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Luxembourg among world's most innovative economies

Published Wednesday October 28 2020

The Grand Duchy of Luxembourg is ranked 18th most innovative economy in the world in the 2020 edition of the Global Innovation Index .  

The index is based on 7 main pillars, made up of 80 indicators. When looking at the individual 80 indicators, Luxembourg is one of the economies that consistently holds some of the top global spots.

Luxembourg in particular stands out for indicators such as ICT access, Venture capital deals, knowledge-intensive employment and online creativity, where it is ranked as number 1 in the world.

Co-published by Cornell University , INSEAD , and the World Intellectual Property Organization (WIPO) , the Global Innovation Index provides data on innovation and assisting economies in evaluating their innovation performance and making informed innovation policy considerations. 

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