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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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Mapping hotel DNA

06-11-2018

Luxembourg-based start-up Travelsify uses artificial intelligence to help internet users find the hotels and restaurants that can provide them with exactly the experience they are looking for. The company has recently raised €5 million in a new funding round led by AccorHotels.
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Start-up expertise for safeguarding data

06-11-2018

Data has become the most precious asset in the new digital economy – and, as a consequence, the target of increasingly frequent and sophisticated cyber attacks. Luxinnovation spoke to four start-ups about current cybersecurity trends and their view of the Luxembourg cybersecurity ecosystem.
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Luxembourg on top 10 list for economic potential of digital economies of the future

02-11-2018

The country is ranked 8th in the world and 2nd in Europe for economic potential in the fDi’s Digital Economies of the Future 2018/19 study.
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Funding, network, innovation

31-10-2018

Two more years and ample budgets still remain of Horizon 2020, the EU’s framework programme for research and innovation for the period 2014-2020. Over 80 participants joined Luxinnovation’s Horizon 2020 Day on 25 October to discover the funding opportunities available in 2019 and 2020 and learn more about how to apply for funding and manage Horizon 2020 projects with success.
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Luxembourg and Poland sign cooperation agreement for space activities

29-10-2018

Poland is the sixth country to sign a collaboration agreement with Luxembourg in the field of space activities and, in particular, the exploration and utilisation of space resources. This international interest confirms Luxembourg’s leading role in this highly innovative area.
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