Benchmarks

Let words be words and bring in the numbers instead. Rankings, studies, statistical data – in this section you will get a solid overview of the latest facts and figures that define Luxembourg
ICT

Luxembourg at the cutting edge of digital

Luxembourg confirms its position of 5th place in the Digital Economy & Society Index, the European Commission index that measures the digital performance of Member States.

On 18 May 2018, the European Commission published its annual Digital Economy & Society Index (DESI) report, the European index which measures the performance of the digital economy and society in the countries of the European Union. Luxembourg confirms its position of 5th place.

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Quality of life

Luxembourg City attracts expats

According to the 2018 Global liveability ranking, Luxembourg City is one of the top ten most attractive cities for European expats.

In March 2018, ECA International, a solution and information provider for international human resources professionals, released a new edition of its report on liveable cities for European expats across the globe: the 2018 Global liveability ranking. This year, Copenhagen, Bern and The Hague made it to the top of the global ranking. Luxembourg City is in 9th position worldwide.

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Economy

Luxembourg, the second richest region in Europe

According to the 2017 edition of the Eurostat regional yearbook, GDP per capita in Luxembourg is 257% of the European average.

In 2016, Eurostat recorded a GDP per capita, expressed in purchasing power standards, of €75,100 for Luxembourg. This represents 257% of the average of all regions in the 28 European Union Member States, which stands at €29,200. It places Luxembourg second in the ranking of EU regions, beaten only by Inner London – West, whose GDP per capita was 580% of the EU average.

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Studies

Luxembourg: growth potential is high

According to the Growth Promise Indicators (GPI) study, which examines the sustainable growth prospects of countries, Luxembourg is in third place among 180 countries.

According to a study by KPMG, Luxembourg is ranked in third place in terms of growth potential. The overall classification of the Growth Promise Indicators (GPI) is headed by the Netherlands, followed by Switzerland in second place and Norway in fifth place. The only non-European countries among the first ten on the list are Hong Kong, ranked fourth, and Singapore in seventh place.

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Health

An exemplary healthcare system according to HCP

In the new Euro Health Consumer Index report published by Health Consumer Powerhouse (HCP), the Grand Duchy stands out among the 35 European countries polled.

Luxembourg has one of the most effective healthcare systems in Europe, sharing fourth place with Norway, behind the Netherlands (1st), Switzerland (2nd) and Denmark (3rd).

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Economy

Global Competitiveness Index: Europeans largely dominate

Luxembourg ranks 10th in the latest edition of the Global Talent Competitiveness Index, while Switzerland retains its number 1 position.

The international business school INSEAD recently published the latest edition of its Global Talent Competitiveness Index (GTCI) produced in partnership with the Adecco Group and Tata Communications.

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Economy

Luxembourg, a synonym for a high standard of living

According to the Inclusive Development Index, which ranks 103 countries by standard of living, the Grand Duchy is in third place, behind Norway and Iceland.

According to a study by the World Economic Forum (WEF), the Grand Duchy is one of the industrialised countries that offer the best living conditions. In the annual Inclusive Development Index for 2018, the Grand Duchy has moved into third place, out of the total of 103 countries included in the study. Among the countries with an advanced economy, the Grand Duchy is only beaten by Norway and Iceland; it is ahead of the G7 countries (Germany (12th place), Canada (17th place), France (18th place), Great Britain (21st place), USA (23rd place), Japan (24th place) and Italy (27th place).

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Taxation

"Paying Taxes 2018" report

The World Bank and PwC have published the 12th edition of the "Paying Taxes" report, which analyses the complexity of tax systems in 190 countries worldwide.

In the latest edition of the "Paying Taxes" study, Luxembourg is ranked 21st out of 190, with a score of 87.37. The aim of the report is to gauge the complexity of the national tax systems for companies.

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Employment

IMD World Talent Report: Luxembourg in the Top 10

The Swiss institute IMD has just published its 2017 edition of its World Talent Report which analyses the attractiveness of 63 countries worldwide for attracting talent.

The Grand Duchy is in the top 10 of the list of countries that are best at attracting, developing and retaining talents in their territory.

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Employment and work

The 'Quality of work Index Luxembourg' (Qow) looks at our well-being in relation to work

This 5th edition of the national survey "Quality of work Index" reaches a nuanced conclusion: yes, technology allows greater productivity but at the expense of mental health of the employees.

The 'Quality of work Index Luxembourg' (Qow) is a survey, carried out annually since 2013, that makes it possible to collect data on working conditions and the quality of employment in the Grand Duchy.

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ICT

4G network: good results for Luxembourg

Singapore comes first place in terms of 4G connection speed, while Luxembourg is in 6th place among 77 countries.

Since the advent of 4G networks, web surfing speeds are much higher than with 3G. The best benchmarks in terms of these networks are South Korea and Singapore, one for its coverage, the other for its speeds.

