Luxembourg Scores Highest Sustained Growth Rating Worldwide

The results of KPMG's Variables for Sustained Growth (VSG) Survey are in: Luxembourg, sharing a score with the Netherlands and Switzerland, ranks first globally when it comes to drivers of sustained growth. With the exception of Singapore (fourth), New Zealand (fifth), and Hong Kong (eighth), the top ten are all in Western Europe.

The VSG survey was developed in 2013 by members of the KPMG Macroeconomics team, alongside external advisors. It aims to measure the sustainability of a country's growth by gathering and evaluating data in five areas:

macro stability, measured using government debt and deficit data openness to catching up on best practices, measured using FDI stock and total trade scores infrastructure, measured using information on quality of transport, technological readiness, and the availability of financial services human capital, measured using education statistics and life expectancy data strength of institutions, measured using data on regulatory quality, judicial independence, transparency in policymaking, governmental effectiveness, corruption, and business rights The 2015 survey contains...