COUNTRY PROFILE. Luxembourg

Transcription

1 COUNTRY PROFILE Luxembourg

2 Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 0 All data are available from the World Competitiveness Online. Visit our eshop

3 COMPETITIVENESS TRENDS - OVERALL OVERALL PERFORMANCE ( countries) CHALLENGES IN 0 Moving Moving towards towards a sustainable a sustainable growth growth model, model, focused focused on on productivity and following the rd Industrial Revolution strategy. Raise awareness, prepare and qualify the workforce to the digital economy, support digital innovation in SMEs. Improve State governance efficiency and further the entrepreneurial dynamic through administrative simplification. Create a friendly environment for start-ups and boost entrepreneurship. Significantly increase housing supply to meet the rising demand. Provided Chamber of by: Commerce of the Grand Duchy of Luxembourg Chamber of Commerce of the Grand Duchy of Luxembourg BASIC FACTS Rank Capital Land area (square km '000) Luxembourg 0 Exchange Rate (per $) 0. 0 Population - market size (millions) Gross Domestic Product (GDP) (US$ billions). 0 GDP (PPP) per capita (US$) 0,0 0 Real GDP growth (%). 0 0 Consumer price inflation (%).0 0 Unemployment rate (%).90 0 Labor force (millions) 0. 0 Current account balance (% of GDP). 0 Direct investment stocks inward ($bn). 0 Direct investment flows inward (% of GDP). 0 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 0 9 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (0 countries) POPULATIONS < 0 MILLION ( countries)

4 COMPETITIVENESS EVOLUTION & ATTRACTIVENESS INDICATORS COMPETITIVENESS EVOLUTION The criteria below highlight the biggest Improvements and the biggest Declines in the overall performance of the economy. They are determined by the largest percentage changes in the value of each criterion from one yearbook to the next. IMPROVEMENTS WCY 0 WCY 0 DECLINES WCY 0.. Gross fixed capital formation - real growth Consumer price inflation Exchange rate stability Real GDP growth per capita... Patent applications per capita Foreign currency reserves per capita,..0 Youth unemployment Real GDP growth... Relocation threats of R&D facilities....0 Investment in Telecommunications Tax evasion....0 Compensation levels... Relocation threats of services Pupil-teacher ratio (primary education).9..9 Resilience of the economy.... Environment-related technologies High-tech exports (%) Researchers in R&D per capita...0 Image abroad or branding Total health expenditure Legal and regulatory framework Ageing of society Population - growth.... Energy intensity.. Renewable energies (%) Financial risk factor... Unemployment legislation Pupil-teacher ratio (secondary education) Attitudes toward globalization....0 Long-term unemployment.90 WCY , KEY ATTRACTIVENESS INDICATORS From a list of indicators, respondents of the Executive Opinion Survey were asked to select that they perceived as the key attractiveness factors of their economy. The chart shows the percentage of responses per indicator from the highest number of responses to the lowest. Policy stability & predictability Dynamism of the economy Business-friendly environment Competitive tax regime Effective legal environment Skilled workforce Reliable infrastructure Access to financing Open and positive attitudes High educational level Quality of corporate governance Competency of government Strong R&D culture Effective labor relations Cost competitiveness.%.%.%.%.%.%.9%.9%.%.9%.%.%.%.9%.% 0% 0% 0% 0% 0% 0% 0% 0% 0% 90%

5 COMPETITIVENESS TRENDS - FACTOR BREAKDOWN ECONOMIC PERFORMANCE Sub-Factor Rankings : 0 Domestic Economy International Trade International Investment Employment Prices 0 9 GOVERNMENT EFFICIENCY Sub-Factor Rankings : 0 Public Finance 9 Tax Policy Institutional Framework Business Legislation Societal Framework 0 0 BUSINESS EFFICIENCY Sub-Factor Rankings : 0 Productivity & Efficiency Labor Market 9 Finance Management Practices 0 Attitudes and Values 0 0 INFRASTRUCTURE Sub-Factor Rankings : 0 Basic Infrastructure 9 Technological Infrastructure Scientific Infrastructure Health and Environment Education 0

