Luxembourg vs Portugal: Current account balance
Current account balance over time
- Luxembourg
- Portugal
How they compare
Portugal currently reports 6.51 billion BoP, current US$ against 5.29 billion BoP, current US$ in Luxembourg, a difference of 1.22 billion BoP, current US$.
That makes Portugal's figure about 1.2 times Luxembourg's.
The two have swapped places 2 times across 26 shared years of data; in 1999 it was Luxembourg ahead.
Luxembourg ranks 31st and Portugal ranks 30th of 199 countries.
Luxembourg has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Luxembourg | Portugal | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.65 billion BoP, current US$ | -11.29 billion BoP, current US$ | 12.94 billion BoP, current US$ | Luxembourg |
| 2000s | 2.60 billion BoP, current US$ | -18.29 billion BoP, current US$ | 20.89 billion BoP, current US$ | Luxembourg |
| 2010s | 4.07 billion BoP, current US$ | -2.76 billion BoP, current US$ | 6.82 billion BoP, current US$ | Luxembourg |
| 2020s | 5.02 billion BoP, current US$ | -79.22 million BoP, current US$ | 5.10 billion BoP, current US$ | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance, Luxembourg or Portugal?
- Portugal, at 6.51 billion BoP, current US$ against 5.29 billion BoP, current US$ in Luxembourg as of 2024.
- What is the difference in current account balance between Luxembourg and Portugal?
- 1.22 billion BoP, current US$, with Portugal ahead.
- How many years of comparable data are there for Luxembourg and Portugal?
- 26 years are reported by both, from 1999 to 2024.
- How do Luxembourg and Portugal rank globally for current account balance?
- Luxembourg ranks 31st and Portugal ranks 30th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Current account balance (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.