News - 21.03.2024

Luxembourg retains third position among EU financial centres

  • The Financial Centre

Luxembourg’s stability and expertise have remained key draws for financial services firms during times of macroeconomic volatility. The results of the latest Global Financial Centres Index (GFCI 35) reinforce this, with Luxembourg retaining its position as the EU’s third leading financial centre.

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The Grand Duchy’s financial centre scored particularly well within 3 Areas of Competitiveness in the index, namely Human Capital, sitting at number 3 globally just behind New York and London, further emphasising the depth of expertise in Luxembourg’s financial sector. The country also scored well in Infrastructure where it placed 5th, and Business Environment where it is positioned 8th.

The GFCI is published Z/Yen Partners, in September and March, in collaboration with the China Development Institute and uses data covering a range of factors including business environment, human capital, infrastructure, financial sector development, and reputation.

Read the full report here.