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International benchmarks
Luxembourg's latest rankings:
Mercer – Cost of Living Survey 2010
29 June 2010: Mercer has just published the 2010 edition of its “cost of living” survey.
The Mercer survey covers 214 cities across five continents
and measures the comparative cost of over 200 items in each
location, including housing, transport, food, clothing,
household goods and entertainment. It is the world’s most comprehensive cost of living survey and is used to help
multinational companies and governments determine
compensation allowance for their expatriate employees.
For the first time, the ranking of the world’s top 10 most expensive cities includes three African urban centres: Luanda (1) in Angola, Ndjamena (3) in Chad and Libreville (7) in Gabon. The top ten also includes three Asian cities; Tokyo (2), Osaka (6) and Hong Kong (jointly ranked 8). Moscow (4), Geneva (5) and Zurich (joint 8) are the most expensive European cities, followed by Copenhagen (10).
In the 2010 edition, Luxembourg ranks (55) compared to (33) in 2009 showing that the overall cost of living for expatriates have clearly decreased.
( Source: Mercer.com)
For more information, go to http://www.mercer.com/costofliving
Or http://www.guardian.co.uk/news/datablog/2010/jun/30/city-costs-living#data
Luxembourg ranks 11th in latest IMD World Competitiveness Survey
The IMD World Competitiveness Yearbook (WCY) is the world’s most renowned and comprehensive annual report on the competitiveness of nations, ranking and analyzing how a nation’s environment creates and sustains the competitiveness of enterprises.
This year´s lead is taken by Singapore, Hong Kong and the United States. Luxembourg ranks (11) of overall 58 countries analysed. Compared to 2009, Luxembourg (12) improved its overall ranking by one position.
For further information, go to http://www.odc.public.lu/actualites/2010/05/IMD2010/index.html ( in French only)
or http://www.imd.ch/research/publications/wcy/World-Competitiveness-Yearbook-Results/#/
Luxembourg ranks 5th in latest Lisbon Review 2010
In this 5th edition of the WEF´s Lisbon review, Luxembourg ranks 5th improving two ranks compared to the 2008 edition.
For more information and the detailed performance on the various index measurements please visit
http://www.weforum.org/en/media/Latest%20News%20Releases/NR_Lisbon2010
For a video testimonial on the results by WEF go to
http://www.youtube.com/watch?v=-ta2Ayt0Gbc
Luxembourg ranks 7th in latest Location Ratings for expatriate living conditions published by ECA International
Published annually, ECA International’s Location Ratings system is used to assist International HR departments to establish expatriate allowances which compensate staff for the difficulties of adapting to living in their assignment location. The ratings are based on an analysis of living standards for more than 400 locations globally based on categories including climate, health services, housing and utilities, isolation, social network and leisure facilities, infrastructure, personal safety, political tensions and air quality.
In this latest edition, Bern and Copenhagen rank first and second. Luxembourg, as in previous editions retains position no 7.
For more information:
http://www.eca-international.com/showpressrelease.aspx?ArticleID=7144
Luxembourg ranks 2nd in latest “Measuring the Information Society 2010” survey
The latest edition of Measuring the Information Society features the new ITU ICT Development Index (IDI) and the ICT Price Basket - two benchmarking tools to measure the Information Society. The IDI captures the level of advancement of ICTs in 159 countries worldwide and compares progress made between 2002 and 2008. It also measures the global digital divide and examines how it has developed in recent years.
After Sweden who ranks 1st, Luxembourg occupies position 2 and South Korea position 3. Luxembourg is rated one of the most cost advantageous countries in this domain.
http://www.statistiques.public.lu
Luxembourg ranks 2nd in terms of household internet connection
http://www.statistiques.public.lu
Luxembourg ranks 5th in latest World Bank Logistics Performance Index
The Logistics Performance Index is based on a worldwide survey of operators on the ground (global freight forwarders and express carriers), providing feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade. They combine in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries with which they trade, and experience of global logistics environment.
Feedback from operators is supplemented with quantitative data on the performance of key components of the logistics chain in the country of work, data collected for nearly 130 countries.
(Source:The World Bank)
For details on the study go to http://web.worldbank.org
Luxembourg ranks 6 of 194 in latest Quality of Life Index
The study rates the places that offer the best quality of life. To produce this annual Index nine categories are considered: Cost of Living, Culture and Leisure, Economy, Environment, Freedom, Health, Infrastructure, Safety and Risk, and Climate. Luxembourg ranks 6 out of 194 countries. France, Australia and Switzerland gather the first three positions of this year´s study.
Luxembourg ranks 1 in an international promotion study conducted by German “Manager” Magazine
The study analyses more than a 1000 regions in terms of economic development in the EU. Further 25 site-related factors were analysed such as for example education, technology, quality of life, workforce.
Luxembourg occupied also position no 1 in the same study in 2007.
Luxembourg ranks amongst top performers: World Bank / PricewaterhouseCoopers - Paying taxes 2010
The “Paying Taxes 2010” report by the World Bank and PricewaterhouseCoopers shows that although Luxembourg’s headline corporate tax rates are not the lowest, the way they are applied and the right-offs available make the country very competitive. Specifically, the report studies the tax regime for small to medium sized businesses and shows that on average tax returns require just 59 hours per year to complete; much lower than average. The report calculates a “Total Tax Rate” which takes all business taxes and compares this to pre-tax profits. By this measure, Luxembourg is ranked the lowest in the EU with a ratio of 20.9% compared to 44.9% in Germany, 57.3% in Belgium and 65.8% in France.
