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

Made with FlippingBook - Online magazine maker