Luxembourg rises to 12th place in World Competitiveness Yearbook 2021

The Swiss Institute for Management Development (IMD) has published a new edition of its annual report on the competitiveness of countries: The World Competitiveness Yearbook (WCY). The 2021 edition analyzes 64 countries using a multitude of criteria that are both quantitative (statistical indicators) and qualitative (opinion surveys of economic decision-makers and business leaders). The criteria are divided into four pillars: economic performance, the efficiency of public authorities, the business environment and infrastructure.

The general ranking of the WCY 2021 is led by Switzerland ahead of Sweden, Denmark, the Netherlands and Singapore. Luxembourg gains three positions compared to last year and ranks 12th globally.

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