Luxembourg ranks 18th in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. The most competitive economies include Singapore, the United States, Hong Kong, the Netherlands and Switzerland.
Luxembourg ranks 1st among the most competitive countries in the world in terms of macro-economic stability. This is due to its low inflation and favourable debt dynamics. It ranks 9th in the “institutions” category, in particular due to its absence of terrorism attack, low homicide rate and high reliability of police services.
Not very surprisingly, Luxembourg is also in 10th position in the category “Financial system”, mainly due to the soundness of its banks, the low rate of non-performing loans and the availability of venture capital.