Luxembourg recorded a Current Account surplus of 4.30 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Luxembourg averaged 7.67 percent of GDP from 1995 until 2020, reaching an all time high of 12.60 percent of GDP in 2000 and a record low of 4.30 percent of GDP in 2020. This page provides - Luxembourg Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Luxembourg is expected to reach 5.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Current Account to GDP is projected to trend around 5.20 percent of GDP in 2022 and 4.90 percent of GDP in 2023, 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 to GDP

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.60 12.60 4.30 1995 - 2020 percent of GDP Yearly

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.57 -0.66 -0.03 -1.02 EUR Billion [+]
Current Account 352.20 -175.50 3337.60 -1962.50 EUR Million [+]
Current Account to GDP 4.30 4.60 12.60 4.30 percent of GDP [+]
Imports 1.79 1.78 2.00 0.36 EUR Billion [+]
Exports 1.22 1.12 1.24 0.33 EUR Billion [+]
External Debt 3381918.74 3274138.69 3928297.76 678052.57 EUR Million [+]
Capital Flows 219.01 -215.14 3330.64 -2041.65 EUR Million [+]
Gold Reserves 2.24 2.24 2.39 2.24 Tonnes [+]
Foreign Direct Investment -5898.00 -33087.00 285624.00 -298488.00 EUR Million [+]

Luxembourg Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.