Luxembourg posted a current account deficit of EUR 1,058.2 million in the fourth quarter of 2022, reversing a surplus of EUR 463.5 million in the corresponding period of the previous year. It was the first current account shortfall since the first quarter of 2020, as the secondary income deficit widened to EUR 328.3 million from EUR 187.8 million a year earlier. Also, the services account surplus narrowed to EUR 4,610.9 million from EUR 6,932.2 million. Meanwhile, the goods account shifted to a surplus of EUR 261.6 million from a deficit of EUR 218.9 million a year ago, while the primary income gap fell to EUR 5,601.5 million from EUR 6,062 million. For full 2022, the country’s current account surplus increased to EUR 3,878.8 million from EUR 3,302.4 million in 2021. source: Banque Centrale du Luxembourg

Current Account in Luxembourg averaged 579.53 EUR Million from 1995 until 2022, reaching an all time high of 2995.60 EUR Million in the third quarter of 2015 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 March of 2023.

Current Account in Luxembourg is expected to be 1100.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Luxembourg Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-12-28 11:00 AM Q3 €526M €1453M €-530M
2023-03-24 11:00 AM Q4 €-1058M €590M € -820M
2023-06-23 10:00 AM Q1 €-1058M € 1100.0M

Related Last Previous Unit Reference
Balance of Trade -0.87 -0.73 EUR Billion Dec 2022
Current Account -1058.20 589.50 EUR Million Dec 2022
Exports 1.21 1.40 EUR Billion Dec 2022
Imports 2.08 2.14 EUR Billion Dec 2022
External Debt 3495577.09 3764454.26 EUR Million Dec 2022
Capital Flows -867.40 988.75 EUR Million Dec 2022
Foreign Direct Investment -362408.43 -20841.98 EUR Million Dec 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
-1058.20 589.50 2995.60 -2813.30 1995 - 2022 EUR Million Quarterly