Statement:
In Andorra, startup ecosystem seems to be less developed than in Luxembourg

In the Startup Ecosystem Index rating Andorra holds position #89 ²⁰²² out of 99 and Luxembourg is #40 out of 99 ²⁰²².
Position of Andorra is worse than position of Luxembourg.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Andorra	'Total Score' value is	0.430
   Luxembourg	'Total Score' value is	5.447