Luxembourg has the world’s 3rd most resilient economy

“After a year of supply chain disruption, political tension and growing climate worries, resilience has become a prized commodity for global businesses, and it’s more prevalent in some places than in others,” says FM Global, author of the 2021 FM Global Resilience Index. The index analyses core drivers of enterprise resilience, with the objective of helping companies assess the capacity of different countries to withstand disruption and, in case of disruption, recover strongly.

The solidity and strength of Luxembourg’s economy is obvious in this year’s ranking. The country ranks 3^rd most resilient in the world after Denmark and Norway, and progresses four places compared to 2020 when it ranked 7^th. With the exception of United States Zone 3 in 9^th place, the top 10 of the list covering 130 countries and territories across the world is dominated by Western European countries.

Luxembourg economy resilience #1 in the world

The index is based on three main categories: economy, risk quality and supply chain conditions.

With a score of 100/100, the Luxembourg economy ranks #1 in the world (#3 in 2020). This category focuses on political and macroeconomic influences on resilience such as productivity (for which Luxembourg ranks 1^st in the world) and political risk (4^th).

In the risk quality category, Luxembourg ranks 15^th (compared to 18^th in 2020), in particular due to its low exposure to natural hazards (4^th). The country also progresses one place to 25^th in supply chain, where it ranks 5^th for its high control of corruption, 19^th for the quality of its infrastructure and 33^rd for its supply chain visibility.

Photo credit: Marc Lazzarini