Current account balance (credit less debit), Net (credits less debits) in Luxembourg
Luxembourg: Current account balance (credit less debit), Net (credits less debits) was 4.10 billion in 2024. ▲ Rising
Current account balance (credit less debit), Net (credits less debits) in Luxembourg, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Luxembourg stood at 4.10 billion.
That represents a change of down 32.6% on the previous year and up 20.9% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Luxembourg peaked at 6.08 billion in 2023 and was at its lowest, 2.61 billion, in 2005.
Luxembourg ranks 35th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Current account balance (credit less debit), Net (credits less debits) in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2.61 billion | — |
| 2006 | 2.85 billion | +9.3% |
| 2007 | 3.38 billion | +18.4% |
| 2008 | 3.66 billion | +8.3% |
| 2009 | 3.00 billion | -17.9% |
| 2010 | 3.27 billion | +8.8% |
| 2011 | 3.47 billion | +6.3% |
| 2012 | 3.14 billion | -9.6% |
| 2013 | 3.39 billion | +8.0% |
| 2014 | 3.39 billion | -0.1% |
| 2015 | 3.38 billion | -0.4% |
| 2016 | 4.61 billion | +36.6% |
| 2017 | 4.06 billion | -12.0% |
| 2018 | 5.91 billion | +45.6% |
| 2019 | 6.02 billion | +1.8% |
| 2020 | 3.59 billion | -40.4% |
| 2021 | 4.31 billion | +20.1% |
| 2022 | 4.41 billion | +2.3% |
| 2023 | 6.08 billion | +37.8% |
| 2024 | 4.10 billion | -32.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.10 billion | 2.61 billion | 3.66 billion | 5 |
| 2010s | 4.07 billion | 3.14 billion | 6.02 billion | 10 |
| 2020s | 4.50 billion | 3.59 billion | 6.08 billion | 5 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Net domestic credit (current LCU), per capita 208,660 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.57 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate -6.24 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 2.52 million SDR (2025)
- Gold reserves at market value 229.63 million SDR (2025)
- Reserves excluding gold, foreign exchange 33.59 million SDR (2025)
- Reserves excluding gold 2.00 billion SDR (2025)
- Total reserves (gold at market value) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,243 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Luxembourg?
- Current account balance (credit less debit), net (credits less debits) in Luxembourg was 4.10 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Luxembourg?
- The highest recorded value was 6.08 billion in 2023.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Luxembourg?
- The lowest recorded value was 2.61 billion in 2005.
- How does Luxembourg rank for current account balance (credit less debit), net (credits less debits)?
- Luxembourg ranks 35th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Luxembourg?
- Over the last ten years it is up 20.9%. The long-run trend across the full record is rising.
- Where does this Luxembourg data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.