Luxembourg digital competitiveness on the rise
17 November 2021
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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
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