On 15 February 2016, fDi Magazine (belongs to the Financial Times group) published a new edition of its ranking 'European Cities & Regions of the Future 2016/2017', measuring the attractiveness of European cities and regions for foreign investors. In this 2016 edition, the City of Luxembourg ranks 9th in the overall ranking of European cities of the future.
The attractiveness of cities and regions is measure on the basis of foreign investment, economic development and growth potential. The indicators used to measure the attractiveness are divided into 5 categories:
- economic development potential,
- human resources and quality of life,
- costs, infrastructure,
- business environment,
- policies implemented for the promotion of foreign investment.
Based on the performance obtained, cities and regions are then rated on a scale of 1-10 (maximum). Among small cities in Europe, the City of Luxembourg ranks first in the overall ranking and for economic development potential.
Among the cities of Western Europe, the City of Luxembourg ranks 6th overall and it is certified the highest average GDP growth among cities in Western Europe.
Finally, the region of Luxembourg ranks 4th in Europe among regions classified as small.
(Source: Observatory for Competitiveness)