Luxembourg ranks 13th in competitiveness – Delano.lu

Written by Abigail Okorodus
Published on 04.10.2022 • Edited on 04.10.2022 at 11:21
The grand duchy ranked 13 th in competitiveness, according to the latest IMD World Competitiveness Yearbook  Photo: Shutterstock
According to a survey by the IMD World Competitiveness Yearbook analysing 333 competitiveness criteria and covering 63 economies, the grand duchy ranked 13^th in competitiveness, 30^th in digital competitiveness and maintained third place in the talent ranking.
The competitiveness ranking examines the ability of countries to create and maintain a favourable business environment that sustains enterprise competitiveness. While the digital and talent competitiveness ranking analyses countries capacity to adopt and explore digital technologies and retain talent respectively.
In the latest report, the grand duchy raked 13^th compared to 12^th in 2021 and 15^th in 2020.  When ranked among its peer group–Europe, Africa and the Middle East–Luxembourg ranks a bit better in 9^th position.
Luxembourg ranked 1^st for economic performance, 13^th for government efficiency, 20^th for business efficiency and 24^th for Infrastructure.

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