According to Global Innovation Index 2021 (GII) published by WIPO, (World Intellectual Property Organization), Luxembourg has been ranked 23rd out of 132 countries in the world.
Luxembourg is placed eighteenth globally (15th in the EU) in the Innovation Output sub-index and third for creative outputs.
The reports presents the following observation concerning Luxembourg:
- "Relative to GDP, Luxembourg’s performance is above expectations for its level of development.
- Luxembourg produces more innovation outputs relative to its level of innovation investments.
- GII strengths for Luxembourg are found in six of the seven GII pillars. In detail, Luxembourg shows strengths in the indicators Political and operational stability, Tertiary inbound mobility, ICT access, Environmental performance, Venture capital deals, Knowledge-intensive employment, Patent families 2+ offices, Intellectual property payments, Cultural & creative services exports, National feature films and Generic top-level domains.
- GII weaknesses for Luxembourg are found in all GII pillars. In detail, Luxembourg exhibits weaknesses in the indicators Cost of redundancy dismissal, Tertiary enrolment, Graduates in science & engineering, QS university ranking, Electricity output, Gross capital formation, Ease of getting credit, High-tech imports, Growth rate of PPP$ GDP/worker and Creative goods exports.".