Luxembourg ranks 5th in the Innovation EU Scoreboard 2014. In the 2014 edition, the ranking of EU Member States is headed by Sweden, Denmark, Germany and Finland ("innovation leaders"). Luxembourg occupies the 5th position, the Netherlands the 6th and Belgium the 7th position.
Luxembourg ranks 5th in the Innovation EU Scoreboard 2014. In the 2014 edition, the ranking of EU Member States is headed by Sweden, Denmark, Germany and Finland (“innovation leaders”). Luxembourg occupies the 5th position, the Netherlands the 6th and Belgium the 7th position.
Luxembourg is ranked among the countries of the category “innovation followers”, performing better than the EU average but not sufficiently to be among the innovation leaders displaying innovation performance of at least 20% higher than the EU average.
Luxembourg strengths and weaknesses
Luxembourg’s relative strengths are in International scientific co-publications, Community trademarks, Venture capital investments and Community designs. Luxembourg performs well below the average for Non-R&D innovation expenditures and New doctorate graduates. High growth is observed for International scientific co-publications, Most cited scientific publications and R&D expenditures in the public sector. Strong declines are observed in Non-R&D innovation expenditures, Sales share of new innovations and R&D expenditures in the business sector.
The Luxembourg performance relative to the EU has declined from almost 120% in 2009 to 117% in 2013. This decline particularly occured in 2010 and 2011 (due to a much worse performance in non-R&D innovation expenditures) but recovered in 2012.
The annual Innovation Union Scoreboard provides a comparative assessment of the research and innovation performance of the EU Member States and the relative strengths and weaknesses of their research and innovation systems. It helps Member States assess areas in which they need to concentrate their efforts in order to boost their innovation performance. The purpose of this statistical tool, which is based on 25 indicators divided into three main categories and 8 dimensions of innovation, is to allow the monitoring of the implementation of the Europe 2020 Strategy and, in particular, the flagship initiative relative to innovation.