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The grand duchy ranked 19th out of 137 territories in the Global Competitiveness Report 2017-2018, produced by the World Economic Forum, a major Swiss research institute. Locally the WEF worked with the Luxembourg Chamber of Commerce.

No ground-breaking improvements were recorded, the chamber said in a press statement published on 27 September. There has been no overall gain, nor a general loss in the latest results.

Luxembourg retained the same rank as in 2016 in two key sub-categories: 23rd place in “efficiency enhancers” and 16th place for “innovation and sophistication”. However, the country dropped from the 9th to the 10th place for its “basic requirements”. These included Luxembourg’s weakest areas, such as infrastructure and health.

 

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