Luxembourg Current Account Balance: % of GDP

1995 - 2024 | Quarterly | % | CEIC Data

Key information about Luxembourg Current Account Balance: % of GDP

  • Luxembourg Current Account surplus accounted for 12.0 % of the country's Nominal GDP in Jun 2024, compared with a 7.9 % surplus in the previous quarter.
  • Luxembourg Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1995 to Jun 2024, with an average value of 7.9 %.
  • The data reached an all-time high of 23.5 % in Jun 2021 and a record low of -12.1 % in Dec 2019.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Banque Centrale du Luxembourg provides Current Account Balance in EUR. The Statistics Portal of Luxembourg provides Nominal GDP in EUR.


Key information about Luxembourg Current Account Balance: % of GDP

  • In the latest reports of Luxembourg, Current Account recorded a surplus of 2.7 USD bn in Jun 2024.
  • Foreign Direct Investment (FDI) fell by 27.2 USD bn in Jun 2024.
  • Luxembourg Direct Investment Abroad fell by 21.0 USD bn in Jun 2024.
  • Its Foreign Portfolio Investment increased by 77.8 USD bn in Jun 2024.
  • The country's Nominal GDP was reported at 22.0 USD bn in Mar 2023.

View Luxembourg's Current Account Balance: % of GDP from Mar 1995 to Jun 2024 in the chart:

Luxembourg Current Account Balance: % of GDP

What was Luxembourg's Current Account Balance: % of GDP in Jun 2024?

Luxembourg Current Account surplus accounted for 12.0 % of the country's Nominal GDP in Jun 2024, compared with a 7.9 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.0 Jun 2024 7.9 Mar 2024 -12.1 Dec 2019 23.5 Jun 2021 % quarterly Mar 1995 - Jun 2024

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) -0.4 Mar 2024 quarterly Mar 2007 - Mar 2024
Argentina (%) 2.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) -2.9 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) -2.1 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (%) 0.6 Jun 2024 quarterly Mar 1970 - Jun 2024
Azerbaijan (%) 4.9 Jun 2024 quarterly Mar 2013 - Jun 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) 0.9 2024 yearly 1998 - 2024
Belarus (%) 2.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Belgium (%) -1.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Bolivia (%) 0.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) -3.9 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) -5.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Brazil (%) -3.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) 4.7 Sep 2024 quarterly Sep 1999 - Sep 2024
Cambodia (%) -5.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (%) -0.4 Sep 2024 quarterly Mar 1957 - Sep 2024
Chile (%) -3.9 Sep 2024 quarterly Mar 1996 - Sep 2024
China (%) 3.2 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (%) -1.6 Sep 2024 quarterly Mar 1996 - Sep 2024
Croatia (%) -5.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) -0.6 Jun 2024 quarterly Mar 2008 - Jun 2024
Czech Republic (%) -0.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Denmark (%) 15.6 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (%) 7.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.8 Jun 2024 quarterly Mar 1999 - Jun 2024
Finland (%) -2.9 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) -0.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Georgia (%) -7.3 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 5.2 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Hong Kong SAR, China (%) 13.2 Jun 2024 quarterly Mar 1999 - Jun 2024
Hungary (%) 3.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) 3.8 Sep 2024 quarterly Mar 1995 - Sep 2024
India (%) -1.1 Jun 2024 quarterly Jun 2004 - Jun 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 16.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (%) 3.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 1.4 Sep 2024 quarterly Mar 1980 - Sep 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -7.0 Jun 2024 quarterly Mar 1992 - Jun 2024
Kazakhstan (%) -2.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.5 Jun 2024 quarterly Mar 2009 - Jun 2024
South Korea (USD mn) 7,614.6 Oct 2024 monthly Jan 1980 - Oct 2024
Kosovo (%) 9.2 Sep 2024 quarterly Mar 2010 - Sep 2024
Kuwait (%) 27.9 Mar 2024 quarterly Mar 2012 - Mar 2024
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -4.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 3.8 Sep 2024 quarterly Mar 1993 - Sep 2024
Luxembourg (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (%) 37.0 2023 yearly 2002 - 2023
North Macedonia (%) -3.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Malta (%) 7.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (%) -6.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Mexico (%) 0.2 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (%) -16.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Montenegro (%) -23.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) -3.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 8.4 Jun 2024 quarterly Mar 1987 - Jun 2024
New Zealand (%) -6.9 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 18.1 Sep 2024 quarterly Mar 1981 - Sep 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.5 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Peru (%) 2.5 Sep 2024 quarterly Mar 1990 - Sep 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 4.7 Sep 2024 quarterly Mar 1996 - Sep 2024
Qatar (%) 13.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -9.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (%) 3.4 Jun 2024 quarterly Mar 1994 - Jun 2024
Saudi Arabia (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Serbia (%) -10.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Singapore (%) 18.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Slovakia (%) -1.3 Jun 2024 quarterly Mar 1997 - Jun 2024
Slovenia (%) 6.6 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) -1.0 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (%) 3.9 Sep 2024 quarterly Mar 1980 - Sep 2024
Sri Lanka (%) 1.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 6.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Switzerland (%) 9.6 Jun 2024 quarterly Mar 1983 - Jun 2024

