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 8.7 % of the country's Nominal GDP in Mar 2024, compared with a 7.0 % surplus in the previous quarter.
  • Luxembourg Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1995 to Mar 2024, with an average value of 7.6 %.
  • The data reached an all-time high of 22.6 % in Jun 2019 and a record low of -11.9 % 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 1.9 USD bn in Mar 2024.
  • Foreign Direct Investment (FDI) increased by 46.5 USD bn in Mar 2024.
  • Luxembourg Direct Investment Abroad expanded by 56.2 USD bn in Mar 2024.
  • Its Foreign Portfolio Investment increased by 7.7 USD bn in Mar 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 Mar 2024 in the chart:

Luxembourg Current Account Balance: % of GDP

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

Luxembourg Current Account surplus accounted for 8.7 % of the country's Nominal GDP in Mar 2024, compared with a 7.0 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
8.7 Mar 2024 7.0 Dec 2023 -11.9 Dec 2019 22.6 Jun 2019 % quarterly Mar 1995 - Mar 2024

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -7.0 Mar 2024 quarterly Mar 2008 - Mar 2024
Algeria (%) 3.6 Sep 2023 quarterly Mar 2007 - Sep 2023
Argentina (%) 0.2 Mar 2024 quarterly Mar 2004 - Mar 2024
Armenia (%) -6.2 Mar 2024 quarterly Dec 1994 - Mar 2024
Australia (%) -1.6 Jun 2024 quarterly Sep 1959 - Jun 2024
Austria (%) 7.5 Mar 2024 quarterly Mar 1970 - Mar 2024
Azerbaijan (%) 10.1 Mar 2024 quarterly Mar 2013 - Mar 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) -0.5 2023 yearly 1998 - 2023
Belarus (%) -11.1 Mar 2024 quarterly Mar 1996 - Mar 2024
Belgium (%) 2.1 Mar 2024 quarterly Mar 1995 - Mar 2024
Bolivia (%) -5.3 Mar 2024 quarterly Mar 1990 - Mar 2024
Bosnia and Herzegovina (%) -7.5 Mar 2024 quarterly Mar 2008 - Mar 2024
Botswana (%) -3.9 Mar 2024 quarterly Mar 2004 - Mar 2024
Brazil (%) -1.5 Jun 2024 quarterly Mar 1995 - Jun 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -1.5 Jun 2024 quarterly Sep 1999 - Jun 2024
Cambodia (%) 4.1 Mar 2024 quarterly Mar 2010 - Mar 2024
Canada (%) -1.1 Jun 2024 quarterly Mar 1957 - Jun 2024
Chile (%) -2.3 Jun 2024 quarterly Mar 1996 - Jun 2024
China (%) 1.2 Jun 2024 quarterly Mar 1998 - Jun 2024
Colombia (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Croatia (%) -15.1 Mar 2024 quarterly Mar 1995 - Mar 2024
Cyprus (%) -11.9 Mar 2024 quarterly Mar 2008 - Mar 2024
Czech Republic (%) -1.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 12.3 Jun 2024 quarterly Mar 1990 - Jun 2024
Ecuador (%) 5.1 Mar 2024 quarterly Mar 1993 - Mar 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 Mar 2024 quarterly Mar 1999 - Mar 2024
Finland (%) -3.2 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) -2.3 Jun 2024 quarterly Mar 1997 - Jun 2024
Georgia (%) -4.9 Mar 2024 quarterly Mar 1996 - Mar 2024
Germany (%) 7.3 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 1.1 Dec 2023 quarterly Mar 2006 - Dec 2023