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Taxation

Tax system - improvements in the Grand Duchy

The International Tax Competitiveness Index (ITCI) for 2017 shows that the Grand Duchy has a very competitive tax system as compared to the other OECD countries.

"The structure of a country’s tax code is an important determinant of its economic performance." This is the opening sentence of the International Tax Competitiveness Index (ITCI) for 2017 produced by the American Tax Foundation group, which looks at the tax systems of the countries that are members of the Organisation for Economic Cooperation and Development (OECD).

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Economy

The Grand Duchy is the fourth most competitive country in the EU

According to the recently published 2017 competitiveness report, the Grand Duchy has moved up three places compared with its position in 2015.

Le Luxembourg se classe en 4e position dans l’Union européenne dans le tableau de bord compétitivité 2017, élaboré par l’Observatoire de la compétitivité (ODC). Le nouveau tableau de bord, mesurant la compétitivité du pays en comparaison avec les 27 autres États

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Companies

Entrepreneurship remains attractive in Luxembourg

According to the international study 'Global Entrepreneurship Monitoring', the rate of entrepreneurs has reached 9.2% in the Grand Duchy.

Within the framework of the international programme 'Global Entrepreneurship Monitoring', Luxembourg's national institute for statistics Statec, in partnership with the Ministry of the Economy and the Chamber of Commerce, has just presented the results of a study on entrepreneurship in Luxembourg. According to this study, the proportion of new entrepreneurs has reached 9.2% and thus remains above the European average of 8.6%.

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Cooperation and Humanitarian Action

Luxembourg recognised for its development aid

Following the peer review of Luxembourg carried out by the Development Assistance Committee (DAC) in Paris, the country was praised for its generous contribution to official development assistance.

Every five years, each DAC member is given a peer review designed to monitor the implementation of the country's commitments and make recommendations for improvement.

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Finance

Fitch confirms Luxembourg's AAA rating

The outlook is stable

On 13 October 2016, rating agency Fitch Ratings confirmed the 'AAA' rating for the Grand Duchy of Luxembourg with a 'stable' outlook. The favourable situation of Luxembourg's public finances is a key element justifying this rating.

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Economy

Luxembourg ranks 19th worldwide in terms of competitiveness

The World Economic Forum (WEF) has just published its new comparative study of the competitiveness of 137 countries.

Le Forum économique international (WEF) vient de publier sa nouvelle étude comparative de la compétitivité de 137 pays. Une moyenne de 5,23 sur 7 Dans sa nouvelle édition de l’étude comparative de la compétitivité, publiée fin septembre, le Forum économique mondial

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Finance

DBRS confirms Luxembourg's 'AAA' rating with a stable outlook

On 22 September 2017, the credit rating agency DBRS confirmed the Grand Duchy of Luxembourg's 'AAA' rating with a stable outlook.

En date du 22 septembre 2017, l'agence de notation financière DBRS a confirmé la notation "AAA" du Grand-Duché du Luxembourg avec tendance stable.

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Education and training

OECD Education at a Glance 2017 – higher education under the microscope

Luxembourg excels in gender equality and percentage of graduates

In September, the Organisation for Economic Co-operation and Development (OECD) published the latest edition of "Education at a Glance". This report, which assesses the education and training systems in OECD countries on the basis of several indicators, places Luxembourg first for gender wage equality and in the leading group for the share of 25 to 34-year-olds with a tertiary degree.

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Quality of life

Luxembourg makes people feel safe

In the ranking of least stressful cities, Luxembourg and Germany come out on top.

If you're looking for a better quality of life, less pollution, more space, silence, tranquillity and a sense of security, you're best off heading to Western Europe. Those are the findings of a study by the company Zipjet, which has recently "examined the overall mental health" of 150 cities around the world on the basis of the main factors associated with stress, including urban aspects, pollution, finance and personal well-being.

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Finance

Standard & Poor's confirms Luxembourg's "AAA" rating with stable outlook

On 15 September 2017, the rating agency Standard & Poor's (S&P) once again confirmed Luxembourg's "AAA" credit rating and assigned the country a stable outlook.

The S&P rating reflects the favourable momentum of the Luxembourg economy, with growth estimated at 3.4% for the period from 2017 to 2020. This positive trend can be explained by a recovery in consumption as a result of the implementation of the tax reform in 2017, as well as sustained growth in financial services.

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Economy

Luxembourg ranks third in the ICC's Open Markets Index 2017.

The Grand Duchy beats over 72 countries in terms of overall openness

At the start of July 2017, the International Chamber of Commerce (ICC) published a new edition of its Open Markets Index (OMI) study. The study makes it possible to compare the openness to international trade of 75 countries worldwide. The OMI has four main areas of focus which are further divided into 23 indicators in order to cover all openness factors.

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Research and innovation

Luxembourg – one of the world's most innovative countries

Luxembourg is ranked 12th in the tenth edition of the Global Innovation Index.

Since 2007, Cornell University, INSEAD and the World Intellectual Property Organization have published an annual Global Innovation Index. This composite index is a precious tool for comparing and evaluating the ongoing progress made by different countries in the area of innovation. In the 2017 edition, Luxembourg came 12th with a score of 56.40.