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.7 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 25,176.022 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.4 2023 yearly 1995 - 2023
National Government Debt (USD mn) 23,262.2 Jun 2024 quarterly Dec 1995 - Jun 2024
Government Debt: % of GDP (%) 26.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Forecast: Government Expenditure (EUR bn) 52.013 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.210 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.231 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 21,718.047 Jun 2024 quarterly Dec 1995 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2029 yearly 1987 - 2029
Trade Balance (USD mn) -840.1 Sep 2024 monthly Jan 1988 - Sep 2024
Total Exports (USD mn) 1,305.6 Sep 2024 monthly Jan 1988 - Sep 2024
Total Exports Growth (%) -6.5 Sep 2024 monthly Jan 1989 - Sep 2024
Aluminum: Exports (USD th) 413,397.902 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 128,091.639 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 26,657.616 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,145.7 Sep 2024 monthly Jan 1988 - Sep 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 565,025.761 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 534,366.476 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 40.506 Sep 2024 monthly Jan 1988 - Sep 2024
Total Imports from USA (USD mn) 76.490 Sep 2024 monthly Jan 1988 - Sep 2024
Total Exports to China (USD mn) 11.661 Aug 2024 monthly Jan 1997 - Aug 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -756.605 Sep 2024 monthly Jan 1988 - Sep 2024
Imports (EUR mn) 1,939.085 Sep 2024 monthly Jan 1988 - Sep 2024
Exports (EUR mn) 1,220.787 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: sa (EUR mn) 1,932.372 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: sa (EUR mn) 1,175.767 Sep 2024 monthly Jan 1988 - Sep 2024
Total Exports: MoM: sa (%) 0.910 Sep 2024 monthly Jan 1988 - Sep 2024
Total Exports: YoY (%) -6.482 Sep 2024 monthly Jan 1988 - Sep 2024
Total Imports: MoM: sa (%) 2.372 Sep 2024 monthly Jan 1988 - Sep 2024
Total Imports: YoY (%) 1.713 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: Other Manufactured Goods (EUR mn) 192.665 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: Chemicals and Related Products (EUR mn) 158.546 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: Base Metal Products (EUR mn) 215.213 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: Machinery and Equipment (EUR mn) 219.124 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: Transport Equipment (EUR mn) 136.157 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 182.633 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: Asia: ow Japan (EUR mn) 3.757 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 317.323 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 146.174 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: America: ow United States of America (EUR mn) 36.479 Sep 2024 monthly Jan 1988 - Sep 2024
Exports: European Union (EUR mn) 969.392 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: Food Products and Live Animals (EUR mn) 178.161 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: Machinery and Equipment (EUR mn) 282.464 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: Mineral Fuels and Lubricants (EUR mn) 203.617 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: Transport Equipment (EUR mn) 332.340 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: Chemicals and Related Products (EUR mn) 254.208 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 227.991 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: European Union (EUR mn) 1,767.166 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 645.622 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: Asia: ow Japan (EUR mn) 15.141 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 527.444 Sep 2024 monthly Jan 1988 - Sep 2024
Imports: America: ow United States of America (EUR mn) 68.885 Sep 2024 monthly Jan 1988 - Sep 2024
