IMD World Competitiveness Booklet 2022
Competitiveness Country Profiles
Luxembourg Competitiveness Trends – Overall
OVERALL PERFORMANCE (63 countries)
BASIC FACTS
Rank
2018
2019
2020
2021
2022
Capital Land area (square km '000)
Luxembourg
3 2021
0.845 2021
11
Exchange Rate (per $)
12
12
13
15
0.63 2021 62 86.7 2021 50
Population - market size (millions)
Gross Domestic Product (GDP) (US$ billions)
131,875 2021 01 6.9 2021 19 3.47 2021 39 5.58 2021 30 0.51 2021 61 4.77 2021 17 627.4 2020 15 84.72 2020 02
CHALLENGES IN 2022
GDP (PPP) per capita (US$)
• Mitigate the effects of rising inflation rates (including the booming prices of raw materials and energy prices) on business profitability and household purchasing power. • Accelerate the green transition towards a sustainable and decarbonised economy via the development of ecotechnologies. • Move from an extensive economy to an economy characterised by more qualitative growth, based on a circular development cycle. • Address difficulties faced by companies to find and retain talents in the short and longer terms.
Real GDP growth (%)
Consumer price inflation (%)
Unemployment rate (%)
Labor force (millions)
Current account balance (% of GDP)
Direct investment stocks inward ($bn)
Direct investment flows inward (% of GDP)
PROVIDED BY: Luxembourg Chamber of Commerce
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 2
8
9 13 8 11
9
12
13
14
21
24
30
31
39
40
41
51
PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)
POPULATIONS < 20 MILLION (36 countries)
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
7
8
9
9
9
10
10
11
11
12
87
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