ECONOMY AND FINANCE
ECONOMY AND FINANCE
- According to the World Bank Open Data and the IMF, 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 14th among the world’s most competitive countries, gaining 6 positions compared to the year before
- 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 3rd
- 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 New Financial international financial centres index, Luxembourg is the 6th international financial center worldwide and the 3rd in Europe. The study notes that the Grand Duchy is the number 1 recipient of foreign direct investment in financial services, the 2nd-largest hub worldwide for investment funds and the 3rd-largest exporter of financial services
- 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
- According to Standard & Poor’s and Fitch, Luxembourg is one of the few countries in the world to hold a flawless AAA credit rating with a stable outlook. Agencies attribute Luxembourg’s top-tier ranking to its robust institutional capacity, highly competitive financial sector, low government debt levels, and remarkable economic resilience
- According to the Index of Economic Freedom by The Heritage Foundation, Luxembourg ranks 6th of 176 globally (with a score of 79.7). The country is classified as “Mostly Free,” ranking highly for its open markets, investment freedom, and property rights