Luxembourg Realising Its Digital Potential

Adding further weight to its well recognised business credentials, Luxembourg has achieved a top ten ranking in the latest Global Information Technology Report by the World Economic Forum.

The report lists the Grand Duchy at ninth in the world in its Networked Readiness Index, which rates the ability of individuals, businesses and governments to draw economic and social benefits from Information and Communications Technology (ICT).

The index is calculated using 53 indicators, and Luxembourg's score of 5.6 puts it just behind top ranked Singapore (6.0), Finland (6.0) and Sweden (5.8) and ahead of Germany, Belgium and France.

The authors of the report note that Luxembourg has continued an impressive upward trend in its ranking, having been listed at 21st in 2012, and point out that the country benefits from a stable and efficient political and regulatory environment (3rd) with well-developed ICT legislative framework (2nd).

The report writers go on to comment: "Venture capital availability (10th) and low tax rates (13th), among other factors, foster business development and innovation (27th)...