Luxembourg among the world’s most innovative economies
08 December 2020
Luxembourg the ranks 18th most innovative economy in the world in the 2020 edition of the Global Innovation Index. The country stands out for its ICT access, venture capital deals, knowledge-intensive employment and online creativity.
Luxembourg ranks 18th in the Global Innovation Index 2020, thus maintaining its position of last year. Co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO), the index at providing insightful data on innovation and assisting economies in evaluating their innovation performance and making informed innovation policy considerations. The 2020 edition ranks Switzerland, Sweden and the US as the most innovative economies in the world. In total, it covers 131 economies.
The index is based on 7 main pillars, made up of 80 indicators. Luxembourg stands out for its performance in the pillar “Creative Outputs”, where it ranks 3rd, and “Business sophistication”, where it ranks 9th.
When looking at the individual 80 indicators, Luxembourg is one of the economies that consistently holds the top global spots. It is #1 in following categories:
- Tertiary inbound mobility
- ICT access
- Venture capital deals
- Knowledge-intensive employment
- Patent families 2+ offices
- Intellectual property payments
- Cultural and creative services exports
- National feature films
- Online creativity
Luxembourg also ranks high in environmental performance (2nd) and political and operational stability (3rd).
Employment of diplomaed young people in Science & Technology: Luxembourg ranks 1st in the EUEurostat has released new statistics on research and development at regional levels. In 2021, there were 13.2 million young people…
Luxembourg rises to third place in the EU’s 2022 eGovernment BenchmarkLuxembourg was ranked third in Europe in the ‘eGovernment Benchmark 2022‘ ranking by the European Commission. The eGovernment Benchmark compares…
University of Luxembourg ranked in the top 250 universities worldwideThe 2023 Times Higher Education’s (THE) World University Rankings have placed the University of Luxembourg among the top 201-250 universities…
Luxembourg ranked 1st in EU employment attractivity pollIn the 2022 report “Brain gain or drain? How shifts in international job search are accelerating global competition for talent”…
Luxembourg’s ‘Attractive Research Systems’ Ranks First in the 2022 European Innovation ScorecardIn the 2022 European Innovation Scoreboard, which assesses the performance of countries in the field of innovation, Luxembourg stood out…
Technoport: Luxembourg’s national technology incubatorPhoto credit © Technoport Collaboration with industry and the private sector businesses is central to Research Luxembourg. Through cooperation, research actors…
Luxembourg ranks first in Oxford Economics’ European City IndexThe 2022 Oxford Economics ‘European City Index’ has ranked Luxembourg first place in its benchmark of 100 major European cities. …
Luxembourg remains the biggest investor in R&D per capitaAccording to Eurostat, Luxembourg devoted the highest allocations in the EU with €689 per person in 2021, representing a year-on-year…