Luxembourg recorded a Current Account surplus of 4540.30 EUR Million in the fourth quarter of 2019.

Current Account in Luxembourg averaged 633.28 EUR Million from 1995 until 2019, 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 April of 2020. source: Banque Centrale du Luxembourg

Current Account in Luxembourg is expected to be 250.00 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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Luxembourg Current Account

Actual Previous Highest Lowest Dates Unit Frequency
4540.30 224.30 4540.30 -2398.00 1995 - 2019 EUR Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-06-21 09:50 AM Q1 €725.2M €-593M € -470M
2019-09-23 10:00 AM Q2 €1378M €53M € -400M
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 €4540M € 250M
2020-09-25 10:00 AM Q2 € 620M
2020-12-28 11:00 AM Q3 € -260M

News Stream
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 Swings to Surplus in Q2
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.
Luxembourg Current Account Surplus Narrows in Q1
Luxembourg posted a current account gap of EUR 725 million in the first quarter of 2019 compared to a EUR 2,369 million surplus in the corresponding period of the previous year. The services surplus rose to EUR 6,005 million from EUR 5,523 million a year earlier while the goods deficit narrowed to EUR 462 million from EUR 795 million. Meantime, the primary income deficit rose to EUR 4,760 million from EUR 2,255 million while the secondary income gap decreased to EUR 57 million from EUR 103 million in the same period a year ago.

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).