Greece (%) -7.8 Mar 2024 quarterly Mar 2000 - Mar 2024
Hong Kong SAR, China (%) 12.8 Mar 2024 quarterly Mar 1999 - Mar 2024
Hungary (%) 4.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Iceland (%) -2.7 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 0.6 Mar 2024 quarterly Jun 2004 - Mar 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 28.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 5.1 Mar 2024 quarterly Mar 1995 - Mar 2024
Italy (%) 1.8 Jun 2024 quarterly Mar 1980 - Jun 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -8.8 Mar 2024 quarterly Mar 1992 - Mar 2024
Kazakhstan (%) -2.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.3 Mar 2023 quarterly Mar 2009 - Mar 2023
South Korea (USD mn) 8,361.5 Jul 2024 monthly Jan 1980 - Jul 2024
Kosovo (%) -14.1 Mar 2024 quarterly Mar 2010 - Mar 2024
Kuwait (%) 32.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -1.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 3.5 Jun 2024 quarterly Mar 1993 - Jun 2024
Luxembourg (%) 8.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Macau SAR, China (%) 36.0 2023 yearly 2002 - 2023
North Macedonia (%) -3.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Malta (%) -0.5 Mar 2024 quarterly Mar 1995 - Mar 2024
Mauritius (%) -4.9 Mar 2024 quarterly Mar 2007 - Mar 2024
Mexico (%) 0.7 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) -11.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Mongolia (%) -5.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (%) -32.2 Mar 2024 quarterly Mar 2010 - Mar 2024
Morocco (%) 0.9 Mar 2024 quarterly Mar 2014 - Mar 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 10.4 Mar 2024 quarterly Mar 1987 - Mar 2024
New Zealand (%) -7.0 Mar 2024 quarterly Jun 1987 - Mar 2024
Nigeria (%) 5.8 Mar 2024 quarterly Mar 2014 - Mar 2024
Norway (%) 17.9 Jun 2024 quarterly Mar 1981 - Jun 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.2 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 0.3 Mar 2024 quarterly Mar 2007 - Mar 2024
Paraguay (%) -1.7 Mar 2024 quarterly Mar 2000 - Mar 2024
Peru (%) 2.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 1.8 Jun 2024 quarterly Mar 1996 - Jun 2024
Qatar (%) 13.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -5.9 Mar 2024 quarterly Mar 1995 - Mar 2024
Russia (%) 4.7 Mar 2024 quarterly Mar 1994 - Mar 2024
Saudi Arabia (%) 2.8 Mar 2024 quarterly Mar 2006 - Mar 2024
Serbia (%) -2.4 Mar 2024 quarterly Mar 2007 - Mar 2024
Singapore (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024
Slovakia (%) -0.5 Jun 2024 quarterly Mar 1997 - Jun 2024
Slovenia (%) 4.4 Mar 2024 quarterly Mar 1995 - Mar 2024
South Africa (%) -1.5 Mar 2024 quarterly Mar 1960 - Mar 2024
Spain (%) 3.5 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 2.8 Mar 2024 quarterly Mar 2002 - Mar 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 9.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 8.0 Mar 2024 quarterly Mar 1983 - Mar 2024

