Luxembourg recorded a Current Account surplus of 4.50 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Luxembourg averaged 7.81 percent from 1995 until 2019, reaching an all time high of 12.60 percent in 2000 and a record low of 4.50 percent in 2019. 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 June of 2021.

Current Account to GDP in Luxembourg is expected to reach 5.00 percent 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 in 2022 and 4.90 percent in 2023, according to our econometric models.

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Luxembourg Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.80 12.60 4.50 1995 - 2019 percent of GDP Yearly

Luxembourg Trade Last Previous Highest Lowest Unit
Balance of Trade -0.60 -0.56 -0.03 -1.02 EUR Billion [+]
Current Account -175.50 -254.20 3337.60 -1962.50 EUR Million [+]
Current Account to GDP 4.50 4.80 12.60 4.50 percent of GDP [+]
Imports 1.82 1.58 2.00 0.36 EUR Billion [+]
Exports 1.23 1.02 1.23 0.33 EUR Billion [+]
External Debt 3274138.69 3315098.15 3928297.76 678052.57 EUR Million [+]
Capital Flows -215.14 -366.10 3330.64 -2041.65 EUR Million [+]
Gold Reserves 2.24 2.27 2.39 2.24 Tonnes [+]
Foreign Direct Investment -33087.00 -50256.00 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.