6 BALANCE SHEET - FACTOR BREAKDOWN STRENGTHS WEAKNESSES Economic Performance Rank Economic Performance Rank.. Exports of commercial services (%)..0 Direct investment flows abroad (% of GDP)..0 Direct investment flows inward (% of GDP)..0 GDP per capita.. Trade to GDP ratio.. GDP (PPP) per capita..0 Employment (%)..0 Direct investment stocks inward (% of GDP)..0 Direct investment stocks abroad (% of GDP)..9 Resilience of the economy.. Real GDP growth per capita..0 Exports of goods ($bn)..09 Gross fixed capital formation (%).. Export concentration by partner.. Relocation threats of services..0 Office rent.. Gross fixed capital formation - real growth.. Real GDP growth..09 Exports of goods (%)..0 Youth unemployment Government Efficiency Rank Government Efficiency Rank..0 Adaptability of government policy..0 Interest rate spread..0 Tax evasion..0 Country credit rating..09 Public finances.. Government decisions..0 Risk of political instability..0 Investment incentives..09 Subsidies..09 Legal and regulatory framework..0 Effective personal income tax rate..0 Collected total tax revenues.. Start-up days..0 Corporate tax rate on profit..0 Foreign currency reserves per capita..0 Employee's social security contribution rate..0 Government subsidies..09 Consumption tax rate 9 Business Efficiency Rank Business Efficiency Rank..0 Banking sector assets..0 Labor productivity (PPP).. Labor force (%)..0 Corporate boards..0 Overall productivity (PPP)..0 Investment risk..0 Credibility of managers.. International experience.. Foreign highly-skilled personnel.. Employee training..0 Remuneration in services professions..0 Working hours..0 Remuneration of management.. Female labor force..0 Compensation levels.. Skilled labor Infrastructure Rank Infrastructure Rank.. Patent applications per capita..9 Value added of KTI industries..0 Population - growth.. Number of patents in force..0 Pupil-teacher ratio (primary education).. Language skills..0 Total R&D personnel per capita.. Electricity costs for industrial clients..9 Cyber security..0 Internet users 9..0 Investment in Telecommunications..0 Secondary school enrollment.. Renewable energies (%).. Qualified engineers.. High-tech exports (%)..0 Total health expenditure.. Environment-related technologies..0 Total public expenditure on education.. ICT service exports..0 Mobile Broadband subscribers 0 9 9

7 0 release: 9 th June WORLD COMPETITIVENESS DIGITAL RANKING 0 All data are available from the World Competitiveness Online. Visit our eshop

8 DIGITAL TRENDS - OVERALL OVERALL PERFORMANCE ( countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors Knowledge Talent Training & education Scientific concentration 0 0 Technology Regulatory framework Capital Technological framework The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - years OVERALL Knowledge Technology Future readiness COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 9 0 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (0 countries) POPULATIONS < 0 MILLION ( countries)

9 u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES KNOWLEDGE Subfactors Talent 0 Training & education 9 0 Scientific concentration Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math Employee training Total expenditure on R&D (%) International experience Total public expenditure on education 0 u Total R&D personnel per capita Foreign highly-skilled personnel Higher education achievement Female researchers Management of cities 0 u Pupil-teacher ratio (tertiary education) w R&D productivity by publication Digital/Technological skills 9 w Graduates in Sciences u Scientific and technical employment w Net flow of international students 9 w Women with degrees High-tech patent grants TECHNOLOGY Subfactors Regulatory framework 9 0 Capital Technological framework Regulatory framework Rank Capital Rank Technological framework Rank Starting a business u IT & media stock market capitalization Communications technology Enforcing contracts Funding for technological development 0 Mobile Broadband subscribers Immigration laws 9 Banking and financial services Wireless broadband Technological regulation Investment risk Internet users Scientific research legislation Venture capital Internet bandwidth speed Intellectual property rights Investment in Telecommunications w High-tech exports (%) FUTURE READINESS Subfactors Adaptive attitudes 9 Business agility 9 IT integration 0 Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation Opportunities and threats 9 E-Government Internet retailing - Innovative firms Public-private partnerships Tablet possession - Agility of companies Cyber security Smartphone possession - Use of big data and analytics 9 u Sofware piracy Attitudes toward globalization Knowledge transfer

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