search

The Luxembourg Trade & Invest website frequently features articles on how Luxembourg performs in international rankings published by independent organisations. While each benchmark focuses on a specific topic, they provide a more comprehensive picture of the country when combined together.

Ability to safeguard the economy in crisis

A first characteristic that stands out is Luxembourg’s stable economy that is resilient to external shocks. It is constantly AAA rated by credit rating agencies Moody’s, Fitch and Standard & Poor, due to its economic resilience, solid public finances, and robust and transparent institutional framework. When Moody’s introduced environmental, social and governance (ESG) aspects in its assessment methodology, the agency pointed out that Luxembourg has a low exposure to environmental and social risks, high governance performance and a very high capacity to respond to shocks.

Luxembourg also ranked 3rd most resilient economy in the world in the 2021 FM Global Resilience Index. “This report, and several others, highlight how Luxembourg’s healthy economy and institutional stability have helped the country successfully weather the economic crisis triggered by the coronavirus pandemic,” says Lena Mårtensson, Senior Marketing & Communication Manager at Luxinnovation and the main content writer for Luxembourg Trade & Invest. “The strong financial position at the outset of the crisis meant that in spite of the massive support to keep the economy going, and all the investments done in healthcare, Luxembourg still has the 2nd lowest government debt rate in the EU.”

The Luxembourg government is also very pro-business.

“Luxembourg is one of only 4 or 5 AAA-rated countries in the EU. This creditworthiness leaves a margin that can be used for other activities to stimulate the economy,” comments Jenny Hällen Hedberg, who heads Luxinnovation’s International Business Development team. “Small, medium-sized and large companies have better long-term development and growth perspectives in AAA-rated countries. The Luxembourg government is also very pro-business, and there is a plethora of incentives oriented towards business expansion, for example through cooperation with research organisations.”

Luxembourg economy news: Stay updated

Read more

LIST-NUXE research partnership for innovative natural cosmetic ingredient

21-10-2021

The Luxembourg Institute of Science and Technology (LIST) and Société de Recherche Cosmétique (SRC) have announced the launch of their first joint innovation project. Their cooperation is aimed at developing a new, innovative natural cosmetic ingredient to be used by French cosmetics producer NUXE Group.
Read more

International rankings (2/4): International, innovative and competitive Luxembourg

19-10-2021

Luxembourg Trade & Invest continues to look at what international rankings say about Luxembourg when put together. Today, the focus is on internationalisation, innovation and competitiveness.
Read more

The first local point of entry

11-10-2021

The Luxembourg Trade and Investment Office (LTIO) Abu Dhabi plays a key role as local coordinator and business contact during Luxembourg’s participation at Expo 2020 Dubai. Executive Director Loïc Bertoli speaks about Expo ambitions and business benefits.
Read more

Luxembourg allocates largest R&D budget per person in the EU

08-10-2021

According to Eurostat, Luxembourg devoted the highest allocations to R&D in the EU with €648 per person in 2020.
Read more

The city where skateboarding is not a crime

08-10-2021

"The city is a halfpipe," claims Visit Luxembourg and refers to the great skateboarding spots that can be found in the very city centre. A feature that attracts young, urban and open-minded people from across the world.
Read more

Resources all news

Fermer