Services balance (credit less debit), Net (credits less debits) (US) in Luxembourg
Luxembourg: Services balance (credit less debit), Net (credits less debits) (US) was 33.82 billion in 2024. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Luxembourg, 2005–2024
Source: International Monetary Fund.
Analysis
Luxembourg recorded 33.82 billion for services balance (credit less debit), net (credits less debits) in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 3.9% on the previous year and up 31.7% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Luxembourg peaked at 33.82 billion in 2024 and was at its lowest, 14.37 billion, in 2005.
Luxembourg ranks 14th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Luxembourg, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 14.37 billion | — |
| 2006 | 17.75 billion | +23.5% |
| 2007 | 20.64 billion | +16.3% |
| 2008 | 22.38 billion | +8.5% |
| 2009 | 20.65 billion | -7.7% |
| 2010 | 19.61 billion | -5.1% |
| 2011 | 21.54 billion | +9.8% |
| 2012 | 22.00 billion | +2.2% |
| 2013 | 24.02 billion | +9.2% |
| 2014 | 25.68 billion | +6.9% |
| 2015 | 24.41 billion | -5.0% |
| 2016 | 25.13 billion | +2.9% |
| 2017 | 23.23 billion | -7.5% |
| 2018 | 23.85 billion | +2.6% |
| 2019 | 23.33 billion | -2.2% |
| 2020 | 26.30 billion | +12.7% |
| 2021 | 33.29 billion | +26.6% |
| 2022 | 30.66 billion | -7.9% |
| 2023 | 32.55 billion | +6.2% |
| 2024 | 33.82 billion | +3.9% |
Luxembourg compared with similar countries
- Luxembourg's 33.82 billion is above the median for high income countries, which is 910.63 million, 37.1× the median. (72 countries reporting)
- Luxembourg's 33.82 billion is above the median for Europe & Central Asia, which is 2.79 billion, 12.1× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.16 billion | 14.37 billion | 22.38 billion | 5 |
| 2010s | 23.28 billion | 19.61 billion | 25.68 billion | 10 |
| 2020s | 31.32 billion | 26.30 billion | 33.82 billion | 5 |
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 services balance (credit less debit), net (credits less debits) in Luxembourg?
- Services balance (credit less debit), net (credits less debits) in Luxembourg was 33.82 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Luxembourg?
- The highest recorded value was 33.82 billion in 2024.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Luxembourg?
- The lowest recorded value was 14.37 billion in 2005.
- How does Luxembourg rank for services balance (credit less debit), net (credits less debits)?
- Luxembourg ranks 14th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Luxembourg?
- Over the last ten years it is up 31.7%. 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 Services 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.