ECONOMY AND FINANCE
ECONOMY AND FINANCE
- According to the World Bank Open Data, Luxembourg ranks number 1 in terms of GDP per capita in the world
- According to Eurostat, Luxembourg’s residents possess the highest purchasing power in the EU, more than 40% above the EU average
- According to Eurostat, Luxembourg’s average salary is the highest in the EU
- According to the IMD World Competitiveness Yearbook, Luxembourg ranks 20th among the world’s most competitive countries
- According to the FM Resilience Index, Luxembourg ranks 2nd globally in economic resilience index. According to FM Global, the results underline Luxembourg’s strong governance, economic stability and continued focus on long-term risk management
- According to the Legatum Prosperity Index, Luxembourg is the 7th most prosperous country in the world, and according to the HelloSafe Prosperity Index, the country ranks 1st
- According to the ICC – Open Market Index, Luxembourg is the 3rd most open country to international trade
- According to Forbes’ “Best Countries for Business” index, Luxembourg is ranked 23rd out of 161 countries most conducive to business
- According to the Innovators Business Environment Index (IBEI), Luxembourg is the 13th top business destination worldwide
- According to the Global Tax Competitiveness Index by Tax Foundation, the country ranks 6th in terms of international tax competitiveness
- According to the Global Soft Power Index by Brand Finance, a study that measures the power of influence of countries and its implications for policymakers and brands, Luxembourg ranks 29th of 193
- The European Cities and Regions of the Future by fDi Intelligence, which measures the attractiveness of European cities and regions for foreign investors, ranks Luxembourg City 1st in the “small cities” category
- According to the Logistics Performance Index of the World Bank, Luxembourg ranks 26th out of 138 for its ability to ensure the rapid and reliable international movement of goods
- According to the Global Financial Centres Index (GFCI), Luxembourg is the 19th most important financial centre out of 119
- According to Eurostat, Luxembourg has the third lowest level of public debt in the European Union, at 26.3% of GDP, just behind Estonia (23.6%) and Bulgaria (24.1%)
- According to Eurostat, Luxembourg is number 3 with the largest share of people in high-skilled employment
- According to Eurostat, Luxembourg is one of the most highly educated countries in the world, ranking 2nd out of the 32 countries analyzed. Indeed, among residents aged 25 to 34, 66.3% hold a higher education diploma