Luxembourg recorded a Current Account surplus of 545.60 EUR Million in the second quarter of 2020. source: Banque Centrale du Luxembourg

Current Account in Luxembourg averaged 635.58 EUR Million from 1995 until 2020, reaching an all time high of 4540.30 EUR Million in the fourth quarter of 2019 and a record low of -2398 EUR Million in the second quarter of 2018. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Current Account in Luxembourg is expected to be 1400.00 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 1400.00 in 12 months time. In the long-term, the Luxembourg Current Account is projected to trend around 1150.00 EUR Million in 2021, according to our econometric models.

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Luxembourg Current Account

Actual Previous Highest Lowest Dates Unit Frequency
545.60 955.70 4540.30 -2398.00 1995 - 2020 EUR Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-12-20 11:00 AM Q3 €-272M €1131M €-400M
2020-03-27 11:00 AM Q4 €4540M €224M € 1370M
2020-06-26 10:00 AM Q1 €956M €4540M € 250M
2020-09-25 10:00 AM Q2 €546M €161M € 620M
2020-12-28 11:00 AM Q3 € -260M

News Stream
Luxembourg Current Account Swings to Surplus in Q1
Luxembourg's current account shifted to a EUR 956 million in the first quarter of 2020 from a EUR 2111 million deficit in the corresponding period of the previous year, as the primary income gap narrowed sharply to EUR 4519 million from EUR 7796 million. Meanwhile, the goods shortfall widened to EUR 237 million from EUR 179 million a year earlier and the services surplus decreased to EUR 5807 million from EUR 5921 million. Also, the secondary income deficit rose to EUR 95 million from EUR 64 million.
Luxembourg Current Account Deficit Narrows in Q3
Luxembourg's current account deficit narrowed to EUR 272 million in the third quarter of 2019 from EUR 699 million in the same period of the previous year, as the goods gap decreased to EUR 176 million from EUR 294 million while the primary income deficit dropped to EUR 6,130 million from EUR 6,273 million. Meanwhile, the services surplus widened to EUR 6,053 million from EUR 5,813 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).