In the 2015 edition of the World Competitiveness Yearbook of the Swiss International Institute for Management Development (IMD), Luxembourg loses a few ranks and ends up 11th among the world's 61 most competitive countries. The Grand Duchy has to accept some harsh setbacks in some of the sub-indicators.
At the same time, the ranking has some drastic changes in store: thus, the United States lose their first place, and end up in 3rd place, behind Hong Kong and Switzerland.The World Competitiveness Yearbook analyses the competitiveness of 61 countries, based on over 340 criteria, grouped in the following categories:
- economic performance;
- effectiveness of public authorities;
- business environment;
In Luxembourg, the Chamber of Commercecoordinated the IMD's survey among the companies.
(Source: press release by the Chamber of Commerce)