IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL LUXEMBOURG

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Luxembourg

2017 2018 2019 2020 2021

3 2020

8

0.876 2020 0.63 2020 73.3 2020 -1.3 2020 0.00 2020 6.80 2020 0.50 2020 4.29 2020 128.4 2019 -16.06 2019 118,004 2020

11

Exchange Rate (per $)

12

12

15

63

Population - market size (millions)

CHALLENGES IN 2021 Mitigate the effects of the crisis on business profitability by ensuring the continuation of aid programmes as long as necessary. • Mitigate the effects of the crisis on business profitability by ensuring the continuation of aid programmes as long as necessary. • Consolidate the existing health system and build a national health ecosystem to further diversify the economy. • Transition towards a data-based economy by developing an adequate infrastructure to strengthen cyber security and fostering digital up-skilling and re-skilling. • Promote a circular and sustainable economy based on energy and ecological transitions. • Ensure robust growth based on productivity gains. Provid d by: Chamber of Commerce of the Grand Duchy of Luxembourg Chamber of Commerce of the Grand Duchy of Luxembourg

52

Gross Domestic Product (GDP) (US$ billions)

1

GDP (PPP) per capita (US$)

8

Real GDP growth (%)

18

Consumer price inflation (%)

33

Unemployment rate (%)

62

Labor force (millions)

15

Current account balance (% of GDP)

40

Direct investment stocks inward ($bn)

64

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

6

6

7

7

8 6

9

10

10

11

11

13

16

19

20

23

27

31

41

44

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

5

7

7

8

9

9

10

10

11

12

86

IMD WORLD COMPETITIVENESS BOOKLET 2021