luxembourg.
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15 startups graduate from the Fit 4 Start #14 programme

28-06-2024

The 2024 Fit 4 Start Graduate Showcase, held at Luxexpo The Box alongside the Nexus 2050 event, celebrated 15 startups that successfully completed the 14th edition of the startup acceleration programme managed by Luxinnovation.
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Luxembourg's investor appeal surges

18-06-2024

72% of senior executives surveyed by EY plan to invest in Luxembourg within the next year. The country also remains the top destination for FDI projects per capita.
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