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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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56 days until the 2024 European Digital HealthTech Conference

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Register for a unique conference exploring the challenges of bringing health technologies to the market and their solutions from 14 to 15 May 2024 in Luxembourg. A call for speakers is also open until 16 April.
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International recognition for Fit 4 Start and the LCI

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A publication from the Financial Times and Statista highlights the foundational work carried out by two key organisations in Luxembourg's startup ecosystem.
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Pony.ai to advance autonomous mobility from Luxembourg

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On 6 March 2024, the California-based mobility company signed a memorandum of understanding focused on R&D and deployment of autonomous vehicles in Luxembourg.
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Science-VC partnership spurs Luxembourg healthtech innovation

28-02-2024

The Luxembourg Institute of Health and Catalpa Ventures will support digital health innovation by bridging scientific research and venture capital.
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