Remittance inflows to GDP in Luxembourg
Luxembourg: Remittance inflows to GDP was 3.0% in 2020. ▼ Falling
Remittance inflows to GDP in Luxembourg, 1995–2020
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 87th of 197 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.
Remittance inflows to GDP in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 3.5% | — |
| 1996 | 3.4% | -2.8% |
| 1997 | 3.3% | -2.5% |
| 1998 | 3.3% | -1.8% |
| 1999 | 3.0% | -8.7% |
| 2000 | 2.7% | -8.4% |
| 2001 | 2.7% | -1.1% |
| 2002 | 3.5% | +29.8% |
| 2003 | 3.5% | +0.9% |
| 2004 | 3.4% | -4.8% |
| 2005 | 3.2% | -6.1% |
| 2006 | 3.0% | -4.5% |
| 2007 | 2.9% | -4.9% |
| 2008 | 2.8% | -1.5% |
| 2009 | 3.1% | +9.0% |
| 2010 | 3.0% | -3.5% |
| 2011 | 2.9% | -1.2% |
| 2012 | 2.9% | -2.1% |
| 2013 | 2.9% | +2.5% |
| 2014 | 2.7% | -6.9% |
| 2015 | 2.8% | +1.6% |
| 2016 | 2.8% | +0.3% |
| 2017 | 2.9% | +3.8% |
| 2018 | 2.9% | +1.4% |
| 2019 | 2.9% | -1.2% |
| 2020 | 3.0% | +2.7% |
Luxembourg compared with similar countries
- Luxembourg's 3.0% is above the median for high income countries, which is 0.8%, 3.9× the median. (67 countries reporting)
- Luxembourg's 3.0% is above the median for Europe & Central Asia, which is 1.5%, 2.0× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP in Luxembourg changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +29.8% | 2.7% | 3.5% |
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
- Reserve position in the IMF, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 683.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 499.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 683.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.09 % change on previous year (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 87th out of 197 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 · JSON — 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.