Luxembourg posted a current account surplus of EUR 1.38 billion in the second quarter of 2019, compared to a EUR 1.17 billion deficit in the same period of the previous year. The services surplus widened to EUR 6.20 billion from EUR 5.98 billion last year, while the goods deficit narrowed to EUR 0.28 billion from EUR 0.82 billion and the primary income gap fell sharply to EUR 4.55 billion from EUR 6.39 billion. Considering the first half of the year, the current account surplus was EUR 1.43 billion, unchanged from the same period of 2018. Current Account in Luxembourg averaged 631.88 EUR Million from 1995 until 2019, reaching an all time high of 2717.60 EUR Million in the fourth quarter of 2017 and a record low of -2221.30 EUR Million in the second quarter of 2017.

Current Account in Luxembourg is expected to be -400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Luxembourg to stand at 620.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1150.00 EUR Million in 2020, according to our econometric models.

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Luxembourg Current Account
Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 10:35 AM Current Account Q3 €1382M €-601M €2800M
2019-03-25 09:30 AM Current Account Q4 €-560M €1917M € 1500M
2019-06-21 09:50 AM Current Account Q1 €725.2M €-593M € -470M
2019-09-23 10:00 AM Current Account Q2 €1378M €53M € -400M
2019-12-20 11:00 AM Current Account Q3 €1378M €-400M


Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.60 -0.54 -0.03 -1.06 EUR Billion [+]
Current Account 1378.20 53.50 2717.60 -2221.30 EUR Million [+]
Current Account to GDP 4.80 4.90 12.60 4.80 percent [+]
Imports 1.58 1.65 2.00 0.36 EUR Billion [+]
Exports 0.98 1.12 1.21 0.33 EUR Billion [+]
External Debt 3736980.23 3726940.03 3928297.76 678052.57 EUR Million [+]
Capital Flows 1291.43 617.05 3149.90 -2377.10 EUR Million [+]
Gold Reserves 2.24 2.24 2.39 2.20 Tonnes [+]
Foreign Direct Investment -1805.80 45780.20 321172.90 -302842.00 EUR Million [+]


Luxembourg Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Luxembourg Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Luxembourg Current Account - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1378.20 53.50 2717.60 -2221.30 1995 - 2019 EUR Million Quarterly




Country Last Previous
Argentina -2560.58 Jun/19 -3685
Australia 5853.00 Jun/19 -1120
Brazil -3487.40 Sep/19 -4308
Canada -6380.00 Jun/19 -16630
China 549.00 Sep/19 462
Euro Area 35.84 Sep/19 27.59
France -2749.00 Sep/19 -2981
Germany 25500.00 Sep/19 17300
India -14315.70 Jun/19 -4628
Indonesia -7665.00 Sep/19 -8152
Italy 4102.20 Sep/19 5959
Japan 1612.90 Sep/19 2158
Mexico 5142.70 Jun/19 -8508
Netherlands 13615.80 Jun/19 19394
Russia 12900.00 Sep/19 10552
Saudi Arabia 12407.00 Jun/19 13674
Singapore 22017.00 Sep/19 22742
South Africa -204100.00 Jun/19 -143500
South Korea 7477.20 Sep/19 5266
Spain 3320.00 Aug/19 3237
Switzerland 21272.85 Jun/19 20553
Turkey 2477.00 Sep/19 2684
United Kingdom -25200.00 Jun/19 -33082
United States -128188.00 Jun/19 -136194


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