Luxembourg is the 18 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Luxembourg averaged 21.62 from 2007 until 2019, reaching an all time high of 25 in 2008 and a record low of 18 in 2019. This page provides the latest reported value for - Luxembourg Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Competitiveness Rank - values, historical data and charts - was last updated on July of 2021.

Competitiveness Rank in Luxembourg is expected to reach 19.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Competitiveness Rank is projected to trend around 19.00 in 2021, according to our econometric models.

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Luxembourg Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
18.00 19.00 25.00 18.00 2007 - 2019 Yearly

Luxembourg Business Last Previous Highest Lowest Unit
Business Confidence 121.90 120.20 125.70 74.30 points [+]
Industrial Production -3.40 0.20 17.10 -31.70 percent [+]
Manufacturing Production 26.50 42.50 42.50 -35.00 percent [+]
Capacity Utilization 88.20 75.60 88.20 53.80 percent [+]
Changes in Inventories 0.06 0.36 0.47 -0.35 EUR Billion [+]
Bankruptcies 1198.00 1262.00 1262.00 102.00 Companies [+]
Car Registrations 4471.00 4033.00 6419.00 1166.00 [+]
Internet Speed 11591.05 11059.52 11591.05 2533.23 KBps [+]
IP Addresses 178495.00 194115.00 194115.00 93763.00 IP [+]
Mining Production -9.90 -18.40 219.40 -71.10 percent [+]
Steel Production 113.32 175.00 581.00 39.00 Thousand Tonnes [+]
Competitiveness Index 77.03 76.63 77.03 4.85 Points [+]
Competitiveness Rank 18.00 19.00 25.00 18.00 [+]
Corruption Index 80.00 80.00 90.00 68.50 Points [+]
Corruption Rank 9.00 9.00 19.00 7.00 [+]
Ease of Doing Business 72.00 66.00 72.00 44.00 [+]
Electricity Production 195.52 198.53 381.00 28.00 Gigawatt-hour [+]


Luxembourg Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.