LUXEMBOURG

For Luxembourg, one of the Innovation followers, innovation performance is above the EU27 average but the rate of improvement is slightly below that of the EU27. Relative strengths, compared to the country’s average performance, are in Finance and support, Throughputs and Innovators and relative weaknesses are in Human resources, Firm investments and Linkages & entrepreneurship.

Over the past 5 years, Finance and support and Throughputs have been the main drivers of the improvement in innovation performance, in particular as a result from strong growth in Private credit (16.8%), Broadband access by firms (16.0%) and Community trademarks (10.3%). Performance in Linkages & entrepreneurship, Innovators and Economic effects has worsened, in particular due to a decrease in the Firm renewal rate (-10.7%), Public-private co-publications (-10.1%), Employment in medium-high & high-tech manufacturing (-6.9%) and New-to-firm sales (-8.0%).