The "Geography of Europe's Brain Business" ranked Luxembourg fifth overall. Only the Netherlands, Denmark, Sweden, and Switzerland performed better.
6,100 new Brain Business Jobs were created between 2012 and 2019, with the total number of employees in knowledge-intensive firms ballooning to 33,300 last year.
57% of these new jobs were created in ICT, 20% in advanced services, 18% in the tech sector, and 5% in creative professions.
According to the report, "the concentration of Brain Business Jobs, as share of working age population, is higher in Luxembourg than most European countries including high tech nations such as the United Kingdom, Germany, Ireland, and Finland."
The main strength of Luxembourg is Telecom - the share of the brain business jobs in this sector is more than three times the European average.
The Grand Duchy nevertheless lags behind in design and other creative work, pharmaceuticals, R&D, and high-tech manufacturing. The author of the report explains that the country's challenge is to "continue developing knowledge-intensive jobs, in areas where the small nation is already strong but also in areas such as R&D where it currently lies behind the rest of Europe."
