The annual RIO Country Report offers an analysis of the R&I system in Luxembourg, including relevant policies and funding, with particular focus on topics critical for EU policies. The report identifies the main challenges of the Luxembourgish research and innovation system and assesses the policy response.
- Luxembourg's growth is expected to have accelerated to 4.7% in 2015 from 4.1% in the previous year mainly due to strong exports of financial and non-financial services. In 2016, GDP is expected to grow by 3.8% still mostly driven by the large, even if decreasing, contribution from net export. Overall Luxembourg's economy is forecast to grow by around 4.4% in 2017 (source ECFIN Winter forecast).
- Luxembourg’s GDP still derives 88.6% (2015) from the services sector, with financial services contributing the lion’s share.
- The level of GERD in Luxembourg has stagnated since 2012 and in 2015 represented 1.31% of GDP.
- Luxembourg is not on track to reach its R&D intensity target of 2.3-2.6% of GDP by 2020 because of a sharp drop in BERD from 1.5% in 2000 to 0.67% in 2015.