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.3 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 24,967.814 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.1 2023 yearly 1995 - 2023
National Government Debt (USD mn) 22,520.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Government Debt: % of GDP (%) 25.7 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (EUR bn) 51.850 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.310 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.255 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 20,358.500 Dec 2023 quarterly Dec 1995 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2028 yearly 1987 - 2028
Trade Balance (USD mn) -703.8 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports (USD mn) 1,281.1 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports Growth (%) -6.4 Jun 2024 monthly Jan 1989 - Jun 2024
Aluminum: Exports (USD th) 414,103.410 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,984.9 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 37.960 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports from USA (USD mn) 60.990 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports to China (USD mn) 26.571 May 2024 monthly Jan 1997 - May 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Trade Balance: sa (EUR mn) -653.919 Jun 2024 monthly Jan 1988 - Jun 2024
Imports (EUR mn) 1,890.026 Jun 2024 monthly Jan 1988 - Jun 2024
Exports (EUR mn) 1,277.190 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: sa (EUR mn) 1,844.199 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: sa (EUR mn) 1,190.280 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports: MoM: sa (%) -4.051 Jun 2024 monthly Jan 1988 - Jun 2024
Total Exports: YoY (%) -6.001 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports: MoM: sa (%) -5.892 Jun 2024 monthly Jan 1988 - Jun 2024
Total Imports: YoY (%) -5.421 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Other Manufactured Goods (EUR mn) 185.818 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Chemicals and Related Products (EUR mn) 158.048 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Base Metal Products (EUR mn) 248.467 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Machinery and Equipment (EUR mn) 239.658 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Transport Equipment (EUR mn) 142.053 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 194.092 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: America: ow United States of America (EUR mn) 35.269 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: Asia: ow Japan (EUR mn) 2.785 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union (EUR mn) 1,034.938 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 170.228 Jun 2024 monthly Jan 1988 - Jun 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 318.690 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Food Products and Live Animals (EUR mn) 182.890 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Machinery and Equipment (EUR mn) 283.991 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Mineral Fuels and Lubricants (EUR mn) 190.964 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Transport Equipment (EUR mn) 300.330 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Chemicals and Related Products (EUR mn) 247.899 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 224.254 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union (EUR mn) 1,746.606 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 654.283 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: Asia: ow Japan (EUR mn) 20.108 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 523.429 Jun 2024 monthly Jan 1988 - Jun 2024
Imports: America: ow United States of America (EUR mn) 56.667 Jun 2024 monthly Jan 1988 - Jun 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) 56,249.4 Mar 2024 quarterly Mar 2002 - Mar 2024
Current Account Balance (USD mn) 1,863.5 Mar 2024 quarterly Mar 1995 - Mar 2024
Current Account Balance: % of GDP (%) 8.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Foreign Direct Investment (USD mn) 46,538.2 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Direct Investment: % of GDP (%) 216.8 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Portfolio Investment (USD mn) 7,695.635 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 35.8 Mar 2024 quarterly Mar 2002 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -15,427.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -10,542.166 Dec 2023 quarterly Mar 2002 - Dec 2023
External Debt (USD mn) 3,789,624.5 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,001,506.6 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,210.3 Mar 2024 quarterly Dec 1995 - Mar 2024
Forecast: Current Account Balance (USD bn) 4.708 2028 yearly 1995 - 2028
Net International Investment Position (USD mn) 28,027.363 Mar 2024 quarterly Dec 2002 - Mar 2024
BoP: FA: PI: DS: Liabilities (EUR mn) -2,562.369 Mar 2024 quarterly Mar 2002 - Mar 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) 31,206.668 Mar 2024 quarterly Mar 2002 - Mar 2024
International Investment Position (IIP): Net (EUR mn) 26,825.847 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Liabilities (EUR mn) 11,640,779.399 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Assets (EUR mn) 11,667,605.247 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt (EUR mn) 3,511,838.111 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Mar 2024 quarterly Dec 2002 - Mar 2024
Gross External Debt: General Government (EUR mn) 11,255.416 Mar 2024 quarterly Dec 2002 - Mar 2024
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: New (Unit) 3,178.000 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 (%) 68.3 Mar 2024 quarterly Dec 1995 - Mar 2024
Money Supply M1 (USD mn) 315,923.369 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply M2 (USD mn) 418,417.179 Jul 2024 monthly Jan 1999 - Jul 2024
M2 Growth (%) 2.9 Jul 2024 monthly Jan 2000 - Jul 2024
Reserve Requirement Ratio (%) 1.0 Jul 2024 monthly Jan 1999 - Jul 2024
Foreign Exchange Reserves (USD mn) 193.6 Jul 2024 monthly Jan 1999 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 0.234 Mar 2024 quarterly Mar 1999 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 0.1 Jun 2024 monthly Jan 1999 - Jun 2024
Gold Reserves (USD mn) 175.542 Jul 2024 monthly Jan 1999 - Jul 2024
Total Deposits (USD mn) 826,670.699 Jun 2024 quarterly Mar 2003 - Jun 2024
Total Deposits Growth (%) 1.1 Jun 2024 quarterly Mar 2004 - Jun 2024
Domestic Credit (USD mn) 150,383.5 Jun 2024 monthly Jan 1999 - Jun 2024
Domestic Credit Growth (%) -0.4 Jun 2024 monthly Jan 2000 - Jun 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) 741,405.802 Jul 2024 monthly Jan 2001 - Jul 2024
Total Loans Growth (%) -1.24 Jul 2024 monthly Jan 2002 - Jul 2024
Private Debt: % of Nominal GDP (%) 92.25 Mar 2024 quarterly Mar 1999 - Mar 2024
Money Supply: M3 (EUR bn) 511.600 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply: M3: M2 (EUR bn) 386.600 Jul 2024 monthly Jan 1999 - Jul 2024
Money Supply: M3: M2: M1 (EUR bn) 291.900 Jul 2024 monthly Jan 1999 - Jul 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) 178.886 Jul 2024 monthly Jan 1999 - Jul 2024
Official Reserve Assets (EUR mn) 2,742.892 Jul 2024 monthly Jan 1999 - Jul 2024
Bank Deposits: Domestic (EUR mn) 312,681.500 Jul 2024 monthly Jan 2003 - Jul 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 155,169.989 Jul 2024 monthly Jan 1999 - Jul 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -4.0 Aug 2024 monthly Jan 1986 - Aug 2024

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