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Luxembourg has developed a highly sophisticated digital infrastructure and world-class skills in cyber security, big data storage and processing, as well as high-performance computing.
What’s the digital status of global economies in post-pandemic times?
According to the 2021 World Digital Competitiveness Ranking, Luxembourg moved up six places to 22nd overall. The country stands out in particular for its regulatory framework, including scientific research legislation, and capital.
Strong scientific research legislation
Luxembourg’s good performance in the technology category is notably due to its regulatory framework. Indeed, it ranks ninth for its legislation on scientific research. In other terms, Luxembourg’s laws relating to scientific research do encourage innovation.
As for capital, the country ranks first worldwide for its country credit rating and third for its IT & media market capitalisation.
In the future readiness category, the country improves its performance in the three main sub-categories: IT integration, business agility and adaptive attitudes.
The IMD Global Digital Competitiveness Ranking gauges the ability and readiness of 64 economies to adopt and explore digital technologies as a key driver of economic transformation in business, government and society.
Explore international rankings on Luxembourg Trade & Invest
Digital technologies are critical in sustaining economic competitiveness in the future. According to UNESCO Science Report 2021, Luxembourg is one of the five EU members featured among the top ten countries globally for publications on cross-cutting tech per million inhabitants. With 245 publications in the field of cross-cutting strategic technologies, Luxembourg’s scientific output is among…Keep reading
How much does Luxembourg government allocate for R&D? How does it compare with other EU countries? According to Eurostat, Luxembourg devoted the highest allocations in the EU with €648 per person in 2020. In comparison, government budget allocations for R&D at an EU level stood at €225 per person. Research & Development a priority for Luxembourg…Keep reading
What’s the digital quality of life like in Luxembourg? Where does the country stand in Europe and globally? The 2021 Digital Quality Life index assesses 110 countries on the quality of a digital well-being. The global research, which covers 90% of the global population, is calculated by looking at the impact of five core pillars:…Keep reading