Luxembourg has put an end to three years of falling rankings. Having dropped to 23rd place in the International Institute for Management Development (IMD) World Competitiveness Ranking in 2024, then climbed back to 20th place in 2025, the Grand Duchy has this year returned to the world’s top 15, rising to 14th place in the report published on Thursday 18 June. This rise is primarily down to an improvement in its economic performance. In this pillar, Luxembourg has risen from 42nd to 9th place globally in the space of a year, climbing 33 places. This progress has enabled it to overtake several developed economies, including Germany, Canada and Australia.
