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Economic freedom index 2018

Luxembourg’s economic freedom score is 76.4, making its economy the 14th freest in the 2018 Index. Its overall score has increased by 0.5 point, with improvements in scores for the government spending, labor freedom, and monetary freedom indicators offsetting declines in property rights and trade freedom. Luxembourg is ranked 7th among 44 countries in the Europe region, and its overall score is above the regional and world averages.

Luxembourg’s competitiveness

Luxembourg is one of the world’s wealthiest countries. It has one of the eurozone’s highest current account surpluses as a share of GDP, maintains a healthy budgetary position, and has the region’s lowest level of public debt. Economic competitiveness is sustained by the solid institutional foundations of an open-market system. The judiciary, independent and free of corruption, protects property rights and upholds the rule of law. High levels of regulatory transparency and efficiency encourage entrepreneurial activity.

Luxembourg economic freedom        

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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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