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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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Sustainability is one of the major market trends identified by Luxinnovation that will shape the post COVID-19 economy. Head of Market Intelligence Sara Bouchon speaks about how the increased awareness of sustainability issues brought by the coronavirus crisis will influence both policy makers’ choices and consumers’ preferences in the next few years.
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How digitalisation will drive growth and transform society

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Digitalisation is one of the four megatrends identified by Luxinnovation that will radically transform business and society after the COVID-19 crisis. Market Intelligence Analyst Mohamed Toumi provides insights into how companies will need to transform their activity in the coming years to retain a competitive edge.
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Luxembourg will host the European space resources innovation

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A cooperation agreement was signed between the Luxembourg Space Agency (LSA) and Luxembourg Institute of Science and Technology (LIST) in view of the creation by the end of 2020, in Luxembourg, of a European Space Resources Innovation Centre, called ESRIC in abbreviated form.
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Luxembourg passport 4th best in the world

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Luxembourg passport holders are among those that have the most freedom to travel in the world. They can access 188 different countries without having to apply for a visa in advance.
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Luxembourg 3rd best city for expats

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Luxembourg City ranks 3rd in the world among the most attractive locations for expatriates. The ranking focuses on financial aspects and lifestyle.
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