Luxembourg's current account surplus narrowed to EUR 526 million in the third quarter of 2022 from EUR 1,234 million in the same period of last year. The goods account posted a EUR 203 million deficit, compared with a EUR 1,378 million surplus a year ago, while the services surplus declined to EUR 5,345 million from EUR 5,650 million. Meanwhile, the primary income gap shrank to EUR 4,940 million from EUR 6,082 million, while the secondary income surplus was slightly up to EUR 324 million from EUR 288 million. Considering January to September, the current account surplus narrowed to EUR 4,104 million from EUR 5,021 million in the same period of 2021. source: Banque Centrale du Luxembourg

Current Account in Luxembourg averaged 595.62 EUR Million from 1995 until 2022, reaching an all time high of 5324.90 EUR Million in the second quarter of 2021 and a record low of -2813.30 EUR Million in the fourth quarter of 2019. 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 January of 2023.

Current Account in Luxembourg is expected to be -820.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Current Account is projected to trend around 1200.00 EUR Million in 2023 and 700.00 EUR Million in 2024, according to our econometric models.

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Luxembourg Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-09-23 10:00 AM Q2 €610M €440M €-250M
2022-12-28 11:00 AM Q3 €526M €1453M €-530M
2023-03-24 11:00 AM Q4 €526M € -820M

Related Last Previous Unit Reference
Balance of Trade -0.80 -0.75 EUR Billion Oct 2022
Current Account 526.20 1452.80 EUR Million Sep 2022
Exports 1.40 1.43 EUR Billion Oct 2022
Imports 2.20 2.18 EUR Billion Oct 2022
External Debt 3729808.18 3606556.82 EUR Million Sep 2022
Capital Flows 473.89 1623.75 EUR Million Sep 2022
Foreign Direct Investment -6090.88 -19325.69 EUR Million Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
526.20 1452.80 5324.90 -2813.30 1995 - 2022 EUR Million Quarterly