![](/fileadmin/_processed_/7/8/csm_PROGRAMME_TRADEFAIRS_2024-2025_BANNER_850X431_f61938b052.png)
Luxembourg has dropped to 20th place in the IMD World Competitiveness Ranking 2023.
Since 1989, the IMD World Competitiveness Yearbook (WCY) has served as a comprehensive annual report on the competitiveness of countries around the globe. The report covers 64 economies, selected on the availability of comparable international statistics.