Luxembourg moves up three places in the 37th edition of the Global Financial Centres Index. Photo: Shutterstock

Luxembourg moves up three places in the 37th edition of the Global Financial Centres Index. Photo: Shutterstock

The 37th edition of the Global Financial Centres Index ranks Luxembourg 16th among the world’s financial centres. Luxembourg has moved up three places since the previous ranking, published at the end of 2024. The Open Financial Ecosystem Index, another ranking drawn up by the Institut Louis Bachelier (France) and the Centre for Financial Studies at Goethe University (Germany), meanwhile places Luxembourg in 23rd position.

The London-based think tank Z/Yen Group and the China Development Institute have published the . In it, Luxembourg moves up three places to 16th , behind Geneva (15th), which falls two positions, but just ahead of Paris (17th), which also loses two positions. The top three remains unchanged, with New York, London and Hong Kong on the podium. Frankfurt drops out of the top 10 and is now in 11th place.

In the sector rankings, Luxembourg ranks 10th in the professional services category, 14th in trading, and 15th in investment management.

On a European scale, London retains its leading position, followed by Frankfurt (2nd) and Dublin (3rd). The top 5 is rounded out by Geneva (4th) and Luxembourg (5th), which remain ahead of Paris and Amsterdam.

The GFCI also offers a fintech ranking, in which Luxembourg performs more modestly, although improving. Luxembourg is ranked 24th, well behind New York, London and Shenzhen on the podium, but up three places on the previous ranking. This time, it slips back behind Paris, which reaches 19th place.

Ofex, another customisable ranking

Last year, after the publication of the 36th GFCI, : the Open Financial Ecosystem Index (Ofex), compiled by the Institut Louis Bachelier (ILB) and the Center for Financial Studies. , places Luxembourg in 23rd place, a drop of two positions.

The top trio differs from that of the GFCI: whilst New York remains in first place, it is now followed by Chicago and London.

The two rankings are based on distinct methodologies. The GFCI, published twice a year, combines quantitative data from sources such as the World Bank and the OECD with qualitative assessments based on the perceptions of financial sector professionals.

The Ofex, published annually, is based on 53 indicators divided into four main categories: financial and economic sector development; human capital; infrastructure; and business environment. Its distinctive feature is that it allows indicators and their weightings to be customised, for a more refined ranking.

By playing precisely on these parameters, and focusing solely on the category linked to the financial aspect, Luxembourg retains its 23rd position. On the working environment criterion alone, it moves up to 19th place.

This article was originally published in .

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