Remittance inflows to GDP in Luxembourg
Luxembourg: Remittance inflows to GDP was 3.0% in 2020. βΌ Falling
Remittance inflows to GDP in Luxembourg, 1995β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Luxembourg is 3.0%, measured in 2020.
That represents a change of up 2.7% on the previous year and up 0.5% over ten years.
Over the whole period, remittance inflows to gdp in Luxembourg peaked at 3.5% in 2003 and was at its lowest, 2.7%, in 2001.
Luxembourg ranks 86th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.3% | 3.0% | 3.5% | 5 |
| 2000s | 3.1% | 2.7% | 3.5% | 10 |
| 2010s | 2.9% | 2.7% | 3.0% | 10 |
| 2020s | 3.0% | 3.0% | 3.0% | 1 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Domestic credit to private sector by banks 93.2% (2023)
- Total reserves in months of imports 0.0635 (2025)
- Net domestic credit 139.06 billion current LCU (2023)
- Net foreign assets 379.93 billion current LCU (2023)
- Monetary Sector credit to private sector 85.1% (2024)
- Claims on central government, etc. -2.4% (2024)
- Domestic credit to private sector 85.1% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration 5,237 (2025)
- GDP deflator: linked series 129.81 base year varies by country (2025)
Frequently asked questions
- What is remittance inflows to gdp in Luxembourg?
- Remittance inflows to gdp in Luxembourg was 3.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Luxembourg?
- The highest recorded value was 3.5% in 2003.
- What is the lowest remittance inflows to gdp recorded in Luxembourg?
- The lowest recorded value was 2.7% in 2001.
- How does Luxembourg rank for remittance inflows to gdp?
- Luxembourg ranks 86th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Luxembourg?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is falling.
- Where does this Luxembourg data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.