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -21,008.1 Jun 2024 quarterly Mar 2002 - Jun 2024
Current Account Balance (USD mn) 2,694.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Current Account Balance: % of GDP (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Direct Investment (USD mn) -27,181.5 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Direct Investment: % of GDP (%) -120.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment (USD mn) 77,828.282 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 346.3 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 72,142.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 5,697.134 Jun 2024 quarterly Mar 2002 - Jun 2024
External Debt (USD mn) 3,718,238.8 Jun 2024 quarterly Dec 2002 - Jun 2024
External Debt: % of GDP (%) 4,446.8 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,007,292.8 Jun 2024 quarterly Dec 2002 - Jun 2024
External Debt: Short Term: % of GDP (%) 1,154.1 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,301.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Forecast: Current Account Balance (USD bn) 8.028 2029 yearly 1995 - 2029
Net International Investment Position (USD mn) 27,828.231 Jun 2024 quarterly Dec 2002 - Jun 2024
BoP: FA: PI: DS: Liabilities (EUR mn) 5,291.206 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) -43,938.479 Jun 2024 quarterly Mar 2002 - Jun 2024
International Investment Position (IIP): Net (EUR mn) 25,980.983 Jun 2024 quarterly Dec 2002 - Jun 2024
IIP: Assets (EUR mn) 12,292,665.537 Jun 2024 quarterly Dec 2002 - Jun 2024
IIP: Liabilities (EUR mn) 12,266,684.554 Jun 2024 quarterly Dec 2002 - Jun 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,152.611 Jun 2024 quarterly Dec 2002 - Jun 2024
Gross External Debt (EUR mn) 3,471,420.804 Jun 2024 quarterly Dec 2002 - Jun 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Gross External Debt: General Government (EUR mn) 11,152.611 Jun 2024 quarterly Dec 2002 - Jun 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 68.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Money Supply M1 (USD mn) 321,525.101 Oct 2024 monthly Jan 1999 - Oct 2024
Money Supply M2 (USD mn) 423,996.302 Oct 2024 monthly Jan 1999 - Oct 2024
M2 Growth (%) 7.0 Oct 2024 monthly Jan 2000 - Oct 2024
Reserve Requirement Ratio (%) 1.0 Oct 2024 monthly Jan 1999 - Oct 2024
Foreign Exchange Reserves (USD mn) 272.8 Oct 2024 monthly Jan 1999 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 0.237 Jun 2024 quarterly Mar 1999 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 0.1 Sep 2024 monthly Jan 1999 - Sep 2024
Gold Reserves (USD mn) 197.253 Oct 2024 monthly Jan 1999 - Oct 2024
Total Deposits (USD mn) 867,652.624 Sep 2024 quarterly Mar 2003 - Sep 2024
Total Deposits Growth (%) -0.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Domestic Credit (USD mn) 158,092.7 Aug 2024 monthly Jan 1999 - Aug 2024
Domestic Credit Growth (%) 2.9 Aug 2024 monthly Jan 2000 - Aug 2024
Credit to Households (USD bn) 60.665 Dec 2023 quarterly Mar 1995 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 337.657 Dec 2023 quarterly Mar 1995 - Dec 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 745,904.585 Oct 2024 monthly Jan 2001 - Oct 2024
Total Loans Growth (%) -0.04 Oct 2024 monthly Jan 2002 - Oct 2024
Private Debt: % of Nominal GDP (%) 89.97 Jun 2024 quarterly Mar 1999 - Jun 2024
Money Supply: M3 (EUR bn) 521.300 Oct 2024 monthly Jan 1999 - Oct 2024
Money Supply: M3: M2 (EUR bn) 390.600 Oct 2024 monthly Jan 1999 - Oct 2024
Money Supply: M3: M2: M1 (EUR bn) 296.200 Oct 2024 monthly Jan 1999 - Oct 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets: Foreign Exchange (EUR mn) 251.301 Oct 2024 monthly Jan 1999 - Oct 2024
Official Reserve Assets (EUR mn) 2,833.672 Oct 2024 monthly Jan 1999 - Oct 2024
Bank Deposits: Domestic (EUR mn) 315,459.100 Oct 2024 monthly Jan 2003 - Oct 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 150,245.323 Oct 2024 monthly Jan 1999 - Oct 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 14.6 Nov 2024 monthly Jan 1986 - Nov 2024

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