Finance is just one sector of our diverse economy. Among the country’s largest employers is the world’s top steel manufacturer ArcelorMittal, as well as Goodyear, Luxair, and Amazon. Recently, Luxembourg has jumped into the space industry, which now accounts for two percent of GDP.
Don’t worry if you don’t speak French, German, or Luxembourgish, the three official languages. English is widely spoken in Luxembourg, with the country graded as “very proficient” in the 2018 EF English Proficiency Index.
The 2019 European Innovation Scoreboard says Luxembourg’s research system is the most attractive in Europe, based on indicators such as the number of international scientific co-publications and the high proportion of foreign doctoral students.
Luxembourg is ranked as the number one country ‘most open for business’, according to U.S. News & World Report. Cited were the ease of bureaucracy, manufacturing costs, low corruption, favourability of the tax environment, and transparent governance.
According to the World Economic Forum, Luxembourg has the highest-skilled workforce in the world, with 60 percent of employed people in high-skilled jobs.
Foreigners account for 47 percent of the population, which makes Luxembourg, by a wide margin, the European country with the highest percentage of foreign residents.
These include Benelux, the Council of Europe, the European Union, NATO, the Organisation for Economic Co-operation and Development (OECD), and the United Nations.
The Times Higher Education (THE) World University Rankings has named the University of Luxembourg number 17 of young universities around the world and ninth in Europe among young universities.
According to Yale University’s Environmental Performance Index, Luxembourg ranks seventh out of 180 countries. Among other notable placements, the country ranks first for sanitation, biome protection, and species protection.
The World Economic Forum ranks Luxembourg as number one globally for macroeconomic stability, and according to the Democracy Index, it’s among the top 12 most democratic countries. In addition, Transparency International cites Luxembourg as having one of the lowest levels of corruption in the world.
Luxembourg ranked first among the 28 EU member states in eco-innovation and resource efficiency, according to the Eco-Innovation Observatory. In its 2016-2017 report, it says 'Luxembourg has become an unquestionable top player within Europe in eco-innovation.'
In 2019, Mercer named Luxembourg’s capital as the safest city in the world. Meanwhile, the Legatum 2016 Prosperity Index put the Grand Duchy as the safest country in Europe and the second safest in the world.