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Research and innovation

The Grand Duchy of Luxembourg is a strong innovator

The European Commission has just published its annual report on innovation across the EU.

The European Innovation Scoreboard is published each year in order to compare the level of innovation of the different countries in the European Union. In 2017, the Grand Duchy is considered a 'strong innovator', and ranks 8th, above the European average.

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Economy

Luxembourg tops the European actual individual consumption (AIC) ranking

According to Eurostat figures, consumption levels in Luxembourg are 32% above the EU average

The Eurostat indicator for actual individual consumption (AIC) confirms that Luxembourg is way out in front in the European ranking. The level of actual individual consumption per capita in the small country at the centre of the European Union (EU) stands at 132% of the EU average.

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Economy

Cost of living - Switzerland leads the field in Europe

According to the Cost of Living study carried out by ECA International, the capital of Angola is the most expensive city to live in worldwide.

The world's most expensive places for expats to live are not always the ones you think. Although there is a tendency to say that London and New York are the most expensive cities in the world, it's not true. The cost of living in a developing country can in fact be higher.

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Economy

World Competitiveness Yearbook: Grand Duchy ranks 8th in the world

Having moved up from 11th to 8th position in the space of a year, the Grand Duchy is back in the top 10 of the world's most competitive countries.

The 2017 edition of the World Competitiveness Yearbook, produced by Switzerland's International Institute for Management Development, analyses the competitiveness of 63 countries, using 260 different criteria. The criteria are grouped in four categories: economic performance, effectiveness of public authorities, business environment, and infrastructures.

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Economy

The financial sector is booming

The Grand Duchy is consolidating its position as a top financial centre.

The Grand Duchy is the leading centre of private banking in the euro area and the second most important centre worldwide for investment funds. The Grand Duchy's financial sector attracts private and institutional investors because of its political, economic and social stability, its modern legal and regulatory environment, and its international outlook. According to the latest figures published by Luxembourg's central bank and the ALFI (Association of the Luxembourg Fund Industry), financial activity in the Grand Duchy is tending to increase.

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Economy

Luxembourg in 19th place on the 2017 globalisation index

The Swiss Federal Institute of Technology in Zurich (ETH) just published its 2017 edition of the composite globalisation index 'KOF'.

This index reflects the state of globalisation in 187 countries throughout the world, based on 23 variables grouped into 3 sub-categories: economic globalisation (36% ponderation in the KOF index), social globalisation (37% ponderation), political globalisation (27% ponderation).

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Quality of life

What are the most favorable towns for European expats?

ECA International has recently issued its annual "Global Liveability ranking". Luxembourg-City is listed among the Top 10 cities.

ECA International, an HR solution and information provider, has recently published its annual ranking of the most favorable cities for European expats. Luxembourg comes 9th among more than 470 cities analysed throughout the world.

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Quality of life

Luxembourg - nowhere near the most expensive city in the world

The EIU has just published its cost of living survey of more than 130 cities worldwide. Luxembourg City is far from being among the most expensive.

Luxembourg takes 62nd place among the 133 cities analysed. The cost of living has remained stable compared with last year. It shares its ranking with a number of other cities, including Dubai, Montreal and Istanbul. The large cities in the countries neighbouring the Grand Duchy are considered to be more expensive: Paris and Geneva are in 7th place, Frankfurt in 23rd place, Brussels in 39th place, and Amsterdam in 55th place.

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Finance

The Grand Duchy - a financial marketplace of choice

The 21st edition of the Global Financial Centres Index has just been published. The Grand Duchy ranks 18th worldwide, and 1st in the euro area.

The London consultants Z/Yen have just published their latest report on the competitiveness of the world's financial centres. The global ranking lists 88 centres; the Grand Duchy has held its position as leader in the euro area for the past four years.

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Economy

Luxembourg's 'AAA' confirmed by DBRS

The Canadian rating agency is the number 4 among the big agencies

One week after S&P, the Canadian rating agency DBRS confirms the AAA rating of Luxembourg, the trend remaining stable.

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Economy

S&P confirms Grand Duchy's 'AAA' rating

On 17 March 2017, the rating agency Standard & Poor's (S&P) confirmed the 'AAA' rating of the Grand Duchy of Luxembourg, with a stable outlook.

In its analysis, S&P emphasised the flourishing character of Luxembourg's economy, the efficiency of its institutions and public governance, as well as the prudent budget policy pursued by the Government. The agency is anticipating average GDP growth of 3.4% for the period 2017-2020. In particular, it expects a strengthening of household consumption following the implementation of the 2017 tax reform.

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Finance

Economy: the Grand Duchy is doing well

The investment fund sector remains the largest in Europe and the second largest in the world, after the USA.

In the field of the economy, finance and employment, the Grand Duchy is in a position well above the average for the countries of the European Union.

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  • Updated 18